Description: An update to the 1990-99 study, data was collected covering the experience period from 01/01/00 – 12/31/07. The data was gathered throughout 2009 from 16 companies. After reviewing the data provided by the participating companies, the committee decided that it would be appropriate to produce a new experience report that would cover the entire 18 years of experience data that had been gathered over the last decade.

Description: The selection of the economic capital calculation approach becomes more of a modeling decision. Now let us pause here and think about the arbitrage-free assumption at the beginning. At any time, there can be only one price on any asset. If the company considers the price calculated above as the fair price for its products, then it must hold true that the same price has to be arrived at if the company uses a real-world pricing approach instead of a risk-neutral approach. This gives us a very good basis to calibrate the appro- priate economic capital.

Description: Article discussing the Life Actuarial Task Force exposure of potential revisions to AG33.

Description: Developments in IFRS

Description: Discussion of the impact of the ACA on RBS and required surplus for a health plan

Description: This panel discussion defines inflation, discusses inflationary outlook in the near future, the psychological effect of inflation on savings habits, trends, industry responses, and effects on agent compensation, interest rates and expense factors.

Description: Report highlighting some income tax legislative and litigation issues for insurance companies in 1962

Description: This discussion seeks to answer what reserves are required for individual accident and sickness policies, looks at the actuary's responsibility for experience analysis, discusses product development and policy change problems, and examines the major current developments affecting individual accident and sickness insurance.

Description: This article provides some insights into the creativity employed in cash flow testing to help ensure the sound survival of small companies that have limited means.

Description: This monograph was presented at the 2011 Enterprise Risk Management Symposium, held March 14-16 in Chicago. The author, noting that ‘strategy is a source of risk to the firm and thus ought to be included within enterprise risk management [ERM], enterprise risk analysis and measurement of the firm’s value, proposes a detailed framework in which strategic considerations can be incorporated into a quantitative model of the firm.