Description: This article discusses the risk management approaches of insurers. The author described some of the current practices of the total return approach, how the total return approach is used in managing risks as a process, and a model that takes future sales into consideration and determines the appropriate fair valuation method of an ongoing business.

Description: Article from Risk Management Newsletter, July 2005, Issue 5 discusses an international initiative involving leading universities and professional organizations. In the current, all-out race for “ERM leadership,” a consortium of leading universities and professional organizations worldwide has taken action to jointly sponsor the ERM Institute International, Ltd. (ERMII)—a nonprofit educational and research organization with a focus on education, research and training in the ERM conceptual framework, quantitative methods and tools, and best practices.

Description: Article from Risk Management Newsletter, November 2005, Issue 6 highlights the strength of the section through the addition of CAS members. In Spring 2005, the boards of the SOA and CAS approved the rededication of the Risk Management Section as a jointly sponsored body. Since that time, CAS members have been encouraged to join the section. In the recent section election, three CAS members ran for Section Council and one was elected.

Description: Full version of Risk Management, December 2006, Issue No. 9.

Description: Article from Risk Management, July 2006, issue 8 that highlights the 4th annual ERM Symposium. The goal of the symposium was to show that ERM principles are the same across different industries and practices, and risk managers need to talk to each other to learn and disseminate the best practices faster.

Description: This article highlights 13 attributes shared by various groups of companies that landed in trouble. The companies are identified, and the attributes are described.

Description: Article from Risk Management Newsletter, March 2006, No. 7 on the continuing education activities for 2006 sponsored by the Risk Management Section of the Society of Actuaries.

Description: Full version of Risk Management, March 2007, Issue No. 10.

Description: Wayne Fisher discusses what it takes to successfully embed ERM in a firm, the development of models and setting parameters, and the importance of research.

Description: I am pleased to report that the 2008 ERM Symposium Scientific Paper Track continues to push the envelope in terms of both quantity and quality of papers. With 65 abstracts submitted for review--a 40 percent increase over 2007—the level of response again confirms the cross-industry interest in this topic.