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CAS, SOA and CIA Through the Joint Risk Management Section Issues New Report on a Network Model for Regulating Systemic Risk

10/23/2012 —

Development of a Network Model for Identification and Regulation of Systemic Risk in the Financial System

Research Projects in Risk Management

The Casualty Actuarial Society, Canadian Institute of Actuaries, and the Society of Actuaries' Joint Risk Management Section is pleased to make available a research report in which a network approach is taken to characterize the systemic risk of two nontraditional insurance industries: bond insurer industry and the CDS market. These industries were chosen since traditional insurance industries do not generate significant systemic risk. The report was authored by Risklighthouse, LLC. The report can be accessed below in related documents.

If you have any questions or comments regarding the report, please contact Steve Siegel, Research Actuary at

The Joint Risk Management Section would like to thank the following individuals for their input and review:

    Edson Edwards
    Glenn Meyers
    Dave Sandberg
    Jesse Schwartz
    Henry Siegel
    Steve Strommen
    Robert Wolf
    Steve Siegel, Research Actuary
    Barbara Scott, Research Administrator

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