Description: Read the August 2019 issue of Risks & Rewards published by the Investment Section. Newsletters provide practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: Feature article discussing Nassim Taleb’s black swan theory. Taleb points out that banks keep their loans at full value - anchored to the book value of the loan. The solution to the problem is to use mark-to-market reporting and have volatility instead of having no volatility and then experiencing a Black Swan event.

Description: This article provides a retrospective on investment risk management while highlighting actuarial tools used by portfolio risk managers.

Description: An overview of the recent Advanced Risk Management Seminar New York, December 2002.

Description: Feature article discussing the newly developed Build America Bonds BABs.

Description: The article discusses how well the GDP Gross Domestic Product reflects the true state of the economy. It also describes the process of calculating the GDP advance estimate, preliminary estimate and then final estimate.

Description: This article is an overview of the Financial Risk Managment of Insurance Enterprises course. The course incorporates financial risk management, asset pricing models and all risks facing an insurance company. The basics are then applied to asset-liability management and valuation.

Description: Crossword puzzle featured in the September 2020 issue of Risks & Rewards.

Description: Tidbits of Section relevant information.

Description: The article discusses C1 risks in five areas: 1 the economics of risk, 2 portfolio optimization, 3 policy, 4 risk interaction and 5 institutional aspects of C1 risk.