Description: The author uses football to demonstrate the axiom of downside risk, and how it can be applied in business situations when considering whether to use a conservative or aggressive approach.

Description: Feature article discussing how insurers have reflected volatility in asset return assumptions when determining capital requirements, but have largely disregarded the impact of mortality volatility on their liability assumptions when performing stochastic analysis.

Description: Update of the activities being carried out by the Joint Risk Management Section

Description: Describes why, contrary to common opinion among financial economists, investments may be less risky for a longer time horizon. Describes where the assumptions underlying Paul Samuelsons assertion may not apply

Description: An overview of the SOA annual meeting session 154 panel discussion: the coming retirement financial crisis and how actuaries will be part of the solution.

Description: Provides summary of qualitative factors in the current fiscal, economic and political environment that could lead to higher inflation.

Description: This article provides an analysis of Value at Risk VAR and its advantages and limitations as a tool for assessing and quantifying market risk. The article originally appeared in the August 1997 issue of Financial Engineering News and is reprinted with permission.

Description: Against a background of recent capital market downturns, this article discusses the need for increasing the focus on risk control with respect to variable annuity and life products. This article originally appeared in the September 14, 1998 issue of The National Underwriter, a publication of the National Underwriter Company, and is reprinted here with permission.

Description: Provides a technique for carrying out investment performance attribution reporting which provides stable, consistent results without residuals. Provides simple examples and a mathematical defense of the method. Illustrates implementation using numerical integration. Provides guidance to limit application of the technique when there are discontinuities in the underlying exposure.

Description: Statistics were invented to describe heterogeneity and are now applied to tackle alea. It may not be appropriate. Let's clarify their field of relevance.