Description: Description of new regulatory risk disclosure for private fund advisers.

Description: This article provides an analysis of Value at Risk VAR and its advantages and limitations as a tool for assessing and quantifying market risk. The article originally appeared in the August 1997 issue of Financial Engineering News and is reprinted with permission.

Description: There are two major categories of risks that are unique in international business- currency exchange rate risk and country risk. Currency exchange rate risk includes transaction exposure, translation exposure, and economic exposure. Country risk contains political risk and economic risk. There are a few different methods to hedge currency exchange rate risk and country risk also discussed in the article. Before you decide to invest in a certain country’s market, ensure you understand the currency exchange rate and political risks associated with the investment by performing due diligence on the country’s economic, political and cultural condition.

Description: This article discusses risk transfer and how difficult it is to define and describe. For actuaries, the challenge is to develop an analytical framework under which the presence of insurance risk can be identified and assessed.

Description: This study note focuses on actuarial applications and loss distributions for insurance products.

Description: Read the February 2017 issue of Risks and Rewards published by the Investment Section.

Description: The author provides an overview, from a banking perspective, of Value at Risk VAR and its use as a risk management tool. This article originally appeared in the August 1997 issue of Financial Engineering News and is reprinted with permission.

Description: This report reviews the academic literature on risk aggregation and diversification as well as the regulatory approaches. We will point out the advantages and disadvantages of the different approaches with a focus on model risk issues.

Description: When a life insurance company changes its basis for computing tax reserves, a special 10-year spread rule found in section 807(f) of the Internal Revenue Code applies to the change. But, what happens if the statutory accounting for original issue discount (OID) or bond premium changes? A discussion follows.

Description: Derives appropriate hedge ratios for CPPI strategies, taking into account discrete hedge times and market dislocations (gap risk).