Description: Actuarial activity in Azerbaijan commenced in 2008 with the enactment of the insurance law. The Actuarial Association of Azerbaijan was created in that year. The insurance law prescribes an official roster of actuaries who qualify after passing an exam. There is also the position of “appointed actuary” who reports directly to the board of directors of the insurance company. However, due to the relatively fast development of the insurance market, there is an urgent need of qualified actuaries. Actuaries Without Borders and the International Actuarial Association have thus helped in the capacity building process. This article describes the workshop that was held in Baku, in December 2019.

Description: Update of climate risk related governance and disclosure.

Description: At this time of economic distress, companies throughout the world are intensely focused on upgrading their risk management capabilities, as are their home country regulators. This article explores one example of how a part of this transformation was accomplished for several major Korean insurers.