Description: Many top-performing businesses aren’t just risk aware, but rather risk intelligent. Such a posture helps prepare companies for a major event and can demonstrate to a regulator or auditor that an appropriately strong control framework is in place. Better still, companies gain real strategic value from a “risk adjusted” understanding not only of their threats and vulnerabilities, but also the upside opportunities associated with various risks. It starts with having both qualitative and quantitative information to identify, assess and manage risks. Strategic risk management, at its core, is about creating value by increasing transparency and accountability, and quality of information. More than a mere compliance exercise, effective risk management enables more informed strategic decision making, increased accountability and transparency, a greater likelihood of organizational success, and – ultimately – competitive advantage, as borne out by many studies that correlate risk management and financial results.

Description: Explains the more granular breakout of bond RBC factors proposed to the NAIC. Evaluates alternative asset allocation choices for insurers under the new rules.

Description: Update on section activities.

Description: February/March 2009 Volume 6 Issue 1 Bi-Monthly membership benefit magazine

Description: Update on activities in the Smaller Insurance Company Section

Description: An edited written interview with two actuaries and a public health professional on issues related to the intersection between the two fields.

Description: Charitable activities of a retired actuary--planting fruit trees in developing countries to feed people, create jobs and benefit the environment

Description: discussion of the budgeted income projections for the Society of Actuaries for the 1981-1982 fiscal year and the resulting need for dues and fee increases.