Description: A paper demonstrating how to obviate the need for market timing strategies in variable annuity products by judicious use of product design. The paper presents the premise behind the product design, provides numerical examples, then explores possible extensions of the concept to produce more sophisticated variable annuity plans based on guarantees of investment outcomes.

Description: The panel presents the evolution of enterprise risk management within the actuarial profession from the perspectives of an actuarial educator, an actuarial recruiter and a corporate risk officer. From the Record of the Society of Actuaries, Vol. 30, No. 3.

Description: The author defines Enterprise-wide risk management as the management of the risks inherent in the basic model used by the enterprise to represent and understand its overall operations. However, the practice of enterprise-wide risk management is a risk in itself.

Description: French version of the September issue of Risk Management

Description: Complete Actuary of the Future newsletter from April 2005.

Description: This article departs from the usual GMWB pricing approach by assuming that the policyholder is always smart enough to act in his/her own best interest.

Description: Proposes ways in which the credibility of permanent life insurance can be restored after the damage it has suffered due to insurance proposals, or illustrations, with unrealistic projections of future earnings.