Description: An illustrative deterministic scenario if shown in this chart. Customer service quality decreases noticeably in the new annuity product line. This chart is from an article in The Actuary magazine entitled Value-Based Enterprise Risk Management.

Description: Panelists: [1] provide an overview of embedded value [EV] and appropriate assumptions, and a comparison with fair value [FV], [2] discuss the various stages of management usage of EV, and [3] review a company's recent actual use of EV across products and for the purpose of determining optimal product mix. From the 2002 Record of Society of Actuaries, Volume 28, No. 3. Session 91PD of the Boston Annual Meeting.

Description: The author discusses and provides an example of how some companies’ enterprise risk management (ERM) programs are designed and implemented in ways that can unwittingly weaken the organization.

Description: The author encourages actuaries to improve their communication skills and gives tips for doing so.

Description: This table reflects the results from an SOA survey. From the article, "Protecting the Future Image of the Actuary" by Sim Segal featured in The Actuary Magazine, February 2005.

Description: This is an article about how our business environment has changed and how actuaries must evolve in order to retain their value to employers.

Description: One year ago, in my first of four issues as editor, I pledged to try to provide at least one article in each of the five topic categories that are the focus of our section. The five categories are: Management 1. People management (leadership, recruiting, etc.) 2. Business management (decision-making, etc.) Personal Development 3. Career development (marketing yourself, interviewing, etc.) 4. Communication skills (presentations, writing, listening, etc.) 5. Interpersonal skills (negotiation, influence, etc.) From The Stepping Stone, January 2005, Issue No. 17.

Description: The focus of this article is that while Economic Capital can be a valuable component of the ERM process for insurance companies, an over-emphasis on EC, to the point of neglect of other steps in the ERM process, can reduce the effectiveness of an ERM program.

Description: In this article, the editor talks about the contents of this issue of the Risk Management Newsletter. Also mentioned are the three categories the newsletter tries to cover 1. Risk Identification, 2. Risk Response, and 3. Risk Culture & Disclosures.

Description: Changing Roles by Sim Segal from The Stepping Stone Newsletter, April 2004, Issue No. 14.