Description: The idea that events do not happen in isolation is not new; the notion of systems, that is, a set of entities interacting, is based on it. This is reflected in the comprehensive terminology that has been developed to express the effect that events have on each other: domino or downstream effects, unintended consequences, causality, catalyst or inhibitor, synergy, network, etc.

Description: Abstract: This paper examines the potential impact of increasing negative commentary by social media users in multiple forums, which can erode the “reputation capital” of a utility. It also offers an approach for successfully addressing that risk and integrating social media risk management practices into existing utility enterprise risk management (ERM) programs.

Description: The paper takes a critical stand on best ERM practices as proposed by the Cultural Theory of Risk and especially by the work of Ingram, Underwood and Thompson (IUT). The paper claims that both mainstream-type ERM practices ("rigid ERM") and IUT's alternative ("fluid ERM") fail in critical parts to account how risk managers, in everyday normal tasks, develop their ERM practices in a context-dependent way. Context-dependent ERM takes into account the whole context, that is both the recognition that risk environment changes and the need for the firm to develop a stable (yet open to meaningful changes) sociotechnical identity with a consistent risk attitude and appetite.

Description: Operational risk is likely one of the most significant risks faced by an organization. This article defines operational risk and how a company or organization can effectively manage this risk, including types of management tools, metrics and measurement, and governance, risk, and compliance compliance (GRC) systems.

Description: This is the Health and Social Care Analysis Regarding the State of Canadian Women Living in the Alone Stage of Retirement paper authored by Douglas W. Andrews and Lori Curtis for Session 4B of the January 13-15, 2020 Living to 100 Symposium in Orlando, Florida.

Description: The abstract for the paper Never Again

Description: A frustrating aspect of pension funding rules for U.S. plan sponsors is that contribution requirements are adversely correlated with business cycles. For example, not only did plan sponsors get hit with large contribution requirements in the perfect storm of the early 2000s, but many sponsors were prohibited from contributing in the late 1990s boom due to full funding limitations. This is the abstract of a paper that proposes that plan sponsors be allowed to contribute the normal cost as a deductible contribution each year. In hindsight, this would have allowed plan sponsors to pay for benefits as they accrued in the late 1990s and ultimately mitigated some of the crash of the early 2000s. The authors aim to demonstrate that a contribution policy allowing contributions to be at least equal to the normal cost will result in less volatility of contributions and improve the funded status over time.

Description: Abstract for the 2009 Housing Wealth monograph paper, “Retirement Implications of Housing Wealth Spending”. This paper explores comparative trends in home ownership versus renters, the associated levels of housing expenditures, and the extent of equity borrowing. The goal is to stress the need in retirement to cover basic housing needs and the risks of using housing for other purposes.

Description: The abstract for the paper Tax Considerations in a Mandatory Universal Pension System.

Description: This paper discusses a natural and convenient statistic, the nested L-statistic, investigates its performance using a simulation study, and considers an example involving the comparison of risk measure values where the risks of interest are those associated with tornado damage in different time periods and different regions. From the Actuarial Research Clearing House, 2008, Vol.1.