Description: Regular update provided by the Chair of the Joint Risk Management Section on initiatives put forth by the section council for the current year.

Description: Editor's note in Risk Management

Description: A brief introduction to a new SOA research on liability-driven investment benchmark model.

Description: Recent section activities

Description: Email blast process and email preference setting description

Description: An update on the activities of the JRMS Council.

Description: Note from the Council Corner providing an update to our JRMS members on recent / upcoming activities.

Description: This staff corner presents the new newsletter format.

Description: The underlying premise of this paper is that enterprise risk management (ERM), as it continues to evolve as both a process and a collection of risk management techniques, can benefit from several different (but ultimately somewhat related) “megatrends.” The core of this paper concentrates on the impact on ERM of one of those megatrends: the emergence of a behavioral economics perspective, which is beginning to have a large impact on our understanding of the economy and on certain economic and business processes. The evolution and context of behavioral economics are described, and potential implications for the practice of ERM are discussed. The paper culminates with a variety of specific suggestions for ERM practice in response to findings from behavioral economics research, specifically a number of human cognitive dissonances inconsistent with traditional economic theory.

Description: Joint Risk Management Section chairperson's corner, June 2023