Does anyone remember the classic board game Risk? I had a good childhood friend who loved to play this game. It required a lot of patience, strategy and a good sense of timing – I could never get the hang of it. (Then Atari came along – forget about it!)
Fast forward 30 years. In the course of writing this blog, I’ve had many discussions with actuary friends. Time and time again, these same themes keep popping up: de-risking tactics take time to develop, a careful strategy must be employed and timing of your action can greatly impact the results.
I’m sure these guys would have dominated me at Risk.
In an earlier post, Helping DB Plan Sponsors Sleep at Night, I discussed several ways in which DB plan sponsors can manage their risk. Below, I’ll provide more detail on each option. You can see that patience, strategy and timing all come into play. Read more