Description: This article explores the impact of the tsunamis which hit the shorelines of nine countries in Southeast Asia on December 26, 2004.

Description: 2011 ERM Symposium, Chicago. This is the abstract of the entitled paper.

Description: This session explores where financial engineering is applied, who is “leading the charge,” and what are the current and future roles of actuaries. From the Record of the Society of Actuaries, Volume 27, No. 2, Session 55PD of the Toronto Spring Meeting.

Description: Note developed by the IAA for insurers to support the ERM Standards and Guidance materials developed by the International Association of Insurance Supervisors for supervisors.

Description: This paper identifies some of the special ERM considerations that a corporation which has employees who are members of a multi-employer pension plan, MEPP, should include in its ERM program. The focus of the paper is on the MEPP as an entity and tools to be used in its ERM. From 2006 Enterprise Risk Management Symposium, M-AS06-1.

Description: With the possible exception of full faith and credit debts of the United States, every loan carries some risk with it regardless of the borrower, and this risk varies depending on the creditworthiness of the person or institution that is supposed to repay the debt. Bearing that risk requires some sort of capital, both as a legal requirement and as evidence of good sense in lending, but recently we seem to have forgotten the basic relationship between a loan and the capital associated with it. The lesson of the current debacle is, or certainly ought to be, that the risk inherent in a financial transaction cannot be made to go away by the mere act of repackaging that transaction and renaming it.

Description: Chief actuary of the California Insurance Department provides excerpts from a paper he presented his personal views to the Actuarial Research Conference in October 1986. He states that the regulators need to be aware of a deteriorating financial condition of an insurer in time to protect its policyholders from the consequences of insolvency.

Description: 2011 SOA Enterprise Risk Management Symposium, Chicago. This paper reviews a risk management theory that deals with correlated, non-normally distributed factors, and then applies risk management techniques to the U.S. steel industry using futures contract hedging.

Description: This session 26PD of the Dallas Spring Meeting discusses the soon-to-be-released findings of this working group. The survey presented includes life, P/C, and multi-line companies as well as a comparison to practices in the banking industry and European insurers. This is a repeat session. Please see the Record Volume 27, No 2 of the Toronto Spring Meeting for details of this session.

Description: This report examines the subprime mortgage crisis and related financial consequences from the perspective of the insurance company.