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: Resources to help actuaries advance their careers.

Description: On October 30, 2015, the SOA Assumption Development and Governance Group, an informal discussion group consisting of nearly 200 interested actuaries with topics pertaining to actuarial assumption development and governance, organized an industry discussion call on end-to-end assumption documentation practices. The purpose of this call was to generate a large list of ideas for best-practice assumption documentation. More than thirty companies were represented in the call, including direct insurers, reinsurers and consulting firms. This article is the work product of the discussion written by Laurie Li and Alex Zaidlin.

Description: Based on April webinar, develops nine guidelines for setting assumptions.

Description: The Wells Fargo case highlights the importance of creating and preserving documentation establishing actuarial and legal foundations for return positions.

Description: The editorial explores opportunities for the actuarial profession that can be achieved through innovation.

Description: In Schaeffler v. United States, the United States Court of Appeals for the Second Circuit issued a taxpayer-friendly decision on the scope of the attorney-client privilege and the work-product doctrine. The article explores the case and its meaning for the two doctrines, and specifically how it differs from the decision in United States v. Textron in the First Circuit.

Description: Chairperson's views on SIPF section's new mission statement approved by the SOA Board.

Description: A discussion of the Egyptian Society of Actuaries, founded in February 1999

Description: Details of Actuary of the Future Section sponsored skills development webcasts in 2014.