Description: This presentation is a lecture, session number 8L, from the 2004 Spring Meeting of the Society of Actuaries, held June 14-15 in San Antonio, TX. The speakers discuss the increased competition in the financial services industry for risk-management roles, decreased influence of actuaries in the insurance world, increased criticism of actuarial techniques in the media and press e.g., pensions, and how the actuarial profession is reacting. Discussion from participants is included. From the Record of Society of Actuaries, Volume 30, No. 2.

Description: 2004 SOA Spring Meeting, Anaheim, CA. This session was about various alternative skills that actuaries might need such as business acumen, communication skills, asset knowledge, knowledge of broader financial markets, and knowledge of corporate operations.

Description: This presentation is a panel discussion, session number 35PD, from the 2002 Valuation Actuary Symposium, held September 19-20 in Lake Buena Vista, FL. The panelists discuss integrating the risk management function within an enterprise, where the concept involves evaluating, monitoring, controlling, and mitigating risks across the entire insurance company. Topics include quantification of risk exposures, including insurable and financial risk, nonfinancial or operational risk, and modeling risk on a company-wide basis. They discuss how a company might go about setting up a risk management process and what companies are really looking to accomplish. They also discuss the Society of Actuaries goal to make risk management a regular part of actuarial practice through development and improvement of educational materials for actuaries, and through the advancement of the actuarial profession in risk management. Discussion from participants is included.