Description: This article discusses four approaches to managing the enterprise-wide risk: Diversification, Loss Controlling, Risk Trading and Risk Steering.

Description: The author suggests that true actuarial method is a blend of all three modes of thinking, clinical, statistical and heuristic, and using all three early in our processes will make us smarter modelers. From The Actuary, February 2012, Volume 9, Issue 1.

Description: Feature article describing more realistic stages of risk and how to manage each stage. From The Actuary Magazine, Dec 2009

Description: Feature article discussing how ERM needs to expand to cover the many different attitudes toward risk.

Description: Enterprise risk management (ERM) needs to be seen in perspective of other management priorities and is not first in the hierarchy of corporate needs.

Description: Full version of The Actuary Newsletter Volume 37, Number 6 - June 2003

Description: This article discusses new developments on the regulatory front. Under the new agreement, insurance company management and boards will be required to issue a statement that reflects their judgment about the firm’s viability, including its capital adequacy. The required opinion will have five elements - identifying risks, measuring risks, a risk feedback loop, a risk tolerance statement, and a risk policy.

Description: An exchange of ideas between David Ingram and Jesse Hobbs about the stages of risk.

Description: If your organization’s objectives involve taking on other people’s risks, you need some pretty complicated goals for your risk taking: diversification, risk selection, control cycle, consideration and provisioning.

Description: The series finale on thinking and decision making, this article explores when actuaries should use a heuristic or systems analysis method of decision making.