Description: The earth’s ecosystem appears to be leaving the 10,000-year Holocene epoch that featured a stable environment. For homo sapiens, this stability encouraged a move from hunter/gatherer to farming and urban lifestyles. The new period showcases climate risk, resulting in higher temperatures and more extreme weather. These conditions lead to greater exposures to properties and economies when events like hurricanes and wildfires occur.

Description: The goal of this paper is to examine similarities between value investing and enterprise risk management (ERM) methods.

Description: Study of the Effect of a Flu Pandemic on Insured Mortality Using the Delphi Method

Description: Study of the Effect of a Flu Pandemic on Economic Values Using the Delphi Method

Description: The goal of this paper is to examine similarities between value investing and enterprise risk management (ERM) methods.

Description: The goal of this paper is to examine similarities between value investing and enterprise risk management (ERM) methods.

Description: This is a research report describing the results of an Emerging Risks Survey that asked members of the International Network of Actuarial Risk Managers [INARM] about emerging risks that will have the greatest impact over the next few years. They were also asked by modeling techniques and future spending on risk management.

Description: The goals of this project are to describe the impact on assets and liabilities if nominal interest rates remained low for an extended period of time. In addition, several other questions were considered that provide insights to the reader: • Is a long-term low interest rate scenario possible? • What could cause a long-term low nominal interest rate scenario and should this be presented to management? • What strategies should insurers and others providing oversight consider in response to an extended low interest rate scenario?

Description: Initiated by the Financial Reporting Section, this paper explores rising interest rates. Following this path, the paper will look at implications of interest rate changes for the life insurance industry, current stress testing practices, and how a risk manager can proactively prepare for an uncertain future. A paper published in 2014 focused on why rates could stay low, and some aspects of this paper are similar (e.g., description of insurance products). This paper also uses a sample model office to help practitioners look at their own exposures. It includes typical interest-sensitive insurance products and how they might perform across various scenarios, as well as a survey to establish current practices for how insurers are testing interest rate risk currently.

Description: This page summarizes the annual emerging risks surveys and articles published on the surveys.