Description: Many ERM programs fail to include an active step of actual risk treatment and are therefore rightfully characterized as Entertainment Systems. Real ERM will use risk assessment to drive decisions about risk acceptance and risk mitigation. Entertainment systems use risk assessment to create reports and to hold discussions. No actions are taken often because ERM is not empowered to do anything.

Description: This article will evaluate two different novel techniques for approximating change in value of a portfolio due to the change in the interest rates that do not rely on the industrywide ALM metrics. These approaches use deterministic runs created to understand the range where ALM metrics could be relied on and one of these techniques could be more superior to the use of key rates for managing one’s portfolio when they are used in approximating value change for a change in interest rate.

Description: An update on the activities of the JRMS Council.

Description: Hear from the editor’s on the August 2016 issue of Risk Management published by the JRMS.

Description: Update on issues, priorities and key messages from the Joint CAS / CIA / SOA Risk Management Section Council.

Description: The article explores the possibility of using the emerging technology for life insurers to build a monitor system for better risk and profitability management.

Description: This article discusses challenges in achieving ERM stakeholder buy- in and ways to improve stakeholder engagement.

Description: The 1st in an on-going series of candid conversations with Chief Risk Officers on the critical issues facing the insurance industry.

Description: Hear from the editor’s on the March 2017 issue of Risk Management published by the JRMS.