Description: Patenting in the insurance business has developed into a robust discipline. Insurance company management and legal counsel must consider a variety of issues involving intellectual property rights.

Description: Risk Management and Actuaries—SOA Risk Management Task Force Update

Description: There is widespread acknowledgement in the insurance industry that cyber risk remains an untamed and seemingly ever-growing beast. It is also unique in the family of risk exposures faced by insurers in that it is both an emerging risk and an emerged risk. What are companies doing to keep on top of this risk? What are actuaries doing to contribute to cyber risk management, and what can we learn from other industries and disciplines?

Description: The Chair of the Smaller Insurance Company Section discusses several topics including our global economy and how economies are interrelated, disaster recovery plans, and the appropriate diversification of risk.

Description: The future for risk management is bright. Regulators and managers are recognizing the importance of risk management as a way to minimize losses and improve business performance.

Description: This article provides some insights into risk appetite and how it relates to ERM.

Description: This article describes the financial modelers’ manifesto. Focus is on how difficult it is to model financial instruments when there is a human element involved.

Description: This article discusses the reliance the banking industry placed on sophisticated mathematical models.

Description: Description of the increased gamma of the liabilities of a portfolio of variable annuities. Discussion of the sensitivity of gamma due to changes in policyholder behavior.