On July 22, Academy President Cecil Bykerk sent a letter to the editor of The New York Times pointing out that a story regarding Detroit’s pension shortfall mischaracterized actuaries as “running” pension plans and urging the Times to report on “the causes and the fi
The Enterprise Risk Management Committee released the final version of its practice note, “Insurance Enterprise Risk Management Practices,” which discusses ERM practices within the insurance industry and concepts such as risk culture, risk organization, and risk governance.