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: Discusses the controversy regarding how the RBC measurements should be used, which impacts another controversy regarding whether or not the formula should be more detailed.

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: This article discusses value at risk, VaR, and VaR modeling of the bank's portfolios that would recognize diversity and hedging. This article also covers the differences between classical VaR and the longer horizons required by the insurance industry and the feasibility of extending VaR to the insurance industry.

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: Long term strategic planning may not be popular but is more effective in dealing with emerging risks.

Description: Graph 1 - Asia Excluding Japan Life Insurance Premium Income 2003 Excl. Accident and Health

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

Description: Feature article describing more realistic stages of risk and how to manage each stage. From The Actuary Magazine, Dec 2009