Description: An update on the activities of the JRMS

Description: Insight on SOA research.

Description: This article on developing effective risk management strategies to protect your organization looked at the following topics: • Successfully identifying, assessing and managing risks for all stakeholders. • Identifying the appropriate strategy for your particular needs. • Ensuring the governance body understands risk. • Developing a risk management framework. • Incorporating risk management into your business planning.

Description: Competition for space in distribution channels has resulted in a proliferation of exotic options embedded in variable annuity products. This article discusses how this has created a need which can be addressed, in part, by hedging variable annuity guarantees with long-dated equity derivatives.

Description: Article from Risk Management Newsletter, March 2006, No. 7 highlights the results of the Risk Management Investor survey. Ernst & Young LLP is conducting a series of surveys around risk, exploring attitudes toward risk and its management, comparing viewpoints across key stakeholder groups including investors, senior executives and audit committees.

Description: This article is based on the author's discussions with many executives of insurance companies regarding the challenges and limitations in ERM at its current state of evolvement. The following areas need to be addressed and improved on, in the author's opinion, to 'take ERM to the next level': 1. Reconciling Risk Concerns of Creditors and Shareholders. 2. Managing of Operational Risk. 3. Execution Risks. 4. Producing Credible and Useful Risk Adjusted Performance Measures. 5. Aligning Performance Metrics with Management’s Performance Measurement Philosophy.

Description: In this article, the incoming chairperson of the Section addresses the readership about the credit crisis and asks whether opportunities exist for actuaries to play a larger role in risk across the board.

Description: The fact remains that most of the risk lies within the companies’ embezzlement of customers’ funds or failure of supervising the behavior of their branches. Thus we have developed an operational risk management framework for local Chinese securities companies and a set of tools to manage their branches.

Description: In this article, the author compares sailing to risk management.

Description: This article proposes a new term called the risk surface to enhance risk communications.