Description: The CAS is pleased to present its Research Paper, “Users’ Guide to Economic Scenario Generation in Property-Casualty Insurance”. Although there are cases in the literature about the use of economic scenario generators (ESGs) in the property casualty industry, they are far more commonly used for life insurance companies. Our hope is that this paper will serve as a comprehensive guide to the implementation of ESGs in the non-life space and spark interest in research into new applications of ESGs.

Description: This article announces the awarding of fellowship credits to Gary Parker for the article he wrote, entitled “Stochastic Analysis of the Interaction Between Investment and Insurance Risks,” and provides a brief synopsis of the paper.

Description: The author compares and contrasts methodologies used for value investing and enterprise risk management.

Description: The author explores and argues against the “evolution of thinking” and the position that actuarial thinking is a blend of all three modes of thinking, as discussed by Dave Ingram in the February/March 2012 issue of The Actuary.

Description: Demographic changes around the world may present actuaries with an opportunity to tackle product development, risk management and asset allocation challenges involving financial and investment variables.

Description: An economic value model is used by the National Hockey League NHL to allocate salary budgets between players using a method based principally on salary comparison between players with similar statistics.

Description: Book Review Pension Fund Excellence—Creating Value for Stakeholders by K.P. Ambachtsteere & D.D. Ezra Reviewed by Barnet N. Berin from Pension Section News, November 1998, Issue No. 38.

Description: This article presents the background around the Post Retirement Needs and Risk call for essays focused on: (1) defined contribution plan risk management strategies; (2) decumulation strategies for retirement and (3) long-term care financing. The important essays from that exercise are presented in this Pension Section News publication along with interviews of the winning authors.

Description: The asset portfolios of retirees’ serve many purposes including current income, liquidity, purchasing power, estate, tax minimization, and so on. Multiple objectives with different levels of importance lead to a complex asset allocation problem for retirees. Existing asset allocation methods normally focus on a subset of the multiple objectives of retirees in an approximate way. The simulation-based multiple objective asset allocation method objectively assesses each allocation plan against multiple objectives in a consistent way and provides a more holistic picture of possible outcomes. This information is critical for finding the optimal allocation plan. The optimization is based on the weighted performance relative to multiple objectives. At the same time, it requires more inputs and advanced modeling.

Description: Discusses the influence of market-consistent pricing proponents.