Description: The problem and largest challenge with systemic risk identification and management is that high-risk activities and high-risk companies are often identified only with hindsight. This article identifies risk factors and proposes a framework for systemic risk management that can be applied in advance by regulators, company management, and other stakeholders

Description: This paper uses the ideal quasi-natural experiment of government-subsidized agricultural insurance program phased out in different regions of China since 2007 to study the effects and transmission mechanisms of the program on alleviating regional poverty using a multi-period Difference-in-Differences (DID) approach. Specifically, this paper identifies the causal effects on the incidence, depth and intensity of poverty among rural residents. The research has important policy implications. First, this paper uses the program as a case to provide a research paradigm to estimate effects of implementing policy instruments that combine markets and government mandates. Second, as common prosperity is now a government imperative, the research also provides insights into ways insurance can be used to hedge income risks, alleviate poverty and help achieve more equitable distribution. The paper has been published on WeChat account of Chinese Association of Actuaries on February 9, 2022. The full version has been published in CSSCI journal Insurance Research, issue 11, 2021.

Description: A description of the current state of the Insurance Capital Standard under development by the IAIS, focusing on liability valuation.

Description: Speaker, who is VP and Chief Counsel of the American Council of Life Insurance [ACLI], discusses the latest activities in the area of federal financial-reform legislation, or 'financial modernization.' From the 1997 Record of Society of Actuaries, Vol. 23, No. 3.

Description: Panel discussion exploring likely future scenarios, encompassing: Balance between state and federal regulation, effects of trends in tax regulation, and implications of all-federal or all-state regulation. From Record of the Society of Actuaries Vol. 12, No. 2.

Description: This session from the 1995 SOA Vancouver Meeting shows a comprehensive look inside government debt problems in the U.S. and Canada, Generational Accounts and the implications on government debt of the generational accounts. From the Record of the Society of Actuaries, Vol. 21, No. 3b.

Description: This article describes Solvency II, an overhaul of the European regulatory regime, and discusses the implications for reinsurers.

Description: This session is about the national health & pension reform and the different agencies involved in the process. From Record of Society of Actuaries Vol. 20, No. 3A.

Description: Feature article discussing the current state of the Eurozone.

Description: This article discusses the possibility of high inflation down the road. The high levels of debt incurred due to the COVID-19 pandemic will be difficult for many countries to support. Central bank activity is "standing in the gap" but this is not necessarily the optimal solution. Inflation can also become an issue due to contagion coming from less financially stable countries, resulting a crisis of confidence, driving up interest rates.