editor introduction
Steve Lindo Editor, PRMIA
Dr. David Veen Editor, PRMIA
Nagaraja Kumar Deevi Editor, PRMIA
The July 2021 issue of Intelligent Risk continues to focus on the impact of COVID-19. In the US, at least 56% of the population have received at least one vaccination dose, compared to 22.9% of the global population. A recent Federal Reserve survey found that the economy strengthened further in late May and early June, despite supply-chain bottlenecks that led to price hikes. Overall, the economy is showing signs of recovery and improving, with a few exceptions where vaccinations are not available or widely adopted, and the path to recovery is slow. In response, many organizations are launching hybrid work plans with a blend of flexible in-office and remote work. Against this cautiously improving backdrop, PRMIA’s Sustaining Members contributed a variety of topical articles about economic recovery mirrored in the stock market, managing financial risks in (re)insurance in the post-pandemic world, changes in the CVA framework beyond Basel III, NSFR – the final leg of liquidity regulation, the emerging environmental risk assessment process for sustainability, failure of Archegos, stock markets and pandemia, the perils of ignoring climate risk, and the potential for dedicated R&D in banking operations. We thank this issue’s authors for their thoughtful contributions and extend our wishes for all to be cautious and follow all health safety guidelines. We hope that PRMIA’s members will find the articles published in this issue interesting and enjoy reading them as much as we did reviewing and editing them. We would like to end with a special mention of the valuable contributions to PRMIA’s body of knowledge by our long-time volunteer Kalyan Sunderam, who passed away recently. Our deepest condolences and prayers go to his family and dear ones as they mourn his loss.
Intelligent Risk - July 2021
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