Description: Realizing the impact of medical errors on the U.S. health care system, the Health Section commissioned a research project to measure the annual frequency of medical errors and their total measurable direct and indirect cost to the economy.

Description: This is the abstract for the paper on what the vital features of an economic scenario generator are.

Description: The abstract for the paper The Importance of Being Transparent: Theory and Implementation Specifics for an Integrated Risk Measurement Model for P&C Companies.

Description: The abstract for the paper The Economic Capital and Risk Adjustment Performance for VA with Guarantees with an Example of GMAB.

Description: Recent trends in mortality suggest that future gains in life expectancy will occur after age 80. This fact stresses the need and the importance to obtain precise measures of mortality at the highest ages, which are always subject to uncertainty due to misreporting of age at death.

Description: The abstract for the paper Integrated Risk Measurement for Portfolio of Various Assets at Continuous Time Horizons.

Description: This abstract describes a study that presents a hypothetical example of a UK term annuity firm and studies its solvency over the period 1985-2010 under various economic capital calculation approaches.

Description: The abstract for the paper Integration of Financial Risk with Efficiency Measurement: Case of Summer 2006 in Electricity Sales Business in Poland.

Description: In many countries, insurers and banks are separately regulated. In some countries, banks and insurers are not allowed to be part of the same conglomerate and share capital. This raises questions about the efficient use of capital and return on equity to shareholders. This is the abstract of an empirical study that views economic capital from a solvency perspective with the focus on downside risk. The key question addressed is 'What efficiencies, if any, are gained by allowing banks and insurers of different types to merge and thus share capital.' We examine to what degree bank and insurer performances have been correlated historically, especially in the downside tail. This case study is based on Canadian banks, life insurers and property-casualty insurers.

Description: This monograph was presented at the 2011 Enterprise Risk Management Symposium, held March 14-16 in Chicago. The author, noting that ‘strategy is a source of risk to the firm and thus ought to be included within enterprise risk management [ERM], enterprise risk analysis and measurement of the firm’s value, proposes a detailed framework in which strategic considerations can be incorporated into a quantitative model of the firm. Abstract only.