Description: Feature article that discusses the importance of developing a risk tolerance statement.

Description: This article discusses four approaches to managing the enterprise-wide risk: Diversification, Loss Controlling, Risk Trading and Risk Steering.

Description: Own risk and solvency assessment (ORSA) is emerging as a requirement for insurance companies in many countries. Enterprise risk management is also being used in banking and other industries. This provides an opportunity for actuaries to expand further into other industries, especially with the CERA credential.

Description: background history of the insurance industry and the role of actuaries within it, followed by the current environment and anticipated future environment.

Description: The editorial cautions that while the development of more sophisticated models may increase efficiency, it is important to consider the very real risk management costs associated with the increased complexity, efficiency and overconfidence in the predictive power of models.

Description: Editorial for the October/November 2012 edition of The Actuary magazine discussing risk and uncertainty as two different concerns.

Description: Defines and discusses operational risk as it exists in every industry, especially as it exists in the financial services industry.

Description: The author compares and contrasts methodologies used for value investing and enterprise risk management.

Description: The author discusses how sustainable enterprise risk management (SERM) is valuable for insurance companies and how actuaries can contribute to its development.

Description: Companies need to learn to plan for uncertainty by taking into consideration downturns, not just an environment of moderation and occasional booms.