Feature Articles

• Natural Hedging of Life and Annuity Mortality Risks
• Samuel H. Cox and Yijia Lin

• Trajectories of Disability and Mortality among the U. S. Elderly Population: Evidence from the 1984 -1999 NLTCS
• Eric Stallard

• Predictive Modeling with Longitudinal Data: A Case Study of Wisconsin Nursing Homes
• Marjorie A. Rosenberg, Edward W. Frees, Jiafeng Sun, Paul H. Johnson, Jr., and James M. Robinson

• A Synchronous Bootstrap to Account for Dependencies between Lines of Business in the Estimation of Loss Reserve Prediction Error
• Greg Taylor and Grainne McGuire

• Normalized Exponential Tilting: Pricing and Measuring Multivariate Risks
• Shaun Wang

• Determining the Optimum Guarantee Period for a One-Life Retirement Annuity
• Gopi Shah Goda and Colin M. Ramsay

• Using Aumann-Shapley Values to Allocate Insurance Risk: The Case of Inhomogeneous Losses
• Michael R. Powers

• The Discounted Joint Distribution of the Surplus Prior to Ruin and the Deficit at Ruin in a Sparre Andersen Model
• Jiandong Ren

• Robust and Efficient Methods for Credibility When Claims Are Approximately Gamma-Distributed
• Harald Dornheim and Vytaras Brazauskas

• Absolute Ruin Probabilities in a Jump Diffusion Risk Model with Investment
• Hans U. Gerber and Hailiang Yang

Departments

Discussion of Papers Already Published

• "Stochastic Annuities,"
• Discussion by Bangwon Ko and Andrew C.Y. NG

• "The Impact of DC Pension Systems on Population Dynamics,"
• Discussion by Mark Malnati
• Authors' Reply

• "An Extreme Value Analysis of Advanced Age Mortality Data,"
• Discussion by Mark Bebbington, Chin-Diew Lai, and Ricardas Zitikis

• "An Actuarial Premium Pricing Model for Nonnormal Insurance and Financial Risks in Incomplete Markets,"
• Discussion by Edward Furman and Ricardas Zitikis

• "A Risk Model with Multilayer Dividend Strategy,"
• Discussion by Eric C.K. Cheung