Description: The article provides an update on the 2019 ERM Symposium with regard to date, location and content (General Sessions and Concurrent Sessions).

Description: Note from Editor introducing the articles in this issue.

Description: Many ERM programs fail to include an active step of actual risk treatment and are therefore rightfully characterized as Entertainment Systems. Real ERM will use risk assessment to drive decisions about risk acceptance and risk mitigation. Entertainment systems use risk assessment to create reports and to hold discussions. No actions are taken often because ERM is not empowered to do anything.

Description: This article provides a very high level overview of accelerated underwriting programs and their history in the US marketplace. It then discusses setting up an actuarial control cycle for such products and some items related to risk management that are helpful in this setting. Pros and cons of retrospective studies, random holdouts, targeted holdouts and post issue analysis are discussed. A mathematical example of how to estimate the mortality impact of such programs from early emerging experience is provided.

Description: What risks should ERM actuaries be working on?

Description: This article defines operational risk, gives some real-life examples of improperly managed operational risks and the consequences thereof, and provides advice on steps necessary to mitigate operational risk.

Description: Article from Risk Management Newsletter, July 2005, Issue 5 on operational risk in IT projects. Operational risk can sometimes be a broad and elusive concept. A definition is thus necessary. The accepted definition within the financial community is to define operational risk as the risk of direct and indirect losses resulting from inadequate or failed internal processes, systems, people or external events.

Description: Article from Risk Management Newsletter, November 2005, Issue 6 is an update on the continuing education activities of the Risk Management Section.

Description: In this article the author discusses the many hats an actuary wears and how risk management comes to play in each one. The roles discussed: 1. Pricing actuary. 2. Catastrophe modeling actuary. 3. Ceding reinsurance actuary. 4. Corporate actuary. 5. Loss reserving actuary. 6. Predictive modeling actuary. 7. Marketing actuary. 8. Underwriting actuary. 9. Investment actuary.

Description: This article is about the annual call for ERM-related research papers that present the very latest in ERM thinking and move forward principles-based approaches. The call discussed in this article was issued in October 2005 and attracted nearly 30 entrants, from which there was one winner and eight more that were selected for presentation at the 2006 ERM symposium. They were listed in the article and can be found, along with the 20 other entrants on the ERM Symposium Web site at: www.ermsymposium.org.