Description: The InsurTech market in China is divided into three categories, including online sales of traditional products through internet channels, product upgrades driven by technology, or the creation of more targeted products, and the innovation of eco-system-oriented products, or insurance service by data analysis. The market is expected to reach 1.4 trillion RMB in total.As the digital revolution goes deeper, new technologies have infiltrated into all business models in insurance companies and have promoted the generation and development of the InsurTech market. Digital technologies have been widely used by traditional insurance companies to optimize the procedures and products of the current value chain, bringing a virtuous cycle between InsurTech and the online eco-system. As a result, these traditional insurance companies can expand their business from insurance only to personal finance and other extended services, building a comprehensive solution for the eco-system. Technology is the cornerstone for the business development and innovation of insurance.

Description: The October/November 2015 edition of The Actuary magazine—the Society of Actuaries’ flagship publication.

Description: The brief from the editor of Expanding Horizons for this essay was to give some personal reflections on how actuarial education and research influence actuarial practice.

Description: Diabetes mellitus type 2 is an excellent model for assessing the setup of medical coverage in the U.S. health care system. It is a chronic disease that has genetic, behavioral and other medical causes, and causes many complications over the long term. From Financing Chronic Care Monograph, M-HB05-1.

Description: One of the most fundamental concepts in actuarial practice is the time value of money. For any work in which future cash flows are allowed for, such as reserving or pricing, it is natural to discount to present values so that an appropriate amount of money can be set aside today, allowing for future investment returns. This article discusses yield curve extrapolation methods along with the benefits and drawbacks of these methods.

Description: This section contains book reviews and summarizes recent publications: 'Rights of Creditors in Life Insurance Policies' by Schwarzschild, 'Savings Bank Life Insurance' by Johnson, 'Transferability of Public Employee Retirement Credits among Units of Government' by Advisory Commission on Intergovernmental Relations, 'State and Private Pension Schemes in the European Economic Community and the United Kingdom' by Ratcliff, 'Surplus in British Life Assurance' by Cox and Storr-Best, 'Psychiatric Insurance - Financing Short-Term Ambulatory Treatment' by Avnet. Some digests are also included.

Description: List of members on the Committees on Mortality and Morbidity Experience Studies and Group and Self-Administered Plans.

Description: The key tasks of credit risk capital project under CROSS II mainly focus onL(1 )Adjustment of measurement framework; (2) Calibration of risk factors, including both credit spread risk and credit default risk;3)Introduction of concentration risk measurement; (4) Higher requirement on look-through rule.

Description: In session 73OF of the Montreal Spring Meeting panelists discuss the organizational approach to the actuarial systems function that has been applied in their organizations. From the Record of the Society of Actuaries, Vol. 23, No. 2.

Description: In session 123 OF of the Washington Annual Meeting panelists discuss current trends in Education and Examination. From the Record of the Society of Actuaries, Vol.23, No. 3.