Description: The goal of this paper is to study how a full-range tail dependence copula would be useful in assessing tail risks in a regression setting.

Description: This paper discusses a theoretical framework for Enterprise Risk Management, risk dynamics within property-casualty insurance companies, empirical findings on widely used risk models, and examples of effective risk models.

Description: The Casualty Actuarial Society, Canadian Institute of Actuaries, and the Society of Actuaries' Joint Risk Management Section and the Joint Risk Management Research Committee are pleased to make available a new report on the application of ERM. Authored by Bonnie-Jeanne MacDonald, Sim Segal, Michael Wolfson and Heidi Walsh, the report provides a novel demonstration on how ERM can be applied to serve the Canadian public by informing decision makers on the risks facing the current and future delivery of long-term care.

Description: This is the key findings research report for the fifteenth Emerging Risk Survey

Description: Emerging Risks Survey: Guide for Use

Description: The Committee on Finance Research is pleased to make available a research report summarizing the results of a survey exploring market risk practices at insurance companies.

Description: This paper explores areas where fuzzy logic models may be applied to improve risk assessment and risk decision-making. It discusses the methodology, framework and process of using fuzzy logic systems for risk management. With the help of practical examples, it is hoped that it will encourage wise application of fuzzy logic models to risk modeling.

Description: This research study was designed to answer the following questions: 1. What are the most commonly occurring risk categories? 2. What are the most commonly occurring risk subcategories? 3. What are the most commonly occurring individual risks? 4. Which individual risks tend to make front-page news? 5. Which risks generate the most extensive coverage in the form of repeat articles? The scope was defined as significant downside risk events experienced by Canadian nongovernmental organizations as reported in the first 10 pages of either Section A (Front) or Section B (Report on Business) of The Globe and Mail in a 2012 weekday (Monday-Friday) edition, as recorded in their online archives (“GlobeArchives”).

Description: This is report summarizes the results of a Joint Risk Management Section sponsored study on negative interest rates and the insurance industry.

Description: The Society of Actuaries announces the release of a new report that will provide a resource for the insurance industry to learn about image recognition technology. Authored by Kailan Shang, the report explores the current status of image recognition technology, models for image recognition, and various possible applications of image recognition to insurance.