Description: Chairperson's Corner from Risk Management, July 2006, issue 8. Ths chairperson's corner highlights the new nickname for the Risk Management section, ERMAP, which stands for Enterprise Risk Management Actuarial Professionals, the 2006 ERM Symposium, the annual face-to-face section council meeting and a variety of special risk management projects that the section is either leading or is a significant partner.

Description: The international risk management community is now being served by two professional organizations, the Global Association of Risk Professionals GARP and the Professional Risk Managers' Association PRIMIA. The article describes both professional organizations.

Description: The author notes that “insurance companies have been in the business of risk management for hundreds of years. The latest trend towards risk management in banks is both new to insurance companies and very old hat—new because it applies new techniques at least new to the last half century and old hat because many risk management techniques are so old hat to insurance companies that they are almost unconsciously performing them.”

Description: This report provides highlights of a weekly survey of practices regarding the mitigation of the spread of COVID-19 in the U.S. during the week ending December 5, 2020 along with a summary for the month of November. The survey asks about the degree to which the respondents perceive that people in their community are following 21 common mitigation practices. The responses are separated by state and compared to state level statistics regarding the level of COVID-19 infections from the Johns Hopkins COVID database for the same time period.

Description: If your organization’s objectives involve taking on other people’s risks, you need some pretty complicated goals for your risk taking: diversification, risk selection, control cycle, consideration and provisioning.

Description: Financial regulators, rating agencies and many commentators have blamed weak Risk Culture for many of the large losses and financial company failures of the past decade. But their exposition regarding a strong Risk Culture only goes as far as describing a few of the risk management practices of an organization and falls far short of describing the beliefs and motivations that are at the heart of any culture. This discussion will present thinking about how the fundamental beliefs of Neo Classical Economics clash with the recommended risk practices and how the beliefs that underpin Enterprise Risk Management are fundamentally consistent with the recommended risk management practices but differ significantly from Neo Classical Economics beliefs.

Description: Full version of Risks and Rewards Newsletter, February 2001, Issue No. 36.

Description: In it’s insurance capital model, Standard & Poor’s Ratings Services has established criteria to adopt the NAIC’s stochastic approach to variable annuity risk. This approach, which replaces existing static charges, better reflects the products’ risk.