Description: Many SOA members are familiar with the Actuaries' Climate Index, the result of an early and critical effort by North American actuarial organizations to grapple with the impact of climate change on our constituents. But did you know that the SOA continues to produce research on the nexus of environmental issues and the actuarial profession? And did you know that under its Strategic Research Program Initiative, the SOA has elevated its commitment to research through the development of a Climate and Catastrophe research program?

Description: In the context of insurance economics, the PH-transform is justified through some basic postulates on market premiums. In this paper the PH-transform is applied to the present value random variable in life insurance and annuities. It provides an alternative to the commonly used equivalence principle in life insurance and annuities premium calculation. This research project is sponsored by a joint AERF/CKER Grant of the Society of Actuaries.

Description: This research report, part of the Society of Actuaries [SOA} ‘Research Projects – Finance/Investment,’ is sponsored by the Casualty Actuarial Society [CAS], Canadian Institute of Actuaries [CIA], and the Society of Actuaries [SOA] Joint Risk Management Section Research Team and the SOA's Committee on Finance Research. This paper examines the subprime mortgage crises and related financial consequences from the perspective of the insurance industry.

Description: This article describes risk modeling and how to build a risk intelligence system.

Description: Full version of Risk Management, December 2006, Issue No. 9.

Description: Article from Risk Management Newsletter, July 2005, Issue 5 discusses an international initiative involving leading universities and professional organizations. In the current, all-out race for “ERM leadership,” a consortium of leading universities and professional organizations worldwide has taken action to jointly sponsor the ERM Institute International, Ltd. (ERMII)—a nonprofit educational and research organization with a focus on education, research and training in the ERM conceptual framework, quantitative methods and tools, and best practices.

Description: This paper presents actuarial (mathematical) models for cyber breach probability as function of the level and allocations of security spending by a firm.

Description: This research report analyzes the risk associated with the use of models through the potential for model error.

Description: This article discusses the growing exposure of ERM and where it's headed in the future. The author predicts that the ERM discipline will go deeper to reflect better the realities in our enterprises and that the science of ERM will leap forward through combining analytical skills and business knowledge, and through blending the insights of financial economics with the tools of management science.

Description: This research report analyzes the risk associated with the use of models through the potential for model error.