Description: This abstract describes a paper that studies the probability of a systemic event occurring within a financial network.

Description: A high level summary of the basics of Medicare Part D settlements - what they are, and the impact they have on plan sponsors' final financial results. Intended for an audience with limited familiarity with Medicare Part D.

Description: This abstract is for a paper that addresses the problem of optimal reinsurance design using the criterion of minimizing the Conditional Tail Expectation (CTE) risk measure of the insurer's total risk.

Description: Introduction of a symposium of papers that arose out of the discussions of the Committee on Retirement Systems Practice Education regarding the adequacy of defined benefit pension plan funding.

Description: This abstract describes a presentation that studies the performance of asymptotic confidence intervals for the risk measure constructed by using the above asymptotic weak limit and estimators for its asymptotic variance.

Description: Abstract: This paper provides background on the characteristics of the upper-truncated Pareto distribution and suggests some diagnostics, based on order statistics, to assist in selecting the upper truncation point, which affects the tail of the distribution in a risk model.

Description: In this article, the author presents a case for using a Risk Return On Capital approach as a way to integrate desirable properties of the Economic Value Added approach and the Return On Risk-Adjusted Capital approach. The EVA approach has a shortcoming in that is does not reflect rating agency capital. The RORAC is computed as the ratio of expected total underwriting return to allocated risk capital, and represents the expected return for both benign and potentially consumptive usage of capital. The RROC approach measures returns after reflecting the mean rental cost of rating agency capital. Returns that are a reward for exposing capital to risk of loss are measured after reflecting the cost of carrying capital to support premium written and loss reserves.

Description: This is the abstract of a paper that considers the pricing of equity-indexed annuities using risk measures and presents dynamic hedging strategies underlying these valuations. Since these products involve mortality as well as financial risks, the authors combine the actuarial and financial approaches to protect insurance companies against the unhedgeable mortality risk.

Description: This is the abstract of a paper that complements the existing research on optimal reinsurance by proposing another model for the determination of the optimal reinsurance design.

Description: This is the abstract for the paper on optimal reversible annuities to minimize the probability of lifetime ruin.