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Management of economic and demographic risk in life insurance and pensions Submitted by TheSecretariat on Wed, 29/07/2015 - 13:30 The purpose of life insurance is to relieve individuals of economic risk associated with accidents, sickness etc. . . . The …

Integrating Financial and Demographic Longevity Risk Models: An Australian Model for Financial Applications Submitted by TheSecretariat on Wed, 29/07/2015 - 13:30 Since its introduction, the Lee Carter model has been widely adopted as a means of modelling …

Strategic risk management: Facilitating riskbased insurance decisions Submitted by TheSecretariat on Wed, 29/07/2015 - 13:30 As we define it, strategic risk management (SRM) is the process of identifying, assessing and economically managing potentially …

An Introduction to Insurer Strategic Risk Topic 1: Risk Management of an Insurance Enterprise Submitted by TheSecretariat on Wed, 29/07/2015 - 13:30 The GIRO Working Party goes on to clarify what strategy is not: 1. Strategy goes beyond pure business …

Mastering Model Risk: Assessment, Regulation and Best Practices Submitted by TheSecretariat on Wed, 29/07/2015 - 13:30 Robust quantitative models have been an essential component of risk management and analysis for decades, but have dramatically increased …

Theory and Practice of Model Risk Management Submitted by TheSecretariat on Wed, 29/07/2015 - 13:30 Model risk is a topic of great, and growing, interest in the risk management arena. Financial institutions are obviously concerned about the possibility of …

How Model Risk devestated an organization Submitted by TheSecretariat on Wed, 29/07/2015 - 13:30 To have a successful ERM program, companies must use a primary ERM model that is practical, transparent, flexible and realistic. A primary ERM model lacking …

Model Risk Submitted by TheSecretariat on Wed, 29/07/2015 - 13:30 Models are widely used in the area of financial economics, e.g. for derivative pricing, and sometimes play an indispensable role. Unlike liquid markets which have 'price' to reflect the …

How Global Changes Can Effect the Business Environment Submitted by TheSecretariat on Wed, 29/07/2015 - 13:30 In this article, PricewaterhouseCoopers (PwC) has identified five megatrends that are changing the business environment. A megatrend is a change …

Value Killers in the Current Risk Environment Submitted by TheSecretariat on Wed, 29/07/2015 - 13:30 A recent study by Deloitte LLP examined root cause issues for companies experiencing significant one-month drops in stock valuations to see if they could …

Crowdsourcing, A Tool to Tackle Emerging Strategic Risks Submitted by TheSecretariat on Wed, 29/07/2015 - 13:30 A recent Harvard Business Review article focuses on the emerging concept of crowdsourcing and how it is being used as an innovation starter. …

Using Collaboration Risk Management to Recognize Emerging Risks Submitted by TheSecretariat on Wed, 29/07/2015 - 13:30 Many companies have established ERM programs that have been battle-tested. Recent major events have revealed contrasting examples where …