Description: Many top-performing businesses aren’t just risk aware, but rather risk intelligent. Such a posture helps prepare companies for a major event and can demonstrate to a regulator or auditor that an appropriately strong control framework is in place. Better still, companies gain real strategic value from a “risk adjusted” understanding not only of their threats and vulnerabilities, but also the upside opportunities associated with various risks. It starts with having both qualitative and quantitative information to identify, assess and manage risks. Strategic risk management, at its core, is about creating value by increasing transparency and accountability, and quality of information. More than a mere compliance exercise, effective risk management enables more informed strategic decision making, increased accountability and transparency, a greater likelihood of organizational success, and – ultimately – competitive advantage, as borne out by many studies that correlate risk management and financial results.

Description: Many top-performing businesses aren’t just risk aware, but rather risk intelligent. Such a posture helps prepare companies for a major event and can demonstrate to a regulator or auditor that an appropriately strong control framework is in place. Better still, companies gain real strategic value from a “risk adjusted” understanding not only of their threats and vulnerabilities, but also the upside opportunities associated with various risks. It starts with having both qualitative and quantitative information to identify, assess and manage risks. Strategic risk management, at its core, is about creating value by increasing transparency and accountability, and quality of information. More than a mere compliance exercise, effective risk management enables more informed strategic decision making, increased accountability and transparency, a greater likelihood of organizational success, and – ultimately – competitive advantage, as borne out by many studies that correlate risk management and financial results.

Description: IACA, and IAA Section has a key role to play at ICA, held only every 4 years. This feature gives you a flavour of IACA highlights in Berlin, June 2018.

Description: At this luncheon session, the winning papers from the 1990 Society of Actuaries Health Section's research paper competition are presented. The two winning papers are: 1. 'The Natural Limitations of Health Care Trend: A Paper Concerned with Methodologies of Determining Trend Assumptions for Retiree Health Costs' by Jeffrey P. Petertil, and 2. 'Modeling Flexible Benefit Selection' by Charles S. Fuhrer and Arnold F. Shapiro. From the Record of the Society of Actuaries Vol. 17, No. 3B.

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