Description: How insurers can include a liquidity score and liquidity stress scenarios as part of their asset liability management (ALM) protocol.

Description: This article will examine four approaches under two different methods (eight in total) used to combat the non-additivity of key rates and will compare them under a number of rate environments.

Description: This article discusses the risk management skills and aptitudes needed for the future.

Description: This article discusses the risk management approaches of insurers. The author described some of the current practices of the total return approach, how the total return approach is used in managing risks as a process, and a model that takes future sales into consideration and determines the appropriate fair valuation method of an ongoing business.

Description: Article from Risk Management Newsletter, July 2005, Issue 5 discusses an international initiative involving leading universities and professional organizations. In the current, all-out race for “ERM leadership,” a consortium of leading universities and professional organizations worldwide has taken action to jointly sponsor the ERM Institute International, Ltd. (ERMII)—a nonprofit educational and research organization with a focus on education, research and training in the ERM conceptual framework, quantitative methods and tools, and best practices.

Description: This article highlights 13 attributes shared by various groups of companies that landed in trouble. The companies are identified, and the attributes are described.

Description: Wayne Fisher discusses what it takes to successfully embed ERM in a firm, the development of models and setting parameters, and the importance of research.

Description: We can do a better job of communicating the degree of "riskiness" that is inherent in our models of risk. The "Coefficient of Risk" is one way to present fatness of model tails in simple terms using widely understood basic concepts.

Description: Read the August 2016 issue of Risk Management published by the Joint Risk Management Section. Newsletters provide practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: This article describes methodologies for detection and deterrence of Medicare fraud. It also describes the validation of PRIDIT for fraud detection in Medicare.