Description: 2021 Life Meeting - Session 6D: The Importance of Joint Credit-Market Risk Modeling 8.31.21 Recording

Description: In this article the authors work out the expected discounted penalty function for Levy processes. Unlike the classical compound Poisson case that models the individual claim size distribution and obtains from it the aggregate distribution, here the aggregate claims distribution is known. From Actuarial Research Clearing House, 2006.

Description: This paper develops an equitable and practical method of calculating and assessing the required extra premiums to give insurance protection to those applicants subject to the factor in this latter group which includes most of the accident hazards connected with vocations and avocations. From Transactions of Society of Actuaries 1950, Vol. 2, No. 3.

Description: Variable annuity (VA) writers are facing many challenges in today's economic environment. Equity market volatility and low interest rates make guaranteed benefits increasingly expensive to hedge. Both GAAP Long Duration Targeted Improvements and the recent VM-21 changes will drive the need to manage the VA business under a new set of lenses. During this session, the presenters will explore the various in-force management tools VA writers have available and comment on their effectiveness.

Description: The Drake Risk and Insurance Workshop on Catastrophe Risk took place virtually on February 19, 2021, hosted by the School of Actuarial Science & Risk Management in the College of Business and Public Administration at Drake University. The purpose of this article is to share with the actuarial science community some experience in organizing this event amidst the COVID-19 pandemic.

Description: This paper addresses a study of surplus with the following goals in mind: 1. Determine surplus available for financing additional business, including new ventures. 2. Facilitate measurement of financial performance by line of business consistent with reasonable corporate goals. 3. Provide a mechanism for evaluating alternative strategies based on their estimated marginal effect on the company's ability to meet the above corporate goal. From Actuarial Research Clearing House ARCH 1988, Vol. 3

Description: Abstract: A common approach to estimating the total amount of savings required to fund retirement is to first apply a generic “replacement rate” to pre-retirement income, such as 80%, to get the desired retirement income need. That need is then assumed to increase annually at the rate of inflation for the duration of retirement, which is generally assumed to be some fixed period, such as 30 years. Using government data along with a fairly simple market and mortality model, we explore these assumptions to more accurately estimate the true cost of retirement.

Description: 1958 Report follows the pattern of an earlier 1953 report of the Special Committee on Experience under Self-Administered Retirement Plans TSA 1953 Reports, 52. This report reflects experience with pensioner mortality only, updating the experience from the 1953 report, and adding the experience of five other groups.

Description: The purpose of this paper is to illustrate the effects of projected mortality on the pricing and valuation of individual immediate annuities. Also discusses considerations in underwriting substandard annuities. Finally, a discussion of this paper is included.

Description: This paper presents discrete interpolation formulas, specifically a new method of deriving some existing formulas. The paper uses graduation theory in the interpolation method. Also include is a discussion of the paper. From Transactions of Society of Actuaries 1949, Vol. 1, No. 1.