Description: A discussion of the future of the Brazilian Health Market with a focus on the legislation which passed in June 1998 to regulate the private health insurance industry

Description: A short introduction of small actuarial association from Bosnia and Herzegovina. We are planning to take the SOA/CAS actuarial exams, with help and support from the SOA, the CAS and the IAA.

Description: In this article, the author discusses the partisan politics in Taiwan, including its impact on the country's national health care system.

Description: A discussion of the political, economic, and demographic environment in Europe and its impact on the life insurance industry.

Description: In this article, the author talks about how the actuarial profession can position itself as the natural choice for complex risk management work.

Description: The ‘grieving widows effect’, or the ‘broken heart syndrome’ as it is often referred to, is the phenomenon whereby the chances of dying are elevated immediate following the loss of a partner. Using data from Club Vita we explore this effect. We identify that it has a material impact (c. 50bp) on the pricing and reserving for annuities and pension liabilities with an attaching annuity payable to a spouse who outlives the original policyholder. This is particularly the case in times of low net discount rates or for substantial attaching annuities.

Description: Professionalism did not start with COVID-19, but it has brought many new situations to our attention.Professionalism is more than just adhering to rules and regulations and it is complex. As an actuary, you need toconstruct your own “moral compass” and be prepared to make the tough personal and work-related decisions asthey arise. While difficult decisions may not be a common occurrence during your careers, your moral compass willmake it possible to act with confidence when something needs to be done. Finally, while the actuarial profession hascodes of conduct, it is ultimately your personal conduct that determines your reputation as a professional

Description: This article attempts to dispel some of the myths around the perceived unique nature of Asian markets. This part focuses on the future opportunities for market growth, appropriate risk models and challenges from claims management.

Description: With large parts of Italy back in lockdown due to a second wave of COVID 19, the P&C insurance market is still waiting for potential legal actions to emerge from those seeking compensation for negligent conduct during this exceptional catastrophe.

Description: Volatility managed funds, which focus the measurement of an investor’s risk appetite on the volatility of the portfolio, have grown popular in the Asian markets recently, particularly in Japan. This article discusses a typical volatility managed strategy and presents performance comparisons between volatility managed funds and other comparable market strategies. The advantages of target volatility managed funds to investors and insurers are also included.