Description: Table of Contents for the Expanding Horizons Issue 26, April 2003.

Description: Paper examines issues of mortality and valuation in connection with annuities in Germany. From 2005 Living to 100 and Beyond Monograph, M-LI05-1.

Description: The AERF Committee of The Actuarial Foundation (TAF) and the Committee on Knowledge Extension Research (CKER) of the Society of Actuaries sponsored the 2007 Individual Grants Competition to support the advancement of knowledge in actuarial science. From Expanding Horizons, April 2007.

Description: The Actuarial Foundation's (TAF) AERF Committee of and the Society of Actuaries' Committee on Knowledge Extension Research (CKER) announce the 2007 Individual Grants Competition to support the advancement of knowledge in actuarial science. Grants will be funded through TAF and the SOA.

Description: This document is a summary of a session which was presented at the 1975 SOA Annual meeting. It includes discussions on the following topics: Effects of ERISA on valuation methods, discussion of Claude Y. Paquin's paper A Review of Actuarial Cost Methods for Defined Benefit Pension Plans, funding standard account, asset valuation and allocations, plan mergers, a discussion of Josiah M. Lynch's paper A Practical Approach to Gains Analysis, information related to Individual policy pension trusts.

Description: This paper investigates the use of models of dependent mortality for determining annuity values. We discuss a broad class of parametric models using a bivariate survivorship function called a copula. Using data from a large insurance company to illustrate our methods, we calculate maximum likelihood estimates to calibrate the rnodel.

Description: In recent years, insurance companies have been introducing saving products whose returns are linked to equity market performance. Equity-indexed annuities [EIA's] are one of the products of this kind. This paper is a study on the recent introduction and popularity growth of equity-indexed annuities. An index is considered which provides a minimum interest guarantee and a participation in the increase in an index.

Description: Exploration of sources of volatility in retiree health valuations, noting how volatility arises and might be mitigated, with discussion of valuation parameters more problematic for retiree health benefits than for pensions. Three significant influences on retiree health valuation volatility are covered-- changes in benefit level, fluctuations in cost level, and alterations in eligibility for, or duration of, benefit – and attention focused on the last two. Specific conclusions result in recommendations, which are supported by practical examples contrasting volatile measurement results with those likely from the recommended practices. Theoretical discussion includes health claim variation, health trend usage, financial economics, option pricing, discount rates, and deterministic vs. stochastic modeling.

Description: The absract for the paper Increased Longevity and the Challenge of Determining qx at Extreme Ages, Part 2 - Coping with Longevity: The New German Annuity Valuation Table DAV 2004 R.

Description: Generally, the assets acquired by financial institutions have their values determined by established capital markets. However, the firm's liabilities become customer's' private placement assets and their value must be calculated by the firm. This monograph discusses the theoretical bases for modeling the liabilities consistently with the assets. From Asset-Liability Integration, M-FI02-1.