Description: Article from Risk Management Newsletter, July 2005, Issue 5 that highlights a new frontier for actuaries unfolding in the insurance industry called Enterprise Risk Management.

Description: This article discussed modeling the P&C reinsurance market using an Agent Based Model to provide insights into the market. The characteristics of this marketplace provide credibility to this type of modeling. Specifically, the P&C reinsurance market has few major players, very little product differentiation, and low barriers to entry. In addition established competitors are volume-constrained due to prior business and capacity decisions made based on estimated product costs and prices.

Description: Article from Risk Management Newsletter, November 2005, Issue 6 on volunteerism with the Risk Management Section. We can use your help. Each of you is a member of the section for many reasons but almost universally because of your interest in the subject of enterprise risk management. The commitment we ask is not overwhelming. Plus, you too can have fun and realize that you’ve contributed to the advancement of your chosen profession.

Description: Article from Risk Management Newsletter, March 2006, No. 7 is the Chairperson's Corner and highlights the past, present and future activities of the Risk Management Section, who recently turned two years old.

Description: This article discusses the pending book entitled 'Dynamic Risk Modeling Handbook.' The proposed scope and outline of the book is reviewed. This is a revision of the 'DFA Handbook' which was published in 1995.

Description: This article provides an excerpt of the results of a survey on policyholder behavior in the tail with respect to variable annuity guaranteed benefits. GMIB is specifically addressed.

Description: This article discusses that several ERM characteristics mitigate the effects of bad corporate culture, including: • The whole firm is considered the system in view holistic characteristic. • Peers are empowered to lead in positive ways intensive management characteristic. • Risk taking should be separated from risk management objective assessment characteristic. • Risk management is a key corporate value, second only to profit maximization postmodern characteristic.

Description: In this article, the author compiles a list of books that might interest risk managers.

Description: In this article, the section chairperson talks about the importance of actively promoting actuarial skills and value to lead the evolution of risk management.

Description: In this article, the author discusses the International interest in working toward a global ERM credential similar to the CERA designation from the SOA.