Description: 2011 Enterprise Risk Management Symposium. Chicago. This is the abstract of the entitled paper.

Description: 2011 SOA Enterprise Risk Management Symposium, Chicago. This is the abstract of the entitled paper.

Description: 2011 SOA Enterprise Risk Management Symposium, Chicago. This is the abstract of the referenced paper.

Description: 2011 Enterprise Risk Management Symposium, Chicago. This is the abstract of the entitled paper.

Description: This paper evaluates the current practice of operational risk management in the insurance sector. Operational risk is nothing new in insurance, but, because of regulatory requirements, companies have initiated computation of risk capital for their operational losses. The current effort to manage operational risk is not a naturally evolving phenomenon, and operational risk, in the Basel Committee on Banking Supervision’s Basel II definition, is unlikely to be a significant cause of insurers’ failure. In addition, the current Basel II definition of operational risk is not suitable for the insurance sector. Consequently, the invention of models and tools based on the definition is incomplete and illusionary. My findings are based on the analysis of dozens of interviews with insurance industry professionals. I demonstrate the way operational risk is quantified in practice, show that the result obtained from this computation is of littl e use in managerial decision making and propose a set of policy recommendations illustrating the characteristics of operational risk in insurance. This study can be used as a platform for launching dialogues to initiate fresh thinking about operational risk in insurance beyond the current artificial and narrow boundaries.

Description: Abstract: This paper examines the argument whether enterprise risk management (ERM) adds value to the entire firm. Using the A.M. Best property/casualty insurance business database from 2000 to 2009 for 794 US insurance companies we found evidence to support this argument.

Description: This is the full report summarizing the results of the 2017 Emerging Risks Survey, the eleventh in the series.

Description: Sponsored by the Joint Risk Management Section of the Canadian Institute of Actuaries, Casualty Actuarial Society and the Society of Actuaries, this research report summarizes the major findings from the 2018 Emerging Risk Survey.

Description: This research report summarizes methodologies used for yield curve extrapolation to value liability cash flows that extend beyond the maximum observavble portion of the yield curve.

Description: A research report that first defines ERM and provides the results of an applicable literature search with hyperlinks and then describes the current state of Enterprise Risk Management practices for health organizations. Areas covered: 1. Operational Risks. 2. Balance sheet risks. 3. Pricing discipline. 4. Asset risks. 5. Learnings. 6. Emerging risks.