Owen Kelly-Smiths letter, Cost of Regulation (The Actuary, December 2015, bit.ly/1nbgkh9), calls for a review of the merits, or otherwise, of continuing to be a regulated profession.
I have read Charles Cowlings letter very carefully
(The Actuary, December 2015, bit.ly/1T7XqEa) and, in the spirit of promoting harmony, I would like to highlight a sentence in it with which I agree.
Paul Harwoods article, The Evolution of ERM (The Actuary, June 2015, bit.ly/1QZY73e), discusses how to optimise the second generation of enterprise risk management (ERM), and makes the following statement: In summary, second-generation ERM is about better decision making (BDM ERM), which adds value when its users, primarily boards and managers, are confident that they are overseeing, or making, quality decisions.
Mr Solomon Greens letter of 11 November (The Actuary, December 2015, bit.ly/1RUVcJo) casts doubt on the competence of all those men and women working in the complex and important field of climate modelling.
