Description: This article draws attention to the competition for the Boleslaw Monic Prize. Prizes totalling Dutch florins 12,500, roughly US$4,500 are being offered for the three best papers submitted on: “The significance of inflation for the non-life insurance industry, with particular reference to the relationship between direct insurance and reinsurance the problems facing management and a suggested methodology for their solution.”

Description: In 1971, a group of New York actuaries met informally with socio-economist, Edith Lynton, and heard some grim forebodings about how the larger economic problems affect the insurance industry.

Description: This abstract describes a paper that improves upon current multivariate statistical models for predicting the pre-payment rate of reverse mortgages, which are heavily data-driven. The prosposed model extends a semi-Markovian joint-life mortality model to incorporate three main termination modes of reverse mortgages: death, long-term care LTC entry, and non-health related termination.

Description: Many of the innovations and methods required to improve retirement security exist, but have not been pulled together into an integrated solution at scale.

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: This article examines Consumer Price Index, how it works and some considerations when using it in financial agreements.

Description: Diverse Risks 2016 Call for Essays

Description: The following topics were discussed at concurrent sessions: 1. Personal Security in the 1970's- United States and Canada, 2. Adjusted earnings for life companies, 3. Pension funding, 4. What about these younger actuaries?, 5. Sources of statistical information for actuaries, 6. Variable life insurance, 7. Models and decision techniques, and 8. Role of the actuary in expense control. From Transactions of Society of Actuaries 1970, Vol 22, Pt. 2, No. 63.

Description: This panel discussion from the 1980 SOA Fall Meeting is on coping with the Council on Wage and Price Stability - COWPS - including the history of the price standard, the practical impacts of the standards and how the standard lines up with the experience. From Record of Society of Actuaries 1980, Vol. 6, No. 4.

Description: Great damage is being done to the U.S. economy as a result of the widespread misunderstanding that the Consumer Price Index measures changes in the cost of living.