Description: Article from Risk Management Newsletter, March 2006, No. 7 highlights the results of the Risk Management Investor survey. Ernst & Young LLP is conducting a series of surveys around risk, exploring attitudes toward risk and its management, comparing viewpoints across key stakeholder groups including investors, senior executives and audit committees.

Description: This article is based on the author's discussions with many executives of insurance companies regarding the challenges and limitations in ERM at its current state of evolvement. The following areas need to be addressed and improved on, in the author's opinion, to 'take ERM to the next level': 1. Reconciling Risk Concerns of Creditors and Shareholders. 2. Managing of Operational Risk. 3. Execution Risks. 4. Producing Credible and Useful Risk Adjusted Performance Measures. 5. Aligning Performance Metrics with Management’s Performance Measurement Philosophy.

Description: The purpose of this article is to provide a high level summary of the paper “Variance of the CTE Estimator” by B. John Manistre and Geoffrey H. Hancock that appeared in the North American Actuarial Journal in 2005. The authors also expanded on some of the results.

Description: This article addresses the difficulties of risk modeling in a poor economic environment. The problems include imperfect vendors of data, facing events that have never occurred before, unpredictable consumer behavior, conflicting data sources, and AAA credit doesn't always mean AAA.

Description: In this article, the incoming chairperson of the Section addresses the readership about the credit crisis and asks whether opportunities exist for actuaries to play a larger role in risk across the board.

Description: This article discusses how ERM has and could be leading to important improvements in regulatory oversight.

Description: This article discusses the process of pandemic preparedness.

Description: The functions of risk management, capital management and financial management are three vital areas of an insurance company. Increasingly, the concept of linking such functions has gained traction, with the recognition that such integration may add value to a company.

Description: This article discusses how this improvement in performance measurement can be achieved through the use of a framework that explicitly links risk, capital and value.

Description: The fact remains that most of the risk lies within the companies’ embezzlement of customers’ funds or failure of supervising the behavior of their branches. Thus we have developed an operational risk management framework for local Chinese securities companies and a set of tools to manage their branches.