Description: Summarizes the Section's sponsored 2011 Annual Meeting sessions: business meeting, receptions and 3 programs - 'IFRS: The Future of Accounting for Insurance and its Implications', 'Where Enterprise Risk Management Meets Capital Management' and 'Managing Longevity and Mortality Risks and their Global Activities', plus some non-technical sessions on successful retirement.

Description: New Zealand is about to launch its first variable annuity with guaranteed lifetime withdrawal benefits. The product design is mindful of the lessons from the financial crisis in the United States, Europe and Japan.

Description: As insurance companies in many jurisdictions around the world are in the midst a major overhaul of financial reporting processes for insurance contracts, the question about tapping on the experience of Solvency II may help these companies to implement IFRS 17. There are a few similarities between IFRS 17 and Solvency II, most notably with respect to the economic balance sheet approach, or the probability-weighted cash flow discounting techniques that both methodologies require. In addition, both IFRS 17 and Solvency II imply as broad and profound impact on all aspects of how insurers conduct business, from valuation methodologies and governance, data, processes, and technology impacts. Changes in roles and responsibilities between actuarial and finance departments also represent a considerable business impact. However, in this article the author highlights the salient differences between IFRS 17 and Solvency II.

Description: This article provides a brief summary of the October 25-26, 2010 Institute of Actuaries of India's Seminar on Current Issues in Retirement Benefits held in Mumbai, India. The purpose of the seminar was to provide a general and technical update to all Indian professionals who are involved in the design, management, accounting and evaluation of employee benefit schemes.

Description: This article relates the experience of a retired actuary's volunteer's work in a USAID/Farmer to Farmer program. he work was to review the IFRS accounting treatment of a non-profit foundation based in Colombia.

Description: This article is the first of a two-part series on international developments. It discusses the actuarial focus on application of risk expertise to insurance and pensions vs. the newly developing focus on enterprise risk management.

Description: At this time of economic distress, companies throughout the world are intensely focused on upgrading their risk management capabilities, as are their home country regulators. This article explores one example of how a part of this transformation was accomplished for several major Korean insurers.

Description: A brief primer of the euro, its noted lack of impact on the European Life insurance and pension industries and anticipates the expansion of the European Union,

Description: This is an article discussing the update on the SOA international experience study which has expanded the topics being studied from individual life insurance mortality and persistency experience to also include agent retention and productivity.

Description: The author discusses riding the globalization wave. To walk on water in the information flood and the foreseeable globalization wave, we need the highest business ethical standards, the wisdom to make informed decisions, and the willingness to have an open-mind with patience to accept and handle differences. All of these can be summarized in these qualities: responsible, caring and respectful.