Description: The costly, time-consuming and complicated process of enterprise risk management (ERM) can be improved in many companies and made less tedious for managers by using reasonable data and templates obtained from peer group entities. The models used to calculate economic capital (EC) often underestimate its value because they do not consider decision-maker perception about risk. We assume here that managers, as the decision-makers, have appropriate business understanding and they can provide substantial information about risk characteristics regarding all business processes. Therefore we are focused, in this paper, on collecting data from managers across the different businesses to derive the appropriate knowledge about risky events, the importance of particular types of risk, the relationship between the risk outcomes and the level of risk control in a particular industry. We conclude that the collected data has a high potential for use as a benc hmarking reference and analysis for improving ERM models for individual businesses.

Description: Read the February 2017 issue of Taxing Times published by the The Taxation Section. Newsletters provide practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: Describes Standard Life's business model transformation.

Description: At the 2012 ILTCI Conference in Las Vegas, a group of Long-term Care Industry professionals decided we wanted to do something a little bit different. We wanted the audience of our session, "Underwriting and Claims: From the Outside Looking In", to hear from the people who matter most to the LTC industry………our constituents. And we wanted the audience to have the opportunity to discuss issues with these constituents in an open, upfront format.

Description: This article is the first of three parts in helping you to move forward when your career growth seems to be stalled. In this part, help you discover WHY your career has slowed and then move on to the WHAT and HOW in parts 2 and 3.

Description: Happiness and success in life require a certain amount of grit - the ability to keep moving forward. We even have the ability to choose to let our trials result in growth - Post Traumatic Growth. What doesn't kill us can make us stronger. Seeing is not believing, but rather believing is seeing!

Description: Adapted from portion of book titled "Awake at Work" by Michael Carroll, applying Buddhist philosophy to the reality that all employment arrangements and careers, even those of actuaries, must come to an end.

Description: Equips readers with understanding of common obstacles, their root causes and way to overcome them. Focus on importance of a strong compelling reason for change.

Description: The Chairperson of the Taxation Section discusses how the section will deal with changes to the US Tax Code.