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Incentive Compensation — The Critical Blind Spot in ERM Today

The Joint Risk Management Section of the Canadian Institute of Actuaries (CIA), the Casualty Actuarial Society (CAS), and the Society of Actuaries (SOA), in collaboration with the International Network of Actuaries in Risk Management (IN-ARM), are pleased to release our fourth essay e-book, this time addressing "Incentive Compensation – The Critical Blind Spot In ERM Today." Here is the Call for Essays. To find out more about past JRMS Essays and White Papers, please check the JRMS website.

Download a Complete Collection of the Essays

Introduction

The Necessity of Risk Management Culture and Incentive Pay
By Etti Baranoff

Enterprise Risk, Enterprise Risk Reward
By Dennis Barry

Incentive Compensation and the ERM Person/ Actuary
By Charles Bryan

Managing Risks in Incentive Compensation Plans
By Karen De Toro and Nathan Pohle

Key Considerations for Incentive Design
By Margaret Fleming

Creating More Tail Risk in the Incentive Compensation Plan as a Risk Mitigation Strategy
By Joonghee Huh

Management is Needed – Not Incentive Compensation
By David Ingram

Incentive Compensation – The White Swan in Risk Management
By Minaz Lalani

Incentive Compensation Principles
By William Mech

Incentives and Systemic Risk: Not Just for Company Executives
By Max Rudolph

The Entitlement Paradox
By Russell Sears

Incentive Compensation/Risk Management - Integrating Incentive Alignment and Risk Mitigation
By Towers Watson (Rick Beal, Alex Weisgerber, Claudia Poster and Esther Becker)

Some ERM Perspectives on Incentive Compensation
By Al Weller