Description: Risk management and capital budgeting are two critical components of the corporate decision process. They often need to be considered jointly at the corporate level because of their natural interaction through the dependent risk exposures and other synergetic relationships within an intricate corporate structure in a dynamic business environment. . This paper develops an integrated framework that aligns these two important corporate strategies across business divisions to optimize the streamlined enterprise strategic goal in a multi-period setting. The proposed integrated framework can serve as a practical guideline for corporate executives to optimally coordinate capital budgeting and risk management at the enterprise level.

Description: This article reviews the sixth survey of Emerging Risks, sponsored by the Joint Risk Management Section and completed in fall 2012.

Description: This article is about defining risks at the proper level. To do so one must distinguish between risks and the outcome of other risks. The so-called reputation risk is an example of something that is not a source of risk, but rather an outcome of other risks. In addition to defining risks at the source, is also important to categorize risks with consistent levels of granularity.

Description: Reputational damage can hurt a company in many ways. This article talks about how to successfully manage reputational challenges.

Description: Article from Risk Management, July 2006, issue 8 that highlights the papers that were presented at the 2006 Stochastic Modeling Symposium. The papers presented covered a variety of practical topics ranging from choosing appropriate equity, interest rate and credit models and calibration parameters to optimal and efficient techniques and methodologies in valuing and managing associated risks.

Description: In this article the author discusses creating a common language for ORSA, capital and stress.

Description: The 1st in an on-going series of candid conversations with Chief Risk Officers on the critical issues facing the insurance industry.

Description: Article from Risk Management Newsletter, July 2006, Issue 8, discusses the guaranteed minimal withdrawal benefit through the perspectives of four actuaries; the cash-aware actuary, the surplus-aware actuary, the volatility-aware actuary and the market-aware actuary.

Description: This article is a request for new volunteers to participate in the Risk Management Task force projects.