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The Managerial Role of Actuarial Professionals on Insurer Submitted by TheSecretariat on Thu, 25/06/2015 - 21:23 The actuarial professional bodies have taken initiatives to equip members with the skill sets of enterprise risk management for decades. Yet, …

2013 Risk and finance manager survey: Full report Submitted by TheSecretariat on Thu, 25/06/2015 - 21:23 The fourth annual Towers Watson Risk and Finance Manager Survey examined how North American companies use outside resources, tools and frameworks to …

Keep your eye on the prize: An ERM update on the global insurance industry. 2012 Global Insurance ERM Survey Report Submitted by TheSecretariat on Thu, 25/06/2015 - 21:23 Towers Watson’s latest global insurance ERM survey confirms the notion that ERM adds …

Current State of Enterprise Risk Oversight: Progress is Occurring but Opportunities for Improvement Remain Submitted by TheSecretariat on Thu, 25/06/2015 - 21:23 - Data was collected through an online survey sent to members of the AICPA’s Business and …

Why the current practice of operational risk management in insurance is fundamentally flawed - evidence from the field Submitted by TheSecretariat on Thu, 25/06/2015 - 21:23 - Based on interviews with insurance industry professionals - How operational …

The Economic Capital and Risk Adjustment Performance for VA with Guarantees with an Example of GMAB Submitted by TheSecretariat on Thu, 25/06/2015 - 21:23 Economic capital (EC) and risk?adjusted performance measurement (RAPM) are becoming increasingly …

Making better decisions about the risks of capital projects Submitted by TheSecretariat on Thu, 25/06/2015 - 21:23 A handful of pragmatic tools can help managers decide which projects best fit their portfolio and risk tolerance. This article describes …

The Impact of Enterprise Risk Management on Capital Allocation in Insurance Companies Submitted by TheSecretariat on Thu, 25/06/2015 - 21:23   A review of the extant literature of enterprise risk management (ERM) and capital allocation shows that insurers …

Operational Risk Capital Provisions for Banks and Insurance Companies Submitted by TheSecretariat on Thu, 25/06/2015 - 21:23 Operational risk has become recognized as a major risk class because of huge operational losses experienced by many financial …

Using Credit Risk Models for Regulatory Capital: Issues and Options Submitted by TheSecretariat on Thu, 25/06/2015 - 21:23 Regulatory capital standards based on internal credit risk models would allow banks and supervisors to take advantage of the …

A Theory of Risk Capital Submitted by TheSecretariat on Thu, 25/06/2015 - 21:23 We present a theory of risk capital and of how tax and other costs of risk capital should be allocated in a financial firm. Risk capital is equity investment that backs …

The Use of an Economic Capital Model within and Enterprise Risk Management framework Submitted by TheSecretariat on Thu, 25/06/2015 - 21:23 A short slide show outlining Standard & Poors view of ERM, and the use of economic capital models within an ERM …