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Enterprise Risk Management

Actuaries bring a lot to the emerging field of Enterprise Risk Management (ERM).

Progressive businesses are increasingly looking to ERM to help protect and build shareholder value. ERM involves reducing or eliminating risk, where possible, and in the alternative, making judgments about what risks should be accepted or avoided. ERM contributes to sustainable earnings and adds value to businesses by helping companies to identify manageable risks and avoid risks that can negatively affect shareholder value.

Actuaries help turn risk into opportunity. The profession has been forecasting and managing risk for more than a century, making actuaries the most qualified professionals to lead companies into the dynamic area of ERM.

Actuaries are uniquely qualified to practise in the ERM field: no other profession brings the combined statistical and business background that allows actuaries to be comfortable with risks that may not be quantifiable. Our strong training allows us to help organizations operate more effectively in environments filled with risk.

Actuaries are active in risk analysis, risk measurement and risk reporting. They are also active in pricing and valuing risk, including appraisals for mergers and acquisitions, business modeling, and the development and pricing of new products.

Actuaries possess the vision to develop and implement unified financial, capital, strategic and risk management and to recognize the attractive risks that either offer a relatively higher reward or that can be pooled or used to diversify a business portfolio.