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Author:
IFoA

"Financial Reporting Council and Risk Reporting" Working Party, Task and Person Specification

This document contains the details of the Task and Person Specification for a volunteer member of the "Financial Reporting Council and Risk Reporting" Working Party. The Institute and Faculty of Actuaries “FRC and Risk Reporting” Working Party ... read more >>

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Author:
International Actuarial Association

Note on enterprise risk management (ERM) for capital and solvency purposes in the insurance industry

This Note has been developed by the IAA for insurers to support the Standards and Guidance materials developed by the International Association of Insurance Supervisors (IAIS) for supervisors. It draws on industry experience, supervisors’ supervisory ... read more >>

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Author:
IFoA

Risk Management Board, Deputy Chair - Task and Person Specification

This document sets out the task and person specification for the volunteer Deputy Chair of the Risk Management Board (formerly known as the ERM PEC). Deputy Chair - Risk Management Board The Institute of Faculty of Actuaries, (IFoA) is seeking to ... read more >>

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Author:
IFoA

Risk Management Board Terms of Reference

This document sets out the terms of reference for the Risk Management Board. Risk Management Board Terms of Reference Overall Board Objective: To be a source of expertise within the Institute and Faculty of Actuaries (IFoA) on matters relating to ... read more >>

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Author:
IFoA

Terms of Reference - Risk Management Education, Continuing Professional Development (CPD), Career Support and Development Sub-committee

This document sets out the terms of reference for the Risk Management Education, Continuing Professional Development (CPD), Career Support and Development Sub-committee. Risk Management Education, Continuing Professional Development (CPD), Career ... read more >>

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Author:
IFoA

Task and Person Specification, Deputy Chair - Risk Management Education & Continuing Professional Development Sub-committee (RM ECPD)

This document sets out the task and person specification for the volunteer role of Deputy Chair on the Risk Management Education & Continuing Professional Development Sub-committee (RM ECPD) Deputy Chair – Risk Management Education and Continuing ... read more >>

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Author:
IFoA

Task and Person Specification, Committee Member - Risk Management Education & Continuing Professional Development Sub-committee (RM ECPD)

This document sets out the task and person specification for the volunteer role of committee member on the Risk Management Education & Continuing Professional Development Sub-committee (RM ECPD) Committee Member – Risk Management Education and ... read more >>

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Author:
Institute and Faculty of Actuaries

ERM Research & Thought Leadership Committee - Task and Person Specification for Deputy Chair

This document sets out the task and person specification for the volunteer role of Deputy Chair of this committee.  Deputy Chair – ERM Research & Thought Leadership Committee We are seeking to appoint a proactive, innovative volunteer to take ... read more >>

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Author:
International Actuarial Association

Practice note on enterprise risk management (ERM) for capital and solvency purposes in the insurance industry

This Practice Note has been developed by the IAA for insurers to support the Standards and Guidance materials developed by the IAIS for supervisors. It draws on industry experience, supervisors’ supervisory practices, models and frameworks published by ... read more >>

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Author:
David Ingram; Laura Santori; Mark Puccia

Insurance criteria: evaluating the enterprise risk management practices of insurance companies

With the new risk-management evaluation process described in this paper, risk managment will become a separate, major category of S&P analyses. Best performers in that category will have robust risk-management processes that are carried across the ... read more >>

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Economic Capital Subgroup of the Society of Actuaries Risk Management Task Force

Specialty guide on economic capital

At its most basic level Economic Capital can defined as sufficient surplus to cover potential losses, at a given risk tolerance level, over a specified time horizon. This is the working we will use throughout this Specialty Guide, adding details as needed ... read more >>

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Author:
Dr Aled Jones; Irma Allen; Nick Silver; Catherine Cameron; Candice Howarth and Ben Caldecott

Research report - Resource constraints: sharing a finite world. Implications of Limits to Growth for the Actuarial Profession

Economic growth has received significantly more attention globally over the last few years. While traditional growth has been very visible through the consumption of resources, the resources required to sustain the current level of economic growth may not ... read more >>

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Author:
Institute and Faculty of Actuaries

Risk and Investment - Conference Programme Committee 2013 - Detailed Specific Task Description

This document sets out the tasks involved in this volunteer opportunity.  It also highlights the ideal type of candidate and lists the support which the volunteer will receive. Risk and Investment – Conference Programme Committee 2013 Detailed ... read more >>

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Author:
Roger Dix
Source:
Yorkshire Actuarial Society (2012)

What keeps a CRO awake at night? Presented to the Yorkshire Actuarial Society, 28 March 2012

ROGER DIX UK LIFE CHIEF RISK OFFICER "WHAT KEEPS A CRO AWAKE AT NIGHT" WHAT KEEPS A CRO AWAKE AT NIGHT “EVENTS, DEAR BOY, EVENTS” Well “events” have scuppered my plans for today – I made it to this morning’s Managers Forum, which was ... read more >>

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Author:
Paul Sweeting

Financial enterprise risk management - errata sheet for textbook

Errata sheet for Financial enterprise risk management by Paul Sweeting. Updated as at 21 November 2012 Financial Enterprise Risk Management – Paul Sweeting  ERRATA  3 October 2011  Page  Words/ref  Line  Comments  12  6+7   6  Delete “by”  29  ... read more >>

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Author:
Institute and Faculty of Actuaries and the Institution of Civil Engineers

Handling uncertainty - the key to truly effective Enterprise Risk Management

The actuarial and civil engineering professions have jointly sponsored this booklet, as a contribution to thought leadership and in the public interest, as well as for the guidance of our own members. It outlines a significant new approach to Enterprise ... read more >>

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Author:
Institute and Faculty of Actuaries; Institution of Civil Engineers

Handling uncertainty - the key to truly effective Enterprise Risk Management

The actuarial and civil engineering professions have jointly sponsored this booklet, as a contribution to thought leadership and in the public interest, as well as for the guidance of our own members. It outlines a significant new approach to Enterprise ... read more >>

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Author:
Neil Cantle
Source:
Paper prersented to Yorkshire Actuarial Society, 29 November 2011

Applications of complexity science to risk appetite and emerging risk

© 2011 The Actuarial Profession  www.actuaries.org.uk Yorkshire Actuarial Society Neil Cantle, Milliman Applications of complexity science to risk appetite and emerging risk Applications of complexity science Introduction © 2011 The Actuarial ... read more >>

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Author:
Paul Klumpes
Source:
EDHEC-Risk Institute

ERM - Credit Rating and Hedging Impacts (Do credit rating incorporate firms' risk management?)

Abstract Keywords: credit rating, credit risk, firm’s risk. 1 Do credit rating incorporate firms’risk management? Abstract This study investigates the relation between firm risks and credit rating for a larger sample of US-firms over the ... read more >>

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Author:
Financial Reporting Council
Source:
Financial Reporting Council

Effective Company Stewardship - Next Steps

The Financial Reporting Council (FRC) consults on changes to the UK Corporate Governance Code, the Guidance on Audit Committees and the Turnbull Guidance in relation to audit committee reports and risk.  This is the feedback statement on the ... read more >>