Description: The CRO Forum addresses this topic from an insurance industry perspective and will focus on the implications of the crisis on Enterprise Risk Management and regulation in the industry as a whole.

Description: Looking at emerging risk through the framework of complex systems enables risks to be understood better, seen earlier, and managed more effectively.

Description: In this article, the author compares risk identification to the computer game, FreeCell.

Description: This article focuses on how a risk appetite framework can help a company manage the “three-headed monster” and why a risk appetite framework is critical to effective business and risk management at both the corporate and product levels.

Description: Actuaries can apply their technical expertise and enterprise risk management ERM skills to become leaders in ERM practices across industries, especially if they maintain a clear focus on developing their leadership roles.

Description: A collection of essays written on the current financial crisis, lessons learned and future implications.

Description: With the possible exception of full faith and credit debts of the United States, every loan carries some risk with it regardless of the borrower, and this risk varies depending on the creditworthiness of the person or institution that is supposed to repay the debt. Bearing that risk requires some sort of capital, both as a legal requirement and as evidence of good sense in lending, but recently we seem to have forgotten the basic relationship between a loan and the capital associated with it. The lesson of the current debacle is, or certainly ought to be, that the risk inherent in a financial transaction cannot be made to go away by the mere act of repackaging that transaction and renaming it.

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.