Description: 2011 Enterprise Risk Management Symposium, Chicago. This presentation discusses how real world Grey Swan scenarios are excellent choices for stress and resiliency testing. In addition, an example is provided of a set of Grey Swan scenarios which correspond to the RBC C-3, Phase II.

Description: 2011 SOA Enterprise Risk Management Symposium, Chicago. The stated purpose of this paper is to consider whether a more comprehensive and timely measurement framework for risk exposure is now needed and to examine one possible approach. This paper proposes a new approach to risk measurement that, along with capital measurement and more rigorous oversight, will allow banks an ability to manage risk.

Description: 2011 Enterprise Risk Management Symposium, Chicago. This is the abstract of the referenced paper.

Description: 2011 SOA Enterprise Risk Management Symposium, Chicago. This paper reviews a risk management theory that deals with correlated, non-normally distributed factors, and then applies risk management techniques to the U.S. steel industry using futures contract hedging.

Description: 2011 SOA Enterprise Risk Management Symposium, Chicago. This paper suggests the use of a policy event-based loss estimation method using expert input and simulation for forecasting long duration expenditures: that is to say, there is an efficient time, which is random and observable to replace a physical asset.

Description: Presented at Living to 100 Symposium, January 2011. This paper addresses the question of how socioeconomic and demographic characteristics, health status and health behaviors are associated with oldest-old mortality and survivorship among people who have survived to old age. Data comes from the 1990-91 National Health Interview Survey’s Health Promotion and Disease Prevention Supplement and the mortality follow-up through 2002. The results indicate that activity limitation and exercise status, in combination with education, play an important role in survival into ages between 65 and 85, but have a smaller effect on survival among the oldest-old population of 85+.

Description: This monograph contains papers submitted and presented at the 2013 Enterprise Risk Management Symposium held April 22-24, 2013 in Chicago, Ill. It also includes additional research papers that were submitted and accepted for the 2013 ERM Symposium Call for Papers, but not presented. As in previous years, the goal of the call for papers has been to provide a forum for the very latest in ERM thinking and move forward principle–based research.

Description: Presented at the Living to 100 Symposium, January 2011. In India, the prevalence of lifestyle diseases such as diabetes and cardiovascular diseases has been increasing tremendously. This spurt of diseases and the resultant morbidity is severely affecting the quality of life of the elderly. The problem is compounded by a medical and health care infrastructure which is inadequate to meet the challenge. This paper analyzes and estimates, using actuarial tools, the effect on the economy with particular focus on the present and future elderly segment of the population, identifies opportunities for insurers to address the situation, and suggests remedial measures to deal with the situation. Medico-actuarial studies in this area will also be covered.

Description: Presented at Living to 100 symposium, January 2011. Using longitudinal data from the Canadian National Population Health Survey, this paper seeks to identify social, behavioral and psycho-social factors associated with change in health status to provide insight for the aging baby boomers to help them foster a healthy aging experience.

Description: Presented at Living to 100 symposium, January 2011. This paper investigates dynamic properties of age trajectories of physiological indices and their effects on mortality risk and longevity using longitudinal data on more than 5,000 individuals collected in biannual examinations of the Framingham Heart Study original age group during about 50 subsequent years of follow up.