Description: An illustrative deterministic scenario if shown in this chart. Customer service quality decreases noticeably in the new annuity product line. This chart is from an article in The Actuary magazine entitled Value-Based Enterprise Risk Management.

Description: This is an article about how our business environment has changed and how actuaries must evolve in order to retain their value to employers.

Description: This article describes how insurers can expand the reach of their efforts with regard to Economic Capital EC into the broader enterprise risk management process. Some experts contend that can be done by shifting the focus towards value. EC has the potential to shed new light on valuable opportunities for insurers.

Description: This is a summary of the 2005 ERM Symposium. From Risk Management Newsletter, July 2005, Issue No. 5.

Description: Describes the current enterprise risk management, ERM, model for beginners.

Description: In this article, the editor of the newsletter addresses the readership about changes to the newsletter.

Description: The author notes a concern for broad risk management in our society, which he names Societal Risk Management, as witnessed by the creation of the department of homeland security and suggests how actuarial expertise can help.

Description: For the top-20 key risks, the carriers were asked to identify the key risk indicators (KRIs) they use for monitoring and the activities they use, or plan to use, to mitigate the likelihood of occurrence and/or the severity of impact.

Description: In recent years, actuaries have experienced an increase in competition. Competitors from other financial services industries are taking positions traditionally held by actuaries. Some have occupied senior positions, including the CFO and CRO roles. Many actuaries perceive this as a threat to the opportunities for actuaries. From The Actuary Magazine June 2005

Description: This chart that outlines a cultural shift and a change in the day-to-day buisness decision-making and processes, rather than a once-and-done event. This chart is from an article in The Actuary magazine titled Value-Based Enterprise Risk Management.