Description: Discussion of how non actuaries are taking on many of the enterprise risk management roles of insurance companies. Discusses changes actuaries need to make to re-assert their roles. Also discusses roles actuaries can play in enterprise risk management outside of the insurance and pension industries

Description: This article is a summary of two presentations sponsored by the Small Insurance Company Section. The first was a webcast on March 13, 2012, and the second was at the ERM Symposium on April 20, 2012.

Description: A discussion of the concept of a best practice

Description: Describes a process for identifying relevant industry experience to credibility-weight with relevant company experience to set modeling assumptions and margins.

Description: Describes using the new multi-risk scenario generator to create sensitivity tests at moderately adverse probability levels, resulting in margins to use for PBR.

Description: The editor discusses the content of the issue including articles on low-interest-rate environment, ERM, regulatory issues, as well as webinars and meetings sponsored by the SIC Section.

Description: Based on April webinar, develops nine guidelines for setting assumptions.

Description: Find more information about Actuarial System Implications of VM-20.

Description: Discussing how examinations of asset adequacy analysis, AAA, and risk-based capital, RBC, by state insurance department examiners can go much more smoothly with good preparation and documentation of both assumptions and derivation of assumptions.

Description: Two valuation proposals have occupied the regulatory agenda this year—the ACLI Interim Proposal and SVL II or the Principles Based Approach PBA to reserving. This article summarizes the ACLI Interim Proposal to the current Standard Valuation Law which allows a new preferred mortality table to be used and changes Actuarial Guideline 38 to allow lapse.