Description: The article summarizes the SOA survey conducted of risk professionals regarding their understanding of important risk terms. The results contain perceptions by individuals and also firm-level information. Survey responses clearly demonstrated high differences in risk definitions.

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: This is an editorial article on risk management books.

Description: This roundtable discussion focuses on to what extent the life insurance industry has adopted ERM practices.

Description: This article discusses the state of risk management practice in the banking industry in the Middle East. Risk management in the Middle East is complicated by data quality problems and corporate governance issues.

Description: Part 2 of a six-part series on the evolution of risk management continues with this article on dynamic financial analysis.

Description: Several years into the Risk Based Examination process, the NAIC now is working to augment that process with a significant new risk related regulation requirement for U.S. insurers. This article explores ORSA, or Own Risk and Solvency Assessment.

Description: Final installment of a series on the evolution of risk management with a close look at high profile failed corporations.

Description: The second part of a panel discussion on the changes ERM is creating in the actuarial and business worlds. This first part of this discussion appeared in the December/January issue of The Actuary. Topics covered included: the difference between ERM now and risk management of the past, the transformation of the CRO role due to ERM and more. You can find the first part of this series on the SOA Web site at: www. soa.org, Research & Publications, The Actuary Magazine, December 2005, ERM's Wave of Change: Part I.

Description: This is a synopsis of a report that actuaries have been participating in regarding insurer risk assessment for solvency purposes.