Description: Story submitted for the 10th Speculative Fiction Contest - 2013.

Description: Story submitted for the 10th Speculative Fiction Contest - 2013.

Description: This article discusses a good way for insurance companies to calibrate economic capital (tail risk level) that is consistent with the market opinion on its risk. It also establishes a bridge between a risk neutral evaluation and a real world evaluation.

Description: Argues that the suppression or mitigation of small and intermediate economic collapses means that much bigger collapses will occur instead.

Description: How to work with boards of directors when working through the ORSA process.

Description: Models are imperfect approximations of reality. Once a bubble has been recognized, that’s the time for mechanisms of caution and prudence to kick in, even in the face of exuberance – especially in the face of exuberance. Liquidity and trust is plentiful until it’s not – it can evaporate with blazing speed and only returns slowly. Risk is contagious, which means every single employee and citizen has a vested interest in taking on the role of chief risk officer.

Description: This paper introduces basic embedded value EV principles, concepts and formulas that will be especially valuable to the beginning students of EV.

Description: The upside of the downturn is that these powerful, influential, connected and important, yet incompetent people can be removed from their positions. To quote a great insight of Ayn Rand: “There is no substitute for competence.”

Description: This document is a call for essays issued by the Society of Actuaries Research Institute. It seeks submissions that explore the impact of Artificial Intelligence/Large Language Models on retirement professionals and retirees. The document provides background information, research objectives, and a list of illustrative topics and questions that the essays can address. The submission guidelines, timeline, and evaluation criteria are also outlined.

Description: Many experts tout the benefits of index investing, but history tells us that when enough investors do the same thing it tends to end badly. Stay tuned!