Description: The financial industry has become increasingly interested in understanding and managing financial risks as well as business risk. While often perceived in terms of risk reduction or mitigation in the past, todays focus has expanded to improve performance and add to the value of the firm. Many banks and securities firms have built risk management areas to better manage their financial risks. Some insurance companies are moving in a similar direction, This session focuses on quantification of various financial risks insurers take on. From the Record of the Society of Actuaries, Vol. 24, No. 1. Maui Spring Meeting, June 15-17, 1998, Session 87PD.

Description: This presentation is a panel discussion, session number 7PD, from the 1999 Valuation Actuary Symposium, held September 23-24 in Los Angeles. The panelists discuss how in practice there is considerable variation from company to company in the functions that fall within the corporate actuary’s role. They discuss variations in corporate actuarial functions, and corporate actuaries’ role in their company’s management structure. The panelists explore trends in the role of the corporate actuary, and what makes for an effective corporate actuarial function. Discussion from participants is included.

Description: This session at the 1998 Valuation Actuary Symposium gives an overview of risk management. Two example company programs are described. The use of value at risk as a measure is discussed.

Description: This research illustrates many things we may learn from other actuaries around the world in designing a valuation framework, things we can do as well as things we want to avoid. From Society of Actuaries Financial Reporting Monograph, M-AS99-1.

Description: At this session 4PD of the SOA Annual Meeting in New York the panel discusses issues stemming from an AAA study of valuation and insurance in 14 countries on 5 continents, and what the U.S. could learn from these findings. From the Record of the Society of Actuaries, Vol. 24, No. 3.

Description: Panelists discuss some of the latest developments and actuarial involvement in the area of risk management for insurance companies. Included is a discussion of value-at-risk [VAR]. From the 1997 Record of Society of Actuaries, Vol. 23, No. 3.

Description: This article intends to provide some background on how and when the state variation issues came about, why these issues present a challenge to the valuation actuary, what seems to be the current practice in dealing with these challenges, and how these issues can be addressed more effectively and efficiently in the future. From Society of Actuaries Financial Reporting Monograph, M-AS99-1.

Description: A discussion of the need to connect the interrelated requirements of reserve requirements, capital requirements, risk management, IASB requirements and so forth.

Description: Full version of International Section News, September 1998, Issue No. 17.

Description: Full version of Risks and Rewards Newsletter, October 1998, Issue No. 31.