Description: This abstract describes a presentation that describes the Society of Actuaries’ new research strategy and recent research projects.

Description: This abstract describes a presentation that describes the Canadian Institute of Actuaries’ University Accreditation Program, whose goal it is to provide exemptions for some preliminary examinations while maintaining the strong standards of the exam-based entrance to the actuarial profession.

Description: In a well-designed enterprise risk management (ERM) program, the firm integrates risk management into the strategic planning process, addressing strategic risk, financial risk, operational risk and hazard risk under a single overarching process. This is particularly important to large financial firms, such as property and casualty (P&C) insurers, which face a diverse set of risks. In contrast to previous studies that document a significant product line and geographic diversification discount relative to more focused competitors, our analysis suggests that firms with effective ERM programs exhibit a performance premium. Using the Standard and Poor’s (S&P) ERM ratings from 2006 to 2012, we find that product line diversification has a significant positive effect on value for more diversified firms with well-implemented ERM programs, as compared to those with weak ERM.

Description: In a well-designed enterprise risk management (ERM) program, the firm integrates risk management into the strategic planning process, addressing strategic risk, financial risk, operational risk and hazard risk under a single overarching process. This is particularly important to large financial firms, such as property and casualty (P&C) insurers, which face a diverse set of risks. In contrast to previous studies that document a significant product line and geographic diversification discount relative to more focused competitors, our analysis suggests that firms with effective ERM programs exhibit a performance premium. Using the Standard and Poor’s (S&P) ERM ratings from 2006 to 2012, we find that product line diversification has a significant positive effect on value for more diversified firms with well-implemented ERM programs, as compared to those with weak ERM.

Description: This abstract describes a presentation that provides an update on the education activities of the Society of Actuaries.

Description: This abstract describes a presentation that gives an appreciation of the Fellowship Admission Course.

Description: This abstract describes a presentation that provides an opportunity for MLC teachers to discuss various issues arising from the new MLC examination syllabus.

Description: This abstract describes a presentation that shares thoughts on being or becoming a Center of Actuarial Excellence school.

Description: This abstract describes a presentation that discusses various knowledge goals, student characteristics and techniques used to reach students.