Description: This article is an introduction to the topic of mortality projections and their impact on social security systems. The article reviews two life expectancy graphs and overall trends in life expectancy by gender at birth and age 65 in the United States, Canada and the UK.

Description: This article discusses the need to broaden and expand the actuarial profession. The author encourages adding new practice areas or enhancing existing ones.

Description: This is a presidential address to the Society of Actuaries by Sam Gutterman. From Transactions of Society of Actuaries 1995-96 Reports.

Description: Actuaries should make the effort necessary to make a real contribution to business and public policy.

Description: Presidential address at the 1996 annual meeting. The president encourages actuaries to broaden their scope and skills, develop the attributes he discusses and make a plan to redesign yourself.

Description: The paper explores developments through 2006 in the application of market-consistent concepts to the measurement of fair values of liabilities for financial reporting purposes. A set of criteria is presented that should be useful in the evaluation of proposed fair value measurement approaches where inputs based on prices observed in an active market with reliable transaction prices are not available. Based on these criteria, one approach is examined that might serve as a basis for the fair value measurement of the liability of life insurance contracts and other financial instruments issued by insurers.

Description: This article is the second in a two part series that summarizes a longer paper that can be downloaded from the website of the Social Insurance and Public Finance Section. Both articles take the form of a point-counterpoint dialogue addressing important aspects of social insurance programs. The first part discussed their nature, desirability and advantages, as well as whether they can form a framework to achieve sustainable inter-generational equity. This article focuses on whether pre-funding of a social insurance program can occur and can contribute to the financial security of the participants. Fundamental differences of opinion exist regarding these programs, not only due to different personal and political values, but also as a result of the viewpoint taken (for example, assessment of the program in isolation, consideration of the sponsoring government's financial situation, or the overall national economy).

Description: Feature article about the effects of obesity on life expectancy and how actuaries will be affected.

Description: This article highlights the benefits of the globalization of the actuarial profession and discusses why actuaries should be interested in international topics.