Description: The author describes the 29th. edition of the International Summer School, held in Lausanne, Switzerland, organized by the Swiss Association of Actuaries.

Description: Overview of Investment Section activity and vision ahead.

Description: Update of the activities being carried out by the Joint Risk Management Section

Description: Case study evaluating CME Group US Treasury futures and options as a key rate duration (KRD) adjustment tool.

Description: Read the July 2020 issue of Risk Management published by the Joint Risk Management Section. Newsletters provide practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: The roots of the crisis are understood on a simplified basis, by 3 Ls: a Lack of accountability b Leverage and c Liquidity. Historically, people requiring mortgages sought their mortgages from local institutions that would conduct the evaluation and hold the risk. Loan officers of these institutions were accountable for the outcomes of their decisions – defaults were a direct reflection on their judgment. Leverage was a second key factor. Institutions guaranteed mortgages against default. The third L, liquidity, because a problem. When property values eventually evidenced their inevitable fall, defaults occurred at historically high rates.

Description: To provide guidance to the actuarial leaderships globally and provide an evolutionary view of the educational requirements - learning objectives and/or content - for the profession in the field of Enterprise Risk Management.