Description: This article examines possible future directions in risk reporting by insurers, as they negotiate turbulent markets and move towards Solvency II compliance.

Description: Can Bad Culture Kill a Firm? Weak cultures leave firms exposed to risks that formerly had been assessed and mitigated.

Description: This article talks about risk disclosure and daily VaR of banks.

Description: In this Editor's Note, the outgoing editor recaps the changes to the newsletter and talks about the future issues.

Description: In this article, the author reviews the award winning papers of the 2009 ERM Symposium Scientific Paper Track. Abstracts of the three winning papers are included covering topics such as ALM issues for Long Term Liabilities, Portfolio Risk, and Market participants' personal view of risks.

Description: This article recommends actions to key stakeholders to address the systemic risk in the retirement systems as employer and government based pensions reduce, and more emphasis is placed on personal savings.

Description: In this article, the authors discuss measuring and understanding the more holistic value of risk management. In particular, organizations are struggling with how to best determine the market value of risk management strategies.

Description: A framework to measure and evaluate the risk-adjusted investment performance given the characteristics of the insurance liability.

Description: Insurance companies are not immune to liquidity risks.

Description: Credit ratings have played an essential role in the financial system and have been used extensively by market participants. Despite their wide use in the financial services industry, they are actually insufficient for pricing and risk management of fixed income securities.