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Author:
The IFoA's FRC and risk reporting working party (ACA workstream)

New risk guidelines for companies - how actuaries can help you to comply

New risk guidelines for listed companies will come into operation for financial periods starting after October 2014, so will typically apply for the first time from year-end 2015, first reported on in early 2016. The guidelines will require complying ... read more >>

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Author:
The IFoA's FRC and risk reporting working party

Practical applications of actuarial skill in risk management today

The extent of actuaries’ activities is perhaps best illustrated by the economic capital models now being used for risk management, capital management and regulatory reporting.  Banking and insurance regulators now require us to evaluate the additional ... read more >>

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Author:
IFoA's FRC and risk reporting working party

Actuarial skills in risk management

For over 250 years actuaries have been quantifying mortality risks in order to calculate life assurance premiums and reserving requirements for insurance companies on a scientific basis. In recent years actuaries have greatly expanded the range of risks to ... read more >>

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Author:
IFoA

Task and Person Specification - Member of the Risk and Investment Conference Programme Committee

This document contains the details of the Task and Person Specification for a volunteer member of the Risk and Investment Conference Programme Committee. Committee Member – Risk and Investment Conference Programme Committee The Institute and Faculty of ... 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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Terms of Reference - Risk Management Research and Thought Leadership Sub-committee

This document sets out the Terms of Reference for the Risk Management Research and Thought Leadership Sub-committee. Risk Management Research subcommittee Terms of Reference Research and thought leadership:  identify, promote and foster research ... read more >>

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Author:
IFoA

Terms of Reference - Risk Management Board

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

"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:
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:
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:
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:
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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Author:
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:
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:
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 >>