Description: Presentation of some of the factors to be considered, and approaches which might be employed, in valuing a life insurance company.

Description: Replacement rates have historically been a tool to determine the adequacy of retirement income to maintain an individual’s standard of living. Numerous conceptual and methodological issues lie, however, beneath its simple exterior. The purpose of this paper is to examine these underlying issues for the benefit of retirement security stakeholders, pension plan sponsors, advisors, financial product providers, and individuals planning for retirement.

Description: This paper attempts to quantify the benefits to the purchaser of a non-qualified variable annuity as compared to an investment in a mutual fund. From Actuarial Research Clearing House 1991, VOL. 3.

Description: How to make the third pillar of the pension system develop faster is a hot topic in the field of social security research in recent years. Its development is facing three dilemmas: cognitive dilemma, economic transformation dilemma and incentive dilemma. According to the order from easy to difficult, four suggestions are put forward: to build the third pillar system by introducing personal accounts; to separate individual accounts from urban and rural residence insurance and put them in the third pillar; to integrate housing funds into the third pillar; to turn short-term bank savings into long-term pension reserve by improving social welfare.

Description: This research report analyzed the effects of different types of informational interventions on annuity-related behavioral intentions and beliefs, such as estimated retirement age and life expectancy.

Description: This paper explores the considerations involved in the merger of mutual life insurance companies, with emphasis on the unique problems of maintenance of equity between the various policy owners affected. The paper written by Howard Kayton and Robert Tookey is followed by a discussion from several people

Description: The SOA concluded surveys that examined the actuarial profession from the perspectives of SOA members and employers. This report presents major conclusions based on the results of these surveys. The analysis has two main objectives: • To compare actuaries’ and employers’ views of actuarial performance on skills that are valuable in today’s market. • To compare actuaries’ and employers’ images of the actuarial profession.

Description: 1974 SOA Meetings, Dallas and Montreal. This paper is the digest of discussions held at concurrent sessions of the referenced meeting. Topics covered: 1. CORPORATE FINANCIAL MANAGEMENT OF STOCK LIFE INSURANCE COMPANIES. 2. PENSION FUNDING ASSUMPTIONS. 3. DIRECTIONS AND GOALS OF ACTUARIAL RESEARCH. 4. VARIABLE LIFE DEVELOPMENTS. 5. LIFE INSURANCE AND CONSUMERISM. From Transactions of the Society of Actuaries 1974, Vol. 26, Pt.2D, No. 75 AB.

Description: India is in the process of updating to a more risk-based capital framework. The article provides a high level introduction of the development and discusses some of the key design and implementation considerations.

Description: This is the second report in a series on the current state and future opportunity of the retirement market in China. In this report, edition two of the series, you will see results stratified according to city tier and location landscape. Also included in this edition is a description of the differences in retirement age between men and women, and those from different educational backgrounds.