Description: In this article, the author discusses financial regulation and the financial crisis.

Description: A warning about keeping top management fully and clearly informed about enterprise risk assessments, as illustrated by some actual and fictional stories.

Description: Many top-performing businesses aren’t just risk aware, but rather risk intelligent. Such a posture helps prepare companies for a major event and can demonstrate to a regulator or auditor that an appropriately strong control framework is in place. Better still, companies gain real strategic value from a “risk adjusted” understanding not only of their threats and vulnerabilities, but also the upside opportunities associated with various risks. It starts with having both qualitative and quantitative information to identify, assess and manage risks. Strategic risk management, at its core, is about creating value by increasing transparency and accountability, and quality of information. More than a mere compliance exercise, effective risk management enables more informed strategic decision making, increased accountability and transparency, a greater likelihood of organizational success, and – ultimately – competitive advantage, as borne out by many studies that correlate risk management and financial results.

Description: Responsibilities Of The Actuary For Communicating Sarbanes-Oxley Control in accordance With Actuarial Standards of Practice

Description: This article provides an overview of the evolution and rationale for Own Risk Solvency Assessment (ORSA), as well as practical implications for insurers as they begin to design an ORSA process.

Description: Model Risk Management has come under increased focus in recent years. This article gives an introduction to model risk and sound MRM processes and controls.

Description: Case comment on a Québec Superior Court decision rendered on June 13, 2016i.

Description: A risk map is an effective and dynamic tool in helping companies develop a broader view of their risks.

Description: A followup on predictions about the future of enterprise risk management from 2003.