Operational risk is the risk of loss, arising from inadequate or failed internal processes, people and systems or from external events. That is the definition of operational risk for regulatory purposes. Operational risk management is usually part of ERM and actuaries are typically not involved in these processes. That is often because of poor data […]
In the wake of the COVID-19 pandemic, mathematical epidemiology has been tasked with explaining and forecasting case and fatality numbers based on incomplete data. As both the disease itself as well as policies introduced to curtail its spread turned out to have considerable effects on health and economic outcomes, it is more imperative than ever […]
Operational risk is the risk of loss, arising from inadequate or failed internal processes, people and systems or from external events. That is the definition of operational risk for regulatory purposes. Operational risk management is usually part of ERM and actuaries are typically not involved in these processes. That is often because of poor data […]
The actuarial focus has changed significantly over the last couple of years. Computational power is increasing with exponential growth, in addition more and more data is available. This combination puts the actuarial profession into a position where a new understanding has to be developed on today‘s possibilities of actuarial science and its ethical implications. The […]
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