This section "AFIR/ERM/RISK" - derived from the IAA Section - is concerned with questions of financial risks and risk management in the finance and insurance business. Actuaries have a core role in risk management because they are involved in all the key steps of the insurance business. Moreover, some of the main tasks and duties of risk management consist in anticipating future developments, making forecasts and being prepared for these developments. Lately, especially emerging risks, e.g. climate risks or pandemic risks, have given the field a new level of importance.
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