Description: Article is a detailed discussion of the Risk Management and Own Risk and Solvency Assessment (RMORSA) Model Act that was recently approved by the NAIC and is being adopted by legislatures across the country.

Description: In this article, the author examines how a seemingly impossible event becomes a harsh or startling reality.

Description: Performance measurement is not the primary purpose of either GAAP or statutory accounting. This article discusses alternative methods of reporting used by life insurance companies to better measure financial performance.

Description: For the purposes of risk management and stress testing, we characterize a spectrum of plausible extreme events, that we dub Grey Swans, by introducing a probabilistic method involving the concentration of measure phenomenon. As a result, stress tests can be triaged according to severity, probability and, now, information-based plausibility.

Description: This article discusses incentive compensation metrics set to motivate performance, retain people, satisfy legal constraints and Say-on-pay and promote good risk management. Alignment discussion between actual metrics characteristics and the behavior they promote.

Description: This article advocates for a lower variable part in salary and increase focus on other mechanisms (goal setting, simpler product, management, culture and processes). The psychological aspect of belonging to the incentive compensation pool is more important that the financial aspect.

Description: This essay advocates for the consideration of risk in an interdisciplinary framework. An "effective resilience" metric is introduced as a way to reflect an organization's exposure and response to an adverse event, and to measure the ability of the organization to mitigate and recover from the resulting reduction in its operating level. Part of the essay collection "Risk Metrics for Decision Making and ORSA"

Description: This research report that provides a literature survey of methodologies applying machine learning to insurance claim modeling.

Description: Analysis tool associated with the research report that models the impact on the U.S. insurance market resulting from a post-Brexit economy in the UK. keywords: European Union;Brexit;Insurance industry

Description: Response to David Kausch’s comments on the paper.