Description: This monograph was presented at the 2011 Enterprise Risk Management Symposium, held March 14-16 in Chicago. The author, writing from a property-liability insurance perspective, notes that capital allocation is a theoretical exercise because all of a firm’s capital could be depleted to cover a significant loss arising from any one segment. However, firms do need to allocate capital for pricing, risk management and performance evaluation. In this paper, the cost of capital in financial markets is incorporated into the Ruhm-Mango-Kreps algorithm to yield one allocation that reflects the true cost of capital an insurer would face. Table only.

Description: Read about Recent Publications in Risk Management.

Description: A review of changes in the last two years with respect to investing, geopolitical risks and the markets.

Description: This article is a discussion of social media tools such as Facebook, LinkedIn, Twitter, YouTube, blogs, MySpace, Friendwise, Yahoo! 360, Orkut, and Classmates and how they relate to entrepreneurial practitioners and the way they do their jobs.

Description: The SOA concluded surveys that examined the actuarial profession from the perspectives of SOA members and employers. This report presents major conclusions based on the results of these surveys. The analysis has two main objectives: • To compare actuaries’ and employers’ views of actuarial performance on skills that are valuable in today’s market. • To compare actuaries’ and employers’ images of the actuarial profession.

Description: The August/September 2015 edition of The Actuary magazine—the Society of Actuaries’ flagship publication.

Description: This article, directed at actuaries, will explain the basics of blockchain in very simple terms and we will then examine some UK/European-based use cases where blockchain is already being used or developed.

Description: Will the Medicare Modernization Act Jump Start Growth in Employer-Sponsored Long- Term Care Insurance? by Allen J. Schmitz, FSA and Scott A. Weltz, FSA from Long-Term Care Newsletter, April 2004, Issue No. 11.

Description: Preview of the December 2007 issue of the LTC Section news, including articles on individual claims, retrospective reserve testing, population health management, Alzheimers, psychiatric medication, and the latest LTC Experience Committee report.