Description: This abstract describes a paper that investigates model uncertainty arising from different ways of treating the operational loss data collection threshold.

Description: Presentation from the Actuarial Research Conference describing risk management at a leading Canadian Bank.

Description: A discussion of Actuarial Aspects of Section 404 of Sarbanes-Oxley

Description: There is widespread acknowledgement in the insurance industry that cyber risk remains an untamed and seemingly ever-growing beast. It is also unique in the family of risk exposures faced by insurers in that it is both an emerging risk and an emerged risk. What are companies doing to keep on top of this risk? What are actuaries doing to contribute to cyber risk management, and what can we learn from other industries and disciplines?

Description: Comments on Robert North’s paper, a real case study of disclosing MVL in a public employee retirement system.

Description: Presented at May 1996 Spring Meeting. Explores some of the current best practices and provides insights on improving the process so that it is faster and cheaper.

Description: In this study the author will review some correlations between the operating income per employee and some elements of company structure for the S&P 500 that are proxies for management control and supervision. An analysis yielded the following general observations: 1 companies in which the chairman and CEO roles are combined generate more income per employee than those in which the roles are separate 2 companies with a lead director and the chairman and CEO combined typically do better still 3 the more executive officers a company has, the higher operating income is generated per employee although this decreases marginally and 4 companies tend to gravitate toward a structure with 10 executive officers and 10 directors this is a fixed point of an iterative decision function. Presented at 2010 Enterprise Risk Management Symposium, Society of Actuaries, April 12-15, 2010.

Description: Abstract: This paper examines the potential impact of increasing negative commentary by social media users in multiple forums, which can erode the “reputation capital” of a utility. It also offers an approach for successfully addressing that risk and integrating social media risk management practices into existing utility enterprise risk management (ERM) programs.

Description: Essays advocating for incentive compensation linked to the level of risk in an organization.

Description: Reminding that incentive compensation needs to hit the target on average, needs to have variability related to the level of control over company’s fortune and ensure people are participating.