Subject: Updated IAA Risk Book Chapter on Distribution Risks

TO:IAA Member Associations and Members of all IAA entities

Subject: Updated IAA Risk Book Chapter on Distribution Risks

The Insurance Regulation Committee is pleased to publish the updated chapter in the IAA Risk Book on Distribution Risks.This latest chapter of the Risk Book provides the reader with an understanding of what distribution risks are and how they can impact the business of insurance. These risks are inherent in the delivery of insurance products to policyholders and should be considered key elements of the risk management process of an insurer.

The IAA Risk Book, developed and maintained by the IAA Insurance Regulation Committee, provides high-quality reference materials to help readers better understand how actuaries contribute to the assessment and management of risks and inherently uncertain future outcomes often in the financial services (insurance, investment, pension etc.) but also more broadly.

The Risk Book is written to be accessible to a wide range of readers, many of whom may not be actuaries or experts in the areas discussed but may be decision-makers in those areas. Consequently, the Risk Book provides insight into the ideas and concepts behind actuarial topics and concepts and is therefore focused on being descriptive rather than being formal and mathematically precise.

The Risk Book is intended to be a dynamic and evolving resource, updated over time, reflecting new areas where actuarial expertise can add value, experience and advances, and topics of current interest and importance.

Please visit the IAA website (IAA Risk Book) for more information regarding the IAA Risk Book.