Description: Initiated by the Financial Reporting Section, this paper explores rising interest rates. Following this path, the paper will look at implications of interest rate changes for the life insurance industry, current stress testing practices, and how a risk manager can proactively prepare for an uncertain future. A paper published in 2014 focused on why rates could stay low, and some aspects of this paper are similar (e.g., description of insurance products). This paper also uses a sample model office to help practitioners look at their own exposures. It includes typical interest-sensitive insurance products and how they might perform across various scenarios, as well as a survey to establish current practices for how insurers are testing interest rate risk currently.

Description: A research report that first defines ERM and provides the results of an applicable literature search with hyperlinks and then describes the current state of Enterprise Risk Management practices for health organizations. Areas covered: 1. Operational Risks. 2. Balance sheet risks. 3. Pricing discipline. 4. Asset risks. 5. Learnings. 6. Emerging risks.

Description: Demographic challenges due to longevity increases and low fertility rates will lower economic growth as measured by GDP. By deconstructing GDP growth between population and productivity growth the article describes the problem and presents potential solutions. The article builds off an SOA research paper published in November 2023, Demographics and Productivity: Drivers of Economic Growth.

Description: The goal of this paper is to examine similarities between value investing and enterprise risk management (ERM) methods.

Description: Full version of Health Section News, Issue No. 54, January 2007.

Description: Emerging risks surprise us, they sneak up on us, and after they occur everyone wonders why we didn’t anticipate them in the first place. Hindsight is, indeed, 20/20. Try to recall how often you thought about the likelihood of the most recent financial bubble or a recent natural disaster prior to its occurrence. Even if you were aware of it and wanted to take action, the markets were unlikely to recognize the risk

Description: Summarizes a research paper considering insurer performance during the financial crisis, with actions and circumstances that improved results highlighted.

Description: These essays focus on unknown known where we have data but the future looks different from the past.

Description: This call for essays where encourages authors to identify data sets or historical patterns of experience that are not predictive because something has changed.

Description: This article discusses that while life style funds make sense for some, a growing minority of individuals successfully make their own investment decisions. It points out that these options should be kept available and that if proper education is provided the informed investor population would grow.