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: The abstract for the paper Applying Actuarial Techniques in Operational Risk Modeling.

Description: In this article, the incoming chairperson of the Section addresses the readership about the credit crisis and asks whether opportunities exist for actuaries to play a larger role in risk across the board.

Description: The Table shows the detailed roles and responsibilities within each area, translates from derivatives to insurance, revealing the strong parallels with traditional actuarial roles and responsibilities. The Table can be found in The Actuary, December 2004 issue under the article Benchmarking Enterprise Risk Management Practices in a Derivatives Firm by Donald Mango.

Description: This paper shows how Tranched Capital and RAROC can produce very different indicated reinsurance purchases than does the ISA.

Description: An article from The Actuary on benchmarking enterprise risk management practices in a derivatives firm. Actuaries can become the future of enterprise risk management by enhancing their unique skill sets with practices adopted from other industries and promoting themselves to firm 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: This paper demonstrates the potential synergies from applying actuarial techniques to operational risk analysis. It also demonstrates practical techniques, grounded in actuarial science, to solve operational risk management problems such as risk cost allocation and risk mitigation cost-benefit analysis. From 2006 Enterprise Risk Management Symposium, M-AS06-1.

Description: This article talks about partnering with other risk professionals and the importance of research into the nature of risk and the responses to risk events.

Description: Full version of Risk Management, November 2005, Issue No. 6.