Description: This article discussed modeling the P&C reinsurance market using an Agent Based Model to provide insights into the market. The characteristics of this marketplace provide credibility to this type of modeling. Specifically, the P&C reinsurance market has few major players, very little product differentiation, and low barriers to entry. In addition established competitors are volume-constrained due to prior business and capacity decisions made based on estimated product costs and prices.

Description: This article discusses the pending book entitled 'Dynamic Risk Modeling Handbook.' The proposed scope and outline of the book is reviewed. This is a revision of the 'DFA Handbook' which was published in 1995.

Description: In this article, the author discusses the capital shortfall an insurer faces because of the longevity risk on immediate annuities.

Description: Section Chair discusses Council plans for the year.

Description: Methodology for identifying principles based economic capital.

Description: This panel discussion session focused on the practical applications of risk theory.

Description: This article provides an overview of the new Financial and Health Economics module now requried for all FSA's.

Description: This article discusses the risks of retirement and how those risks impact attaining a secure retirement in a defined contribution world.

Description: Tax code tidbits

Description: Our 13 risk theory seminars, to introduce Part 5A candidates to the new material were strongly supported, and, according to 109 questionnaires since received, were popular. Prevailing opinions were that these sessions boosted attendees confidence in their ability to continue studying on their own, and their chances of passing the exam. From The Actuary VOL. 16, No. 6