Risk Position Reporting
Research Projects – Finance/Investment
Risk management is central to running a successful insurance operation. This means that insurers must be able to measure and monitor their risks in a way that in turn allows them to choose risk management tools which will effectively help them manage and/or exploit these risks. In late 1999, a working group was set up by the Society of Actuaries’ Finance Practice Area to look at how the insurance industry measures and monitors risk through risk position reporting. This paper reports on the findings of this working group. In this paper the working group establishes industry standard practices in risk position reporting and determines a number of areas in which insurance industry practitioners believe risk position reporting in the insurance industry can be improved.
Questions Or Comments?
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