Feature Articles

• A Quantitative Comparison of Stochastic Mortality Models Using Data from England and Wales and the United States
• Andrew J. G. Cairns, David Blake, Kevin Dowd, Guy D. Coughlan, David Epstein, Alen Ong, and Igor Balevich
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• Multivariate Models of Equity Returns for Investment Guarantees Valuation
• Mathieu Boudreault and Christian–Marc Panneton
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• An Option–Based Operational Risk Management Model for Pandemics
• Hua Chen and Samuel H. Cox
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• Optimal Management of an Insurer's Exposure in a Competitive General Insurance Market
• Paul Emms and Steven Haberman
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• Relative Hedging of Systematic Mortality Risk
• Michael Ludkovski and Erhan Bayraktar
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• Minimizing the Probability of Lifetime Ruin with Deferred Life Annuities
• Erhan Bayraktar and Virginia R. Young

Departments

• Discussion of Papers Already Published
• "The Time of Recovery and the Maximum Severity of Ruin in a Sparre Andersen Model"
• Discussion by Jiandong Ren