Description: The Observatoire actuariel de la crise du coronavirus (Actuarial Observatory of the Coronavirus Crisis) is a unique initiative of the Institut des actuaires (Institute of Actuaries) consisting of the establishment of a process of qualitative sociological surveying during the confinement and the two weeks following it. Implemented by a PhD sociologist, the Actuarial Observatory of the Coronavirus Crisis aimed to collect, in real time, the perceptions and analyses of actuaries, women and men of all generations and from all professional backgrounds, of this unprecedented crisis. Its first report reproduces the observations made with respect to operational matters: • How did the companies continue to operate? • What are the consequences for the sectors? • How will they manage the induced risks? • What are the expectations for the future?

Description: The Chairperson of the section talks about how members can participate and make a difference in the section.

Description: Much of enterprise risk management has its roots in portfolio management and corporate finance. The concepts of trading off risk and return and benefits of diversification are well understood and articulated in both the actuarial and economics fields, so I don’t believe there are significant knowledge gaps preventing actuaries from contributing to the field. In fact, actuaries may have an advantage in many situations where a large part of a firm’s overall risk arises from pension activities or other more typical actuarial risks.

Description: This Chairperson's Corner article discusses the SOA becoming the pre-eminent risk management profession. The Chairman's message is that actuaries have the inside track on risk management positions in the insurance industry and have a basis for competing for similar positions in the broader financial services industry.

Description: This article is a recap of the 2010 ERM symposium and the paper awards.

Description: In this article the author discusses the many hats an actuary wears and how risk management comes to play in each one. The roles discussed: 1. Pricing actuary. 2. Catastrophe modeling actuary. 3. Ceding reinsurance actuary. 4. Corporate actuary. 5. Loss reserving actuary. 6. Predictive modeling actuary. 7. Marketing actuary. 8. Underwriting actuary. 9. Investment actuary.

Description: This article is about the annual call for ERM-related research papers that present the very latest in ERM thinking and move forward principles-based approaches. The call discussed in this article was issued in October 2005 and attracted nearly 30 entrants, from which there was one winner and eight more that were selected for presentation at the 2006 ERM symposium. They were listed in the article and can be found, along with the 20 other entrants on the ERM Symposium Web site at: www.ermsymposium.org.

Description: In this article, the editor talks about the contents of this issue of the Risk Management Newsletter. Also mentioned are the three categories the newsletter tries to cover 1. Risk Identification, 2. Risk Response, and 3. Risk Culture & Disclosures.

Description: The author points out how being an enterprise risk manager can give an actuary a broader view of the direct marketing business. The actuary should not just be managing marketing risk, but many other risks of the business.

Description: The editor of the Risk Management newsletter summarizes the articles in this issue which cover Enterprise Risk Management, Systemic Risk and Variable Annuities.