Description: Sponsors of DB plans are being forced to focus on their plans as never before. A confluence of events—market downturn, aging workforce and changing legislation/regulation—has meant the status quo no longer applies to companies’ DB plans.

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

Description: This article discusses how to find the right Enterprise Risk Management strategy for a company. The authors assert that ERM effectiveness ultimately resides with people through collaboration, wisdom and judgment.

Description: Actuaries are accustomed to considering how much conservatism is appropriate in their estimates, whether made for pricing or for mea- surement of liabilities. In the proposals for a new standard on accounting for insurance contracts, this conservatism is referred to by the International Accounting Standards Board IASB and the Financial Accounting Standard Board FASB of the United States as the risk adjustment.

Description: The authors introduce an alternative to Tail Contribution Analysis TCA for analyzing business segments and strategies called Economic Profit Analysis EPA. They discuss EPA’s key feature, “volatility replication,” an intuitively appealing process of building investor expectations and capital market information into the risk-and-return measurements used to evaluate strategic decisions. Finally, they illustrate the benefit of using EPA in overcoming the problems of TCA and thereby providing concise reliable information for business decision making.

Description: Fact sheet that defines ERM, provides a brief history, discusses the role of the actuary in ERM and the importance of organizations implementing an ERM framework.

Description: This article discusses scenario generators to price or value insurance products.

Description: Discussion of an inaugural survey of the International Network of Actuarial Risk Managers to identify their view of the top five emerging risks.

Description: Chairperson's Corner is the introduction to the JRMS newletter.

Description: The winners of the Investment Section's 2016 Asset Allocation Contest are announced, along with a recap of the contest and market performance.