Description: In this paper, the authors have analyzed the Cash Balance pension and contributions using the methods and principles of financial economics, to give a market consistent evaluation of the costs of the CB liability.

Description: This 2005 presentation from the 40th Actuarial Research Conference is about equilibrium pricing models and valuations related to hybrid pension plans.

Description: In this paper, the authors have analyzed the Cash Balance pension and contributions using the methods and principles of financial economics, to give a market consistent evaluation of the costs of the CB liability.

Description: Author advocates reconsidering the 2005 education syllabus to include the study of modern finance in the syllabus for all actuarial students, not just those specializing in finance, investments, or risk management.

Description: In this paper, the authors assess the value of a GSA-type annuity within a retiree's portfolio.

Description: This article discusses the problems created by the options in unit-linked annuities in the UK, variable annuities in the US and segregated fund contracts in Canada. Methodology for valuing the guaranteed annuity option is presented.

Description: This paper examines the following three questions by reviewing literature that identifies and evaluates the tradeoffs among annuitization and self-managed drawdown strategies: 1. How DO Retirees Draw Down their Financial Savings? 2. How COULD Retirees Draw Down their Financial Savings? 3. How SHOULD Retirees Draw Down their Financial Savings?

Description: The main elements of the current US, Canadian and proposed Solvency II regulatory capital regimes for property and casualty insurance companies are compared in this paper.

Description: This note is provided as an accompaniment to 'Actuarial Mathematics for Life Contingent Risks' [AMLCR] by Dickson, Hardy and Waters [2009, Cambridge University Press]. AMLCR includes almost all of the material required to meet the learning objectives developed by the SOA for exam MLC for implementation in 2012. This note aims to provide the additional material required to meet the learning objectives in full. This note is designed to be read in conjunction with AMLCR, and it references section and equation numbers from that text. It is expected that this material will be integrated with the text formally in a second edition.

Description: The purpose of paper is to outline and illustrate some of the more important differences among the current US and Canadian regulatory capital regimes and the standard formula of the Solvency II framework using a hypothetical term-life insurance portfolio as an example.