Description: Panelists at this session of the SOA 2003 Washington, DC Spring Meeting give an historical perspective and discuss actual and proposed changes to the Standard Nonforfeiture Law for annuities and life insurance.

Description: Year 2004 marked the first tax-filing year that certain corporate taxpayers were required to file the newly created IRS Schedule M-3–designed as a replacement for the Schedule M-1, which is used to reconcile a corporation's financial accounting income or loss with its taxable income or loss.

Description: Presented at October 1986 Annual Meeting. This session discusses new forms of compensation that are being utilized, the impact on product design, and the impact on company profitability.

Description: Monetary policies of major central banks have undergone tremendous changes. In fact, it has become the basic tendency for major central banks to minimize the risk-free rate and the real interest rate and to postpone macro credit risk to its utmost extent. This tendency will have a profound impact on the bond and stock markets involving insurance institutions. The long-term asset allocation of insurance institutions needs to adapt to this change.

Description: This presentation from the Actuarial Society of Greater New York's November 2011 meeting provides an overview of the Society of Actuaries' research on post-retirement needs and risks.

Description: The Society of Actuaries (SOA) and the LIMRA Secure Retirement Institute are pleased to present the results of new research on the retirement market in China.

Description: Panelists discuss current trends in the design of retirement programs. From the Record of the Society of Actuaries, Vol. 24, No. 3.

Description: Author asserts that actuaries are arguably better at analyzing and interpreting risk than any other professional. The exhaustive exams teach us how to manage risk, not eliminate it. If the profession is to continue to flourish, it will be vital to take this idea and apply it to one’s career too.

Description: This presentation from the 2011 46th Actuarial Research Conference is about the Haezendonck-Goovaerts risk measure for extreme risks.

Description: We consider a class of compound renewal risk process with claim waiting times have a discrete Km distribution. The classical compound binomial risk model is a special case when m = 1. Both recursive and explicit formulas are derived for the expected discounted penalty function due at ruin, for the surplus before ruin and the deficit at ruin. Many ruin related quantities can be analyzed through the penalty function, e.g., ruin probability, the p.g.f. of the time of ruin, joint and marginal distributions of the surplus before ruin and the deficit at ruin, claim causing ruin, as well as their moments. Detailed discussions are given in two special cases: claim sizes are rationally distributed, or the claim sizes distribution have a finite support.