Risk Management (HRM) Subgroup
October 2, 2003
1:00 p.m. Central Time
Trevor Pollitt (Leader),
Tim Adams, Kara Clark (SOA), Mike Crook, Randy Edwards, John Stark
Update by Kara on
metrics research project
The financial reporting workgroup has initially decided to develop a white
paper addressing some of the metrics reported by publicly traded companies.
They may decide to develop a research project to look at alternatives
to the metrics used in current practice but have not reached that point
yet. We will therefore shape the project ourselves, if at all (see below).
Discussion of Orlando
HRM Open Forum
John quickly sketched out the forum for the group. Roughly 20 people have
signed up so far. Of the participants in this call, John, Trevor, and
Kara will be in Orlando.
What we can and want
to work on
We have multiple directions to continue along, after an active discussion
of risk measures.\
- Tim offered to forward
examples of the metrics he compiled while at 2 different consulting
firms, several years ago. They will be distributed to the subgroup,
who will comment on the metrics and any variations that they have seen.
In other words, we will shortcut the metrics project by drawing on our
subgroup members' experience.
- John offered a reading
list for Risk Measurement. These theoretical papers need to be (and
likely will be) crafted into practical tools. If we wish to influence
that crafting, we have a window of opportunity.
- Trevor and Kara will contact
some of the major rating agencies (Moody's, S&P, Bests, ...) to
see if they would be willing to share the metrics they use. Representatives
from some of the agencies have spoken at SOA meetings in the past and
may be willing to provide us with some additional perspectives.
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