Description: The abstract for paper Mortality Improvement Select Birth Cohorts and Their Effect on Pricing Survivor Bonds.

Description: Discusses the reasons for, and the economic impacts of, the backdating of life insurance policies, and what changes in the industry might evolve to address them.

Description: 2004 SOA Spring Meeting, Anaheim, CA. This session was about various alternative skills that actuaries might need such as business acumen, communication skills, asset knowledge, knowledge of broader financial markets, and knowledge of corporate operations.

Description: Argues that by shifting the risk from the insureds - financial institutions - to the insurer - the federal government, we affect the behavior of the insureds. Once the consequences of the risk are absorbed by someone else, the insureds can assume more risk. This must be changed.

Description: This session from the 1995 SOA Boston Meeting presents different governmental approaches to providing financial security and health benefits for retirees, the problems associated with aging populations and the reduction in resources available to meet their needs. From the Record of the Society of Actuaries, Vol. 21, No. 4a.

Description: A discussion of how in recent years, the unpredictability of cash flows has become a bigger source of risk than it was in the past for insurers. Includes a discussion of how some of the risk due to this unpredictability might be managed through asset management strategies. From Asset-Liability Integration, M-0FI02-1.

Description: Part 1 proposes solutions to the first of three flaws of the current financial model to obtaining the fair value of the public sector employer’s pension benefit liability.

Description: The current financial model put forth as the market value of public sector pension benefit liabilities is simply the expected cash flows of the accumulated benefit obligation, as defined for current private sector financial reporting, discounted using a risk-free yield curve. This model is in serious need of an overhaul. This monograph addresses this issue.

Description: Discussion of Human capital and its implicit asset and liability cash flows how insurance companies could help measure and provide products to help match up the timing of those cash flows. From Asset-Liability Integration, M-FI02-1.

Description: This paper asks the Modligliani-Miller question regarding the mortgage markets. The paper is essentially about the genesis of the credit crisis. The proposed answer is that the practice of risk should not be allowed without actuarial supervision.