Description: Many top-performing businesses aren’t just risk aware, but rather risk intelligent. Such a posture helps prepare companies for a major event and can demonstrate to a regulator or auditor that an appropriately strong control framework is in place. Better still, companies gain real strategic value from a “risk adjusted” understanding not only of their threats and vulnerabilities, but also the upside opportunities associated with various risks. It starts with having both qualitative and quantitative information to identify, assess and manage risks. Strategic risk management, at its core, is about creating value by increasing transparency and accountability, and quality of information. More than a mere compliance exercise, effective risk management enables more informed strategic decision making, increased accountability and transparency, a greater likelihood of organizational success, and – ultimately – competitive advantage, as borne out by many studies that correlate risk management and financial results.

Description: A discussion of the insurance industry in Tanzania, including the IAA meeting held in Africa in 1998, marketing efforts in the industry, history of the industry,.

Description: discussion of the experiences of an actuary who presented a lecture in China

Description: Educational trip whereby Columbia Students visit with 26 insurance and reinsurance organizations over a 4 day period in 2014.

Description: A call for mentors.

Description: The author describes her experience as an actuarial student living in Hartford, Conn.

Description: Read the January 2020 issue of Actuary of the Future, published by the Actuary of the Future Section. Newsletters provide practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: This column highlights the recent activities of the Society of Actuaries and lists professional development opportunities.

Description: In the Leadership & Development Section’s Leadership Inspiration Contest, entrants were asked to tell us what inspired them to be a better actuarial leader. Carlos Arocha submitted an entry from the “Defining Moment/Event” category.

Description: A compilation of reader responses is presented to a real life situation posed involving a management, leadership, or other business decision. This issue’s case study involved whether a recently departed employee should be offered the chance to return, and whether he should consider it.