Description: Our goal in this article is to dive deeper into the role longevity swaps could play in the US PRT market by drawing comparisons to the UK and highlighting recent commercial developments that can jump start the US market’s need for longevity reinsurance.

Description: Complete issue of the August 2014 Risk Management newsletter.

Description: The latest installment in a series of articles inspired by the book "Awake at Work" by Michael Carroll that applies Buddhist philosophy to workplace situations. This series applies such philosophy to situations that actuaries regularly encounter. This installment uses the author's trials and tribulations in learning how to stand on his head to illustrate key Buddhist principles in fear and risk that actuaries can apply in their professional growth.

Description: In a very general setting this paper describes a straightforward, non-parametric approach to aggregate "stand-alone" or marginal distributions with desired correlations without imposing additional assumptions on those marginals. We then develop two optimizations for the enterprise, one based on maximizing return on economic capital and the other based on a mean -semivariance efficient frontier from the investor point of view.

Description: A description of features designed to alter a conventional reinsurance treaty structure into one where the reinsured accepts more risk for excess claim in return for more benefits of favorable experience.

Description: Editors discuss the articles in this issue.

Description: Feature article discussing how ERM needs to expand to cover the many different attitudes toward risk.

Description: The editorial calls on actuaries to have “guts” and take chances on new risk management opportunities for the profession.

Description: Editorial for the October/November 2012 edition of The Actuary magazine discussing risk and uncertainty as two different concerns.

Description: Strategic Risk Management was given lower priority in a recent survey of ERM Objectives. This article tells how the author believes that recent events have caused many to shift to a more short term focus and in the future there will be a shift back to a priority for the longer term view that stands behind Strategic Risk Management when the environment settles down and things again seem to be more predictable.