Description: Full version of Risk Management, November 2004, Issue No. 3.

Description: ICP 16 and its requirement for an Own Risk and Solvency Assessment (ORSA) will offer opportunities for the actuarial profession to provide uniquely well-educated and professional assistance to this process.

Description: This report provides highlights of a weekly survey of practices regarding the mitigation of the spread of COVID-19 in the U.S. during the last half of April 2021 along with comparisons to prior half-month time periods.

Description: People naturally observe risk in the form of the range of experienced gains and losses which is usually represented in statistical terms by standard deviation. In most cases, there are not enough observed values to reliably discern the true amount of losses that are possible in extreme situations. Statistical techniques that have long been applied to insurance company risks are being used to extrapolate from observed risk to extreme tails of the distribution of gains and losses. These processes are essentially an extrapolation from the “known” risk of volatility near the mean to “unknown” risk of extreme losses. “Fat tails” is a term often applied to risks where the likely losses in rare situations significantly exceeds the predictions of a Gaussian (“thin tailed”) distribution. This paper will look at the relationship between the observed risk and the extreme risk in statistical insurance r isk models and discuss how we might create a discussion among model users about the appropriateness of that relationship for specific types of risks.

Description: Describes ways to avoid the next financial crisis by following the example of those who got it right and discerning what you could be doing to prevent your firm from experiencing excessive losses in future crises.

Description: "Management must manage. An incentive compensation formula will not be sufficient."

Description: In this article the author discusses creating a common language for ORSA, capital and stress.

Description: Article from Risk Management Newsletter, November 2005, Issue 6 highlights the strength of the section through the addition of CAS members. In Spring 2005, the boards of the SOA and CAS approved the rededication of the Risk Management Section as a jointly sponsored body. Since that time, CAS members have been encouraged to join the section. In the recent section election, three CAS members ran for Section Council and one was elected.

Description: Full version of Risk Management, December 2006, Issue No. 9.

Description: Editorial for the October/November 2012 edition of The Actuary magazine discussing risk and uncertainty as two different concerns.