Seen in the Australian Financial Standard:
Actuaries will play a more central part of the banking and financial services sector as a result of the US sub-prime mortgage crisis, according to Greg Martin, Institute of Actuaries of Australia president.
“We are seeing enterprise risk management (ERM) roles proliferate across the financial services sector particularly where recent volatility and repricing has highlighted the need for ERM related skills and disciplines. Actuaries are playing an increasing role in this trend,” said Martin.
I realize that from my vantage point in the P&C side of the American insurance industry, it was tempting to question the SOA’s creation of the Chartered Enterprise Risk Analyst (CERA) designation last year.
However, it is interesting to see an Aussie grasp on such an expansion of / shift in actuarial focus as a way to expand the profession into other industries.
Also, the quote above conjured the image of Superactuary, traveling faster than a speeding bullet to save mild-mannered economists from the dungeon of Evil Credit Crunch Guy….an image which amuses me far more than it should. 
