Description: Read the December 2017 issue of Risk Management published by the Joint Risk Management Section. Newsletters provide practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: This article explores how simple climate targets are driving paper decarbonization, which has serious unintended consequences. Risk managers must keep this in mind and choose metrics carefully to do their part in the climate transition.

Description: Regular update provided by the Chair of the Joint Risk Management Section on initiatives put forth by the section council for the current year.

Description: Update of the activities being carried out by the Joint Risk Management Section

Description: This article is about defining risks at the proper level. To do so one must distinguish between risks and the outcome of other risks. The so-called reputation risk is an example of something that is not a source of risk, but rather an outcome of other risks. In addition to defining risks at the source, is also important to categorize risks with consistent levels of granularity.

Description: This article summarizes an emerging risk research project completed by the Joint Risk Management Section. The major categories of risks in the survey were 1. Economic, 2. Environmental, 3. Geopolitical, 4. societal and 5. Technological.

Description: This article talks about replicating portfolios, a basket of financial instruments designed to replicate, as closely as possible, the value and market sensitivity of a target portfolio of liabilities in different economic scenarios.

Description: In this article the author compares ERM issues, strategies and scenarios to the process of driving to work on a four-lane highway.

Description: The editor introduces the articles in this issue. Articles that include topics on systemic risk, economic capital, variable annuties, etc.