Description: The ASB recently approved ASOP 56 - Modeling for all practice areas effective October 1, 2020. This new standard provides important guidance for the ERM practitioner as they build, use, and review the many different types of models used in everyday applications.

Description: This staff corner presents the new newsletter format.

Description: This article introduces the JRMS library, how one can access it and what books are added this year.

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

Description: In this article, the section chairperson talks about the importance of actively promoting actuarial skills and value to lead the evolution of risk management.

Description: In this article, the Editor talks about the changes to the newsletter and discusses prizes available for articles.

Description: In this article, the author examines Nassim Taleb’s work and writings and discusses its relevance to the future of the actuarial profession.

Description: One of the most fundamental concepts in actuarial practice is the time value of money. For any work in which future cash flows are allowed for, such as reserving or pricing, it is natural to discount to present values so that an appropriate amount of money can be set aside today, allowing for future investment returns. This article discusses yield curve extrapolation methods along with the benefits and drawbacks of these methods.

Description: The Joint Risk Management Section chairperson discusses the makeup of the new section council and the ERM symposium.

Description: Actuaries can apply their technical expertise and enterprise risk management ERM skills to become leaders in ERM practices across industries, especially if they maintain a clear focus on developing their leadership roles.