Description: The IFRS Foundation’s establishment of the International Sustainability Standards Board is a major step toward achieving relevant, decision-useful sustainability information for market participants that is comparable across industries and jurisdictions.

Description: A recounting of all the accomplishments the Joint Risk Management Section had in 2021 crediting those responsible for their successful completion.

Description: The 2024 Dangerous Risks survey shows respondents react to recent increases in "old favorite" risks as technology evolves and the environment moves away from the pandemic.

Description: Climate risk modeling is taking center stage. With businesses increasingly expected to show how they assess, adapt to, and mitigate the risks of climate change, companies are asking: What is the right climate risk modeling approach for our business?

Description: This article explores how simple climate targets are driving paper decarbonization, which has serious unintended consequences. Risk managers must keep this in mind and choose metrics carefully to do their part in the climate transition.

Description: French version of article

Description: Regular update provided by the Chair of the Joint Risk Management Section on initiatives put forth by the section council for the current year.

Description: This article gives you a different way to think about economics from a system science perspective and introduces concepts such as complexity, emergence, and interdependence. The concepts allow better conformity to the behavior of the markets and policyholder behavior.

Description: Les modèles actuariels sont essentiels pour le succès et la stabilité des sociétés d’assurance-vie. La crise de 2008 a rehaussé le profil des modèles financiers dans l’ensemble du secteur bancaire et ailleurs, et de nombreux assureurs-vie ont par la suite adopté une fonction indépendante de gestion du risque de modélisation (GRM).

Description: To address non-parallel movement in the interest rates the concept of key-rate duration was introduced in mid-'80s by Tom Ho. I will define certain key rate metrics, their variation used in the industry, how to calculate them, and an existing industry issue with how they are used. Additionally, I propose a novel technique to calculate key rates to mitigate the problem faced in the industry