Description: In our rapidly changing world, it is becoming hopeless to try to arrive at a satisfying description of future conditions, even in the short run. Yet prices for new life insurance must somehow reflect one’s view of events even in the far distant future. futurism

Description: The scientific form of insurance was made possible by the emergence of probability in the 15th century. The first probability problem appeared in a book entitled Srunma de Arithmetica, Geornetrla, Proportloni et Probabilta 1494, written by Fra Luca Paccioli, a Franciscan monk.

Description: The author explores research and concerns about sustainability, and how actuaries can contribute to the discussion.

Description: Article Nathaniel Ingersoll Bowditch by Bartlett in The Actuary, June 1979, Volume 13, Number 6

Description: Summarizes presentation on two accounting problems: implementation of Opinion 8 and not having an audit guide applicable to the preparation of annual reports to stockholders of life companies.

Description: Discussion of the 1998 Generally Recognized Expense Table GRET and questions pertaining to the acceptable use of the GRET to demonstrate compliance with the NAIC Life Insurance Illustrations Model Regulation.

Description: Social Security poses a substantial financing challenge for the future, largely due to demographic changes. This article explores the reasons behind this issue and possible changes that will be needed in the future.

Description: The editorial illustrates public finance issues, focusing on the themes of Social Security and Medicare Advantage plans that are highlighted in this issue.

Description: Rising drug—and, to a lesser extent, health care—costs in Canada are creating long-term challenges for not only governments and employers across Canada but for individuals as well, with no easy answers.

Description: Social security systems around the world have suffered from inadequate funding, leading to current or potential deficits and ultimate insolvency. This article discusses that this problem is a direct actuarial consequence of the inadequate funding that created the problem in the first place. It is simply an open group valuation problem.