Casualty Actuarial Society

New Members

Call for Essays on the Financial Crisis

11/04/2008 —

The current financial crisis presents a horrific case study on what can go wrong. Its ramifications are far reaching and the lessons learned will be embedded in risk management practices for years to come. As risk professionals we have substantial insight into what went wrong and the implications for the future. In an effort to solicit this perspective and share it with the public, the Society of Actuaries (SOA), the Casualty Actuarial Society (CAS), and the Canadian Institute of Actuaries (CIA) propose to publish a series of essays similar to what was recently done by economists. Their finished product and a Wall Street Journal article discussing the essays are attached.

We are, therefore, asking for essay contributions from you on the following topic:
Risk Management: The Current Financial Crisis, Lessons Learned and Future Implications

The topic has been intentionally left broad to allow essays that address industry-specific issues or a wide range of issues across industries. The essays can be retrospective or prospective in nature. An essay should be no more than two pages (approximately 1,500 words or less) and should be submitted no later than November 15, 2008. Depending on the response, we may have to limit the number of essays that ultimately are published. SOA and CAS resources will be utilized to publish and promote the resulting publication, including leveraging public relations firms. Publication is planned for November 25, 2008. Submit your essay here.

Feel free to pass along any questions to Robert Wolf, Staff Partner- Risk Management at the SOA, who will be coordinating the publications development.

We welcome any thoughts or suggestions.

We are looking forward to your participation.

Don Mango, Chairperson, Joint Risk Management Section – Society of Actuaries (SOA), Casualty Actuarial Society (CAS), Canadian Institute of Actuaries (CIA)
Marc N. Altschull, Chairperson, Investment Section, Society of Actuaries (SOA)
Wayne Fisher, Executive Director, Enterprise Risk Management Institute Int'l. (ERM-II)

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