Description: By attending the session, you will learn: - Different perspectives around what FP&A is used for (e.g., strategic planning, performance measurement, management compensation, liquidity management, etc.) and why - Challenges leaders have faced and how they are being addressing - How recent regulatory, accounting, and technological change has impacted the FP&A function - Objectives for various organizations around both new analytics for business management, efficient production of forecast results, and potential for faster 'top down' forecasting

Description: "This session is for liability-side actuaries seeking a summary of asset valuation principles. Topics to be discussed include: Why it's important in today's world to understand both sides of the balance sheet. Yield curves, including spot rates, forward rates, coupon rates and bootstrapping. Duration calculations, including an explanation of modified duration for contracts with embedded options and key rate durations. A summary of today's regulatory environment in the context of embedded options, including MRB, VM-21 and VM-22. Next, we will dive into duration profiles of different asset classes, including CLOs (floating rate), RMBS (negative convexity), traditional bonds and swaps. Lastly, we will discuss risk-neutral scenarios, martingale tests, and applications in hedging MRBs."

Description: This document is a report discussing the challenges faced by the insurance industry due to climate change, focusing on availability, affordability, and adequacy of insurance in areas impacted by climate-related risks. It covers expert panel discussions, factors influencing insurers, market gaps, solutions, and funding sources.

Description: In this presentation, we will delve into the realm of structured finance, placing a spotlight on advanced structured finance modeling. This session will first explore the growth of structured assets in the insurance space, and the reasons behind this growth. We will then conduct a deep dive into different credit models underlying the cashflow projections of different types of structured securities, including an overview of approaches for modeling the prepayment rates, default rates, and loss severity. We will also explore how a refined credit model can help insurance companies evaluate the risk-return tradeoff of investing in different structured assets. This session aims to enhance understanding of structured finance products and how to model them.

Description: The mismatch between how interest rate impacts the value of assets and liabilities could have material negative impact to companies’ earnings and surplus. To quantify and mitigate the impact of such mismatches, companies have used matching a combination of duration and convexity. I will review these measurement techniques and their limitations.

Description: The mismatch between how interest rate impacts the value of assets and liabilities could have material negative impact to companies’ earnings and surplus. To quantify and mitigate the impact of such mismatches, companies have used matching a combination of duration and convexity. I will review these measurement techniques and their limitations.

Description: The author discusses using a simple process for risk management.

Description: Description of the mathematics involved when looking at low probability events within a company from the perspective of the C-Suite. The accumulation of small probability events leads to a much higher probability of at least one of them happening in a given period.

Description: Read the Joint Risk Management Section, Issue 44, May 2019 in french.

Description: Read the French language version of the March 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.