Description: Full version of Taxing Times, May 2006, Volume 2, Issue No. 1.

Description: This article is about the critical role of actuaries in IT projects.

Description: Drivers of Health Care Affordability. Issue No. 45.

Description: This article provides an introduction to comparative health policy for developed, developing and third-world countries. From Health Watch News, September 2006, Issue No. 53.

Description: In this article, the author discusses the Georgia Uninsured Working Group and their recommendations on solutions for the uninsured in Georgia through new HRA/HSA laws. Issue No. 59

Description: Many insurers preparing market consistent financial statements encounter the issue of developing volatility assumptions for equity options and guarantees that are longer than any observable market data. This presentation develops a generalization of the classical Black Scholes option pricing model that is consistent with the European CRO Forum's framework for valuing non-hedgeable risk. The presentation argues that, with reasonable parameter choices, the model fits observed volatility surfaces well enough that it can be used to estimate implied volatilities where no market data exists.

Description: This paper develops an option pricing model that takes cost of capital concepts as its foundation rather than dynamic replication. The resulting model, called the 'C' measure in this paper, is related to the family of Affine Jump Diffusion models that are well known in the finance literature, so it is fairly easy to understand and implement. We argue that this is a reasonable model to use for estimating equity implied volatilities that are beyond the five- to 10-year horizon that can typically be observed in today‘s capital markets. The paper concludes with a short discussion of how to grade from observable market data to the 'C' measure.

Description: Solicited by the American Council of Life Insurers (ACLI), this is the perferred version of the 2001 CSO mortality tables.

Description: The SOA's Committee on Finance Research is please to make available the results of this research project, jointly sponsored by the SOA and CAS, that explores economic series and provides and Excel based tool for generating future economic scenarios. This is an Excel Spreadsheet for Appendix C showing Simulated Financial Scenario Data of inflation rates and interest rates from this research project. Please see the SOA website for the full report and other related spreadsheets.

Description: This article explores how the SOA has advanced the knowledge of actuarial science through international partnerships and key communication. Article from The Actuary, Volume 24, Issue 11