Description: This is an Excel 2003 spreadsheet that accompanies the research report entitled 'The Effect of Deflation or High Inflation on the Insurance Industry.' It models scholastically the effects of inflation and deflation.

Description: Article from The Actuary September 1992 – Volume 26, No. 7 is about insurance past and present

Description: To help agents advise their clients on analyzing their LTCi rate increase options.

Description: This abstract describes a presentation that introduces new methods such as Experimental Mathematics, Genetic Algorithms, Predictive Modeling, Deterministic Chaos, Fractal Geometry, Behavioral Economics, Cellular Automata and other topics in Complexity Sciences.

Description: Many retirement actuaries have experience developing, implementing, and monitoring Liability Driven Investing (LDI) strategies for plan sponsors. These strategies typically involve modifying a plan’s investment strategy to remove a significant portion of the investment and interest rate risk now or at some point in the future when specific triggers are met. The tactics often involve the use of fixed income assets to cash flow and/or duration match the liabilities. In the spirit of helping actuaries expand their roles in an evolving defined contribution world, this article explores the application of LDI and derisking strategies within defined contribution and individual retirement accounts. The economic theory behind this approach is called the lifecycle hypothesis, or lifecycle finance. The benefits of the lifecycle finance method are that it provides a safe approach to save for retirement and a secure source of floor income during retirement. Similar to pension plans, each individual has his or her own idiosyncratic needs, wants, and risks that should be considered. Actuaries are uniquely situated to help defined contribution plan sponsors, individuals, and even themselves implement the lifecycle finance approach by developing and distributing tools and methods that focus on income (rather than wealth), LDI strategies, and personalization.

Description: This article examines potential approaches to the calculation of the risk adjustment component, with a focus on a case study related to a UL product.

Description: This paper provides a high-level review of climate models for the actuary and shows they are not impenetrable, intriguing the reader enough to seek out additional resources.

Description: This article provides a general introduction to JRI, including details about the types of research areas it highlights, an explanation of its prior review policy, current calls for papers, and its social media efforts.

Description: The American Academy of Actuaries and the Society of Actuaries (SOA) have joined resources to manage the economic scenario generators used in regulatory reserve and capital calculations.