Description: This is the digest from the informal discussion reviewing the 1951 Impairment study. It is the latest in a series of studies covering mortality of impaired risks. It covers the experience under Ordinary insurance issued from 1935 to 1949 traced to the anniversaries in 1950. Standard and substandard policies were studied separately.

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Description: This paper provides an overview of those cognitive biases most often responsible for flawed risk assessments and provides practical techniques to mitigate them. Through a combination of mathematical rigor, case study, metaphor, and logic, the author highlights systematic errors in our thinking about risk and provides ways to avoid them.

Description: This monograph contains a collection of papers that were submitted in response to a call for papers issued in 2006 officially titled "Retirement Spending and Changing Needs during the Retirement Period." The papers were presented at the Society of Actuaries' 2007 Annual Meeting in Washington D.C. as part of a three–session seminar embedded within the meeting. The papers explore the range of needs in retirement considering those that are essential, discretionary, or unpredictable as well as changing consumption patterns throughout retirement.

Description: This article focuses on one fundamental modeling assumption — the choice of a benchmark rate or risk-free rate. The author looks at this bond market assumption as a case study of how one needs to monitor fundamental market changes for their impact on assumptions.

Description: This committee will periodically study and analyze the social security program, particularly as to provisions for retirement income and disability benefits.

Description: This is the Executive Summary of the results of a study, sponsored by the Society of Actuaries and the Actuarial Foundation, which assesses the extent to which retirement planning software programs help users understand post-retirement risks.

Description: 1993 SOA Spring Meeting, Boston. This session is about applications of the capital asset pricing model in the fixed-income environment, in the international investment environment, and in the property/casualty environment. Topics addressed: • Single-index model. • Multiple-index model. • Impact on risk.

Description: This paper is intended to be a resource for actuaries and other professionals interested in learning more about longevity risk. It summarizes the results of the literature review by discussing observed trends and outlook on mortality, development of retirement markets, ways to mitigate risk, summary of products with risk exposure and quantification and management of the risk.

Description: Task Force report on life insurance company sales illustration practices from the perspective of the consumer. The study analyzes how well current illustration practices serve their primary functions of: 1. showing the consumer their policy values and premium payments over time, and 2. projecting best estimates of future performance and providing cost and performance comparisons with other policies.