Risk Insights Resource Center
Displaying 21 results
Past Events and Content
Wildfire Risk Implications for Property and Insurance Markets
March 7, 2025
Calls for changes in risk-based insurance pricing, regulation and risk modeling have grown louder in the aftermath of California’s devastating ...
The Art of Buying and Selling Risk Analytics
October 11, 2024
How can consultants or third-party vendors of analytics and models separate themselves fromthe pack? And what are banks looking from these external ...
The Limitations of Models and the Need for Simpler Scenarios
June 14, 2024
Risk models today are asked to perform statistical miracles, covering a multitude of far-flung scenarios that cannot be validated. This approach ...
Reflections on the Value of Models
May 31, 2024
Right or wrong, models “are essential to making sense of the world.” It’s a problem “when people become servants to their particular models.”
Make Your Move with the FRM
December 12, 2023
The ability to make timely, informed, risk-based decisions is fundamental to the success of companies in every industry. Are you curious about how ...
5 Ways to Improve Model Risk Management
November 17, 2023
How risk assessment, data management, governance and AI can contribute to continuous improvement.
The Road to Better Model Risk Management
October 27, 2023
Firms new to the discipline have their work cut out as regulators bring attention and clarity to model risk. The experience of forward-thinking early ...
A Guide to PRA’s Model Risk Management Principles
August 1, 2023
UK-incorporated banks, building societies and investment firms that use internal models for capital calculations now face pressure to adhere to model ...
The Suitability of Models in Today's Environment of Emerging Risks
July 13, 2023
Model failures in recent times have called into question the effectiveness of the methodologies currently used by many banks, particularly for credit ...
Lying with Statistics: How Risk Model Selection Contributed to SVB’s Downfall
April 21, 2023
Just how easy is it to manipulate data in a model to suit the preferences of an individual or of bank management? Flaws in the current model ...
A Defense of Empirical Risk Management
February 24, 2023
Traditional credit risk models have recently come under heavy fire. But there is still value in learning from history, even while modifications are ...
Model Risk Management Challenges and Opportunities in a Volatile World: A Q&A with Evan Sekeris
January 20, 2023
In uncertain times marked by rare and extreme events, the obstacles facing risk modelers are steep. But aspiring and early-career FRMs with an ...
Scenario Analysis: Assessing the Quality of the Journey
July 29, 2022
Model Risk Management Lessons Learned: Tracing Issues from the Pandemic to the Great Recession
July 8, 2022
Robust Estimation of Loss Models in the Insurance Industry
May 5, 2022
Comprehensive loss models are important for all financial services firms, but particularly for insurers. Chudamani Poudyal and Vytaras Brazauskas ...
Rethinking Business Models from the Perspective of ESG
March 17, 2022
Forward-looking financial institutions are adapting their methodologies to account for environmental, social and governance issues. Enrico Guarnerio ...
The Art of Running Model Validation in a Bank
March 10, 2022
Financial institutions are under increasing regulatory pressure to implement robust model validation. Subrahmanyam Oruganti and Surabhi Kashyap ...
Modeling and Forecasting the CBOE Volatility Index
August 19, 2021
Predictions of future price variability are needed to measure the risk of a portfolio and to value financial instruments. Giuseppe Corvasce examines ...
The Potential Impact of ESG on Tail Risk
June 10, 2021
Environmental, social and governance (ESG) trading activity has become a staple of financial markets, but whether ESG scores convey information ...
Modeling Extreme Events
March 25, 2021
What factors should financial institutions consider when forecasting and analyzing rare tail-risk incidents? Bernd Schwaab, Andre Lucas and Xin Zhang ...
What is a Model? And other thoughts with Sonia Sodhi
June 18, 2019
We spoke with Model Risk Management expert Sonia Sodhi at the SAS Global Forum on What is a Model? and more. To view Sonia's slides and audio and all ...