Description: In this article, the author discusses the International interest in working toward a global ERM credential similar to the CERA designation from the SOA.

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: Insurers can leverage information from their required Own Risk Solvency Assessment (ORSA) and use it internally to improve the likelihood of solvency and gain a competitive advantage.

Description: The author calls for a re-examination of potential new avenues for growth for the actuarial profession, both in new areas and traditional areas.

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.

Description: Update on issues, priorities and key messages from the Joint CAS / CIA / SOA Risk Management Section Council.

Description: The Joint Risk Management Section's chairperson explains the Joint Risk Management Section Council members plans for the coming year, with a heavy focus on research and continuing education.