ERM reference sites
This is the research section of the Bank for International Settlements, and this site is focused on banking. There are a large number of articles relating to risk, providing a source of the latest research in areas such as credit, interest-rate and liquidity risk.
Link to the Chief Risk Officers' Forum comprising the chief risk officers of major insurance companies and financial conglomerates. The publications section has a wealth of information on risk issues.
A US site, primarily for banking. It is a family of websites including:
- www.riskglossary.com
This provides a glossary of terms. The focus is largely on assets, in particular options and derivatives. Risk is however widely covered, particularly in the area of risk measures. A clear explanation of a huge number of terms is given with important and related links. Papers and discussions are also highlighted with links and books (including a link to Amazon). A clear historical analysis is also given, where appropriate. For example in the definition of Sarbanes-Oxley the first date mentioned is 1863.
- www.riskchat.com
This is described as "An active forum for traders, financial engineers, and risk managers." This is very asset focused and appears mostly to focus on information posted in past years. Most of the other links relate to training courses provided, largely focused on the asset/banking sector.
www.continuitycentral.com/risk.htm
A broader coverage of risk topics, including articles on risk appetite, risk frameworks and hazard identification.
Everything you could want to know about credit and default risk. The site is devoted to the modelling of credit risk. There are over 1,000 freely downloadable papers, plus many abstracts of useful books and papers.
ec.europa.eu/internal_market/insurance/docs/solvency/impactassess/annex-c08d_en.pdf
This is the CEA Solvency II glossary of terms. It gives the definitions of terms (including risk-related terms) as used in Solvency II.
Useful list of ERM-related books by topic.
This site requires you to register. The press releases (about GARP) can be seen. There is also information about the financial risk manager (FRM) examinations, including free core reading in pdf form.
www.genevaassociation.org/Home.aspx
The Geneva Association is the international "think-tank" and research institution of the insurance industry. It publishes seven different newsletters: General Information; Insurance Economics; Risk Management; Four Pillars; PROGRES; Health and Ageing; Insurance and Finance.
Everything you could want to know about VaR measures. Again this is from a banking perspective. The language is therefore not couched in insurance terms (liquidity crises are featured) and there is no real mention of Tail-Var.
The International Network of Actuarial Risk Managers
Site offering research insights into recent developments in quantitative thinking as well as provides a repository for material that you may find of more general interest.
www.nottingham.ac.uk/business/cris/ResearchLinks.html
Nottingham University's Centre for Risk and Insurance studies have collated a list of links that can be useful for research purposes.
www.oecd.org/statsportal/0,3352,en_2825_293564_1_1_1_1_1,00.html
OECD statistics portal covering a wide range of national statistics.
This site requires you to join PRMIA.
This is the website of Risk magazine. The magazine is again banking focused, with a strong hedge fund slant. In order to gain full access to the site’s resources, one needs to subscribe.
www.soa.org/research/risk-management/risk-mngt-terms.aspx
The risk management terms of the Society of Actuaries. This a 65-page document running through the standard risk factors and risk appetite. It covers broader industries than just insurance. It also contains an online survey at the end.
This is the website of the Social Science Research Network. The site covers many areas of research, including subjects such as philosophy. However, it is a useful source of information on risk matters, including risks in the insurance industry. Subscription is required for full access, and downloads of some articles require the payment of a fee.
This is the website for the Strategic Risk magazine which focuses on the general insurance sector and has a strong focus on risk. There is a large section devoted to ERM with many useful articles on a broad range of topics.
Another site focused on the quantitative finance arena. It is possible to join the Wilmott community and subscribe to the magazine.