NU Online News Service, Oct. 2, 12:50 p.m. EDT
While models and mathematical analysis are important in monitoring risk, there's nothing like digging beneath the surface to truly understand exposures, according to a new report on "The Financial Crisis and Lessons for Insurers."
The paper--authored by Shaun Wang, Ph.D., and sponsored by the Society of Actuaries--looks at the subprime mortgage problem and subsequent financial crises, as well as the role of enterprise risk management in addressing future events.
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