Description: Banks and insurance companies today are addressing many similar issues. Included are product, business unit, and corporate profitability capital requirements and allocation issues reserve adequacy and data development and practical utilizations. Actuaries are uniquely qualified to address these issues.

Description: In January 1936, William Phillips, a London actuary, presented a paper to the Institute in which he recommended a methodology to allow life insurance companies to automate their actuarial calculations. This article discusses Phillps' work in this area.

Description: The article provides several examples of projects led by actuaries who are applying advanced data analytics and big data to solve industry-specific business problems.

Description: Combo long-term care insurance products provide a viable option for the insurance industry to offer a sufficient range and supply of private long-term care financing solutions.

Description: This article provides background on managed target volatility funds and how they can be used for variable annuities and the mitigation of gap risk.

Description: Diagram displaying the relationships between the various annuity certain functions.

Description: The author, from the United Kingdom, as a member of the Institute’s working group that devised LAN, the Linear Actuarial Notation. The author notes this article is a supplement to The actuary’s ‘IAN, LAN & CAN’ article in the November 1980 issue. The article discusses this actuarial notation system, designed for use in the computer age.

Description: In this article the author asserts that issuers of credit default swaps should hold reserves for the liabilities associated with the derivative contracts. This would significantly reduce most of the major problems associated with the trading of these instruments.

Description: John Naisbitt, in Megatrends, defined a megatrend as a general shift in thinking or approach affecting countries, industries and organizations. This article challenges actuaries to consider off-the-charts factors within their risk maps and consider their potential impact.

Description: This article discusses the impact on the policyholders and the insurance companies of the phase-out of the deductibility of policy loan interest resulting from the new tax law.