Is the US property & casualty (P&C) insurance industry overcapitalized? Many practitioners
and industry observers claim that the industry is awash in capital, and that this excess capital …

Examines the rapid advances in risk measurement capabilities of financial institutions with
the Basle Accord standards firmly in mind. Gives firm guidelines from the Basle Committee …

Small banks are using economic capital in six key ways to exe-cute strategies and compete
more effectively: comparing riskadjusted returns to understand where shareholder value is …

Risk management professionals have done their part to quantify risk in terms of Economic
Capital. They have developed sophisticated probabilistic models to measure all risks and link …

The authors’ firm, Risk Management Solutions (RMS), has had a front-row seat in the
development of catastrophe-linked securities from an esoteric, fringe asset class to a mainstream, …

This article, the first in a series covering enterprise-wide risk management primarily at the
regional bank level, considers the key factors and time lines associated with implementing and …

Detailed analysis of the causes of mortality improvement provides insights into longevity risk:
the likelihood of liabilities for annuity portfolios being significantly higher than expected. …

Life insurance and annuities have opposite sensitivity to changes in life expectancy. If life
expectancy increases, life insurers will experience a loss on their annuity portfolios because …

The concept of the defined benefit corporate pension plan, at its most basic level, makes
sense. The pension is a form of deferred compensation, designed to provide employees with …

This article examines the landscape of mortality assumptions in US pension plans, both
past and future, and includes an analysis of how ever-increasing life expectancy in the US …