Description: This article is part of a 2 part series on real options analysis (ROA). Before you can understand the limitations of ROA, you must first understand the difference between risk and uncertainty. This article goes into detail explaining the vast differences between the two phenomena.

Description: This articles describes some of the industry issues that new-generation risk modeling technologies can address and the emerging technology of simultion as it applies to risk modeling.

Description: Feature article summarizing a talk given by Andrew Lo at the SOA 2009 Annual Meeting on the credit crisis and why risk management failed to stop the excessive risk taking.

Description: The author provides an overview, from a banking perspective, of Value at Risk VAR and its use as a risk management tool. This article originally appeared in the August 1997 issue of Financial Engineering News and is reprinted with permission.

Description: This is the second part of a 2 part series on Real options analysis (ROA). This article looks into the limitations of using financial option theory when doing real options analysis with projects that are long-dated and uncertain, such as: 1. First-degree homogeneity, 2. Uncertainty must derive from Brownian motion, and 3. Risk neutrality.

Description: Short for Chartered Enterprise Risk Analyst, this new international credential encompasses the most comprehensive and rigorous validation available for enterprise risk management.

Description: This article is an overview of the presentations made at the Advanced Risk Management Seminar. Some topics were 1 the importance of enterprise risk management 2 how policyholder behavior affects the risks of GMBD riders and 3 credit risk.

Description: The international risk management community is now being served by two professional organizations, the Global Association of Risk Professionals GARP and the Professional Risk Managers' Association PRIMIA. The article describes both professional organizations.

Description: Update of the activities being carried out by the Joint Risk Management Section

Description: The author notes that “insurance companies have been in the business of risk management for hundreds of years. The latest trend towards risk management in banks is both new to insurance companies and very old hat—new because it applies new techniques at least new to the last half century and old hat because many risk management techniques are so old hat to insurance companies that they are almost unconsciously performing them.”