Description: In this issue, we’re pleased to share with our members some recent nice activities and initiatives of AFIR- ERM on the risk management space. Please fi nd useful information in the article below from Michael Sherris, Chairman of AFIR- ERM Section.

Description: Update on issues, priorities and key messages from the Joint CAS / CIA / SOA Risk Management Section Council.

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: The cyber insurance market looks like it’s growing—rapidly, in fact. However, there’s more to the cyber insurance market than the outward appearance of strong growth. Worldwide aggregate premium’s upward trend may even be cause for alarm. The increase in premium against a flat rate of insured exposure is a key sign that the market could turn from growth to constriction if a solution isn’t found in the near future. If the cyber insurance sector hopes to reach such lofty goals as exceeding $30 billion in global premium by 2028, it’s going to need more capital. Whether directly into the insurance sector or via support from reinsurance and retrocession, fresh capital should help insurers achieve greater market penetration, build a broader foundation for ongoing expansion, and chart a course for long-term sustainable profitable growth. The same sources capital insurers have used since the early days of the market won’t be enough, though. Thankfully, the insurance linked securities (ILS) market seems poised to help, particularly with several promising recent transactions. New sources of capital could bolster the foundation for future cyber re/insurance growth.

Description: An update on the activities of the JRMS Council.

Description: Hear from the editor’s on the March 2017 issue of Risk Management published by the JRMS.

Description: This article is a request for new volunteers to participate in the Risk Management Task force projects.

Description: This article highlights the significant steps being taken by the UK actuarial profession to establish a more focused role in risk management.

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 discusses how ERM has and could be leading to important improvements in regulatory oversight.