Description: This chart that outlines a cultural shift and a change in the day-to-day buisness decision-making and processes, rather than a once-and-done event. This chart is from an article in The Actuary magazine titled Value-Based Enterprise Risk Management.

Description: This article argues that using Economic Capital as a metric does not capture all of the risks. The author suggests an alternative that better meets a corporation's overall risk management needs. This is value-based ERM, which is an approach that makes the quantification of enterprise value central to all aspects of the ERM process. It is a combination of two techniques—enterprise risk management and value-based management, and it captures all of the risks in a single metric.

Description: Full version of The Stepping Stone Newsletter, April 2004, Issue No. 14.

Description: This table reflects results based on an SOA survey of actuaries and employers. From article "Protecting the Future Image of the Actuary" by Sim Segal featured in The Actuary Magazine, February 2005.

Description: The value-based ERM approach is a robust yet practical synthesis of enterprise risk management and value-based management, and has been used to help a range of companies – financial services companies, non-financial services companies, and non-corporate entities alike – successfully implement their ERM programs and integrate ERM into their decision-making processes.

Description: For the top-20 key risks, the carriers were asked to identify the key risk indicators (KRIs) they use for monitoring and the activities they use, or plan to use, to mitigate the likelihood of occurrence and/or the severity of impact.

Description: Full version of The Stepping Stone Newsletter, July 2003, Issue No. 12.

Description: In recent years, actuaries have experienced an increase in competition. Competitors from other financial services industries are taking positions traditionally held by actuaries. Some have occupied senior positions, including the CFO and CRO roles. Many actuaries perceive this as a threat to the opportunities for actuaries. From The Actuary Magazine June 2005

Description: Describes the current enterprise risk management, ERM, model for beginners.

Description: Chairperson’s Corner by Simcha A. Segal from The Stepping Stone Newsletter, July 2003, Issue No. 12.