Description: This article discusses the impact of rising interest rates on annuity writers and life insurers and the risk management challenges it presents. Falling interest rates were addressed as well.

Description: This article argues that using Economic Capital as a metric does not capture all of the risks. The author suggests an alternative that better meets a corporation's overall risk management needs. This is value-based ERM, which is an approach that makes the quantification of enterprise value central to all aspects of the ERM process. It is a combination of two techniques—enterprise risk management and value-based management, and it captures all of the risks in a single metric.

Description: Financial illiteracy has been identified as a major obstacle to effective retirement planning for Americans. Anna Rappaport’s article provides actuaries with helpful ideas about ways to make the public more aware of the increasing need for financial literacy and some of the resources currently available to help individuals.

Description: This article highlights the significant steps being taken by the UK actuarial profession to establish a more focused role in risk management.

Description: This article discusses credit default options, the applications, pricing and hedging default risk.

Description: This article lays out a generic framework on how to hedge a European call option on a non-dividend paying stock using futures in a stochastic interest rate environment.

Description: This article is a review of the book, The Big Short by Michael Lewis. This book is a follow up to his previous book, Liar's Club, and focuses on the high finance issues that affected the economy in 2007 and later. In this book, Lewis focuses on the contrarians and challenges the Efficient Market Hypothesis.

Description: Feature article discussing the possibility of the LIBOR rate ceasing to exist in 2021 at what that would mean for insurance companies.

Description: Tidbits of Section relevant information.

Description: Summary of April 2020 Investment Section Town Hall and come additional commentary.