Description: This Is a book review of 'Lebensversicherungsmathematik' by Hans U. Gerber. The book, written in German, is directed to younger readers who take pleasure in applied mathematics and who wish an introduction to life insurance mathematics. A well-organized and elegant introduction awaits their reading.

Description: The Actuary Vol. 22, No. 2. This article discusses how the the choice of basis for measuring Interest Rate Spread impacts pricing and accounting for interest sensitive products.

Description: The Actuary Vol. 22, No. 3. This editorial discusses the impact of the AIDS epidemic on financial security programs and what to do about it.

Description: This article discusses the new Investment Section. The initial targeted areas are expected to be: Modeling, Corporate Finance, Capital Management and Investment Instruments.

Description: Article from The Actuary, May 1988, Volume 22, No. 5, announcing who AERF selected to author a monograph on the intellectual foundations of the actuarial profession.

Description: Article from The Actuary, September 1988, Volume 22, No. 8, where the Executive Committee and the Board of Governors of the Society of Actuaries reported significant actions taken at each of their respective meetings.

Description: Portability of pension benefits allows an employee to maintain pension benefits as he leaves one company and joins another. Advocates of portability point approvingly to the way Social Security - a portable pension plan - handles employee mobility. In their view, the private pension system would be fairer to participants and close a gap in pension coverage if it had more portability.

Description: Enclosed with this issue of The Actuary is a synopsis of the Report of the SOA Task Force on the Actuary of the Future, referred to in Gary Corbett’s presidential address last year.

Description: In 1983, a poultry virus hit the jackpot in Pennsylvania. While making a copy of its genetic material, the virus made a tiny error. Because of that error, it began producing a slightly altered protein which allowed the normally benign organism to spread beyond its usual residence in chicken lungs and intestines. Soon it was burrowing into other parts of the birds’ bodies - including the nervous system, where it multiplied rapidly and began to cause disease. Could something like this happen to humans?

Description: Final regulations imposing Continuing Professional Education CPE requirements for enrolled actuaries in the United States were promulgated recently by the Joint Board for the Enrollment of Actuaries. The Joint Board was established by federal law ERISA in 1974 to regulate pension actuaries. Certain pension actuarial certifications required by ERISA must be performed by an enrolled actuary As described below, the CPE requirements will cause some administrative inconvenience for enrolled actuaries but - with certain notable exceptions - will not affect our behavior.