Description: Article from Risk Management Newsletter, March 2006, No. 7 is the Chairperson's Corner and highlights the past, present and future activities of the Risk Management Section, who recently turned two years old.

Description: Article from Risk Management Newsletter, March 2006, No. 7 on Standard & Poor's Enterprise Risk Management evaluation of insurers. In October 2005, Standard & Poor’s Ratings Services announced a new addition to the analysis process that leads to the ratings of insurers: Enterprise Risk Management ERM evaluation criteria.

Description: This article discusses the idea of using management instead of incentive comp to motivate employees.

Description: Enterprise risk management (ERM) needs to be seen in perspective of other management priorities and is not first in the hierarchy of corporate needs.

Description: The author discusses using a simple process for risk management.

Description: There are many ways to perform Risk Management. For an ERM system to be effective its objectives need to match up with what management wants. But most ERM systems do not have an explicit objective. Part of the essay collection "Risk Metrics for Decision Making and ORSA"

Description: A new reason for the inherent instability of the insurance business can be found in the literature of anthropology. The theory of plural rationalities, also known as Cultural Theory of Risk or simply Cultural Theory, posits that the world is populated by people with four fundamentally different attitudes toward risk. Presented at 2010 Enterprise Risk Management Symposium, Society of Actuaries, April 12-15, 2010.

Description: When companies engage in risk management activities, they can be seen as modifying their distributions of future outcomes. Often, this takes the form of trading off a sure cost for a decrease in some potential risk of loss. Companies may carry out these activities with several goals in mind, such as reduction in earnings volatility or preservation of capital. This paper will demonstrate a method for evaluating possible strategies by dividing the effects on costs and risks into three tranches: earnings, impact and estate. The tranches can be associated with different interests of the various stakeholders. This trifurcation analysis can help to explain the risk-reward trade-offs of different risk treatment alternatives and can aid in risk-related decisionmaking.

Description: This article discusses how the risk model, is an attempt to see the world in a much more realistic way.

Description: This article discusses INARM and its function on the web.