Risk Management Section Formed

The Risk Management Section of the Society of Actuaries was formed to foster education and research in the area of risk management and to establish cutting-edge risk management techniques. SOA sections are special interest groups that serve their members by offering newsletters and networking opportunities with professional colleagues. Sections are also involved with planning seminars and managing research projects. Participation in sections is not limited solely to members of the Society of Actuaries.

At the September 2003 CAS Board of Directors meeting, the Board endorsed the idea of encouraging CAS involvement in the Risk Management Section. John J. Kollar, a liaison to the section council from the CAS Enterprise Risk Management Committee, initiated discussions with the council about evolving the section into a jointly sponsored entity. The proposed Joint CAS/SOA Risk Management Section would build on the success of the recent joint ERM Symposium, which attracted about 400 attendees this year.

CAS (and SOA member) Shaun S. Wang, who is a member of the Section Council, commented, “We are pushing to make sure both societies are moving forward together on this initiative.”

CAS members are encouraged to join and participate in the CAS/SOA Section. CAS/SOA Risk Management Section dues are only $20 annually and include:

• A newsletter,
• Invitations to the Section’s meetings, which feature a combination of
  social/networking and learning sessions, and
• Opportunities to participate in or keep informed about various
  research projects and continuing education events.
  

See the SOA Web Site for more information about joining the Risk Management Section.