Description: Overview of the entire 2005 Living to 100 and Beyond symposium. From 2005 Living to 100 and Beyond Monograph, M-LI05-1.

Description: The purpose of this paper is to address key aspects of the risk/strategy/finance ERM implementation from both the theoretical and applied perspectives. The topics to be covered are: ERM overview including historical perspective, ERM implementation—focusing on strategy, finance and risk, and Case study of how one insurance and investment company approached the integration of a major risk type within the ERM framework, market risk, into the financial planning and reporting process. This paper will focus exclusively on the insurance industry.

Description: Most, if not all, ERM frameworks recognize the added value that the quantification of risk brings to the overall risk management process. This paper discusses the need for the development of a quantification framework, which is a clear opportunity for the actuarial and mathematical communities. From 2006 Enterprise Risk Management Symposium, M-AS06-1.

Description: This paper sets out to demonstrate that the economic capital, risk drivers, and business model are intricately integrated, and that this has broad implications on enterprise risk management for financial institutions. From 2007 Enterprise Risk Management Symposium, M-AS07-1.

Description: As an alternative to the widely-used 'return on economic capital' RAROC, this paper proposes a performance measure consistent with standard valuation models, and discusses its implications for prudential regulation. From 2007 Enterprise Risk Management Symposium, M-AS07-1.

Description: Risks of different types are embedded into every business process and every business activity no matter what the business of the organization. At the same time, today all organizations seeking sustainable growth simultaneously manage a number of projects: endeavors that are even riskier than their usual daily routine. Examples are projects for the development of a new product or service, investment activities, implementation of an information system, entering a new market, re-branding and many others. All projects of an organization constitute a project portfolio.

Description: Abstract for the 2008 ERM Monograph Paper, “The Value of Enterprise Risk Management: Evidence from the U.S. Insurance Industry”

Description: Introductory comments for the 2008 ERM Monograph

Description: Managing corporate defense is therefore an extremely responsible station, as it involves the responsibility for adequately defending the interests of all of the stakeholders of an organization, both in terms of monetary and human implications.

Description: Abstract for the 2008 ERM Monograph paper, “A Practical Concept of Tail Correlation”