Description: This paper investigates the implications of using the Basel II motivated Advanced Measurement Approaches as a method to assess operational risk capital charges for banks and insurance companies with regard to U.S. regulations. The AMA developed in the paper uses actuarial loss models complemented by the extreme value theory to determine the empirical probability distribution function of the aggregated capital charges in the context of various classes of copulas. From Actuarial Research Clearing House, 2006.

Description: Chairperson’s column discusses recent events in the investment industry.

Description: Investing for retirement in other countries is different from investing for retirement in the U.S. and Canada. In developing countries, there are fewer investment opportunities and domestic markets are smaller and less liquid. National retirement systems may be established in part to support government debt issuance and to help develop domestic capital markets. Investment policy objectives tend to evolve over time as a country and its retirement system(s) develop together. Come broaden your horizons by painting a picture of a different investment paradigm than you are used to using examples from many countries around the world.

Description: The pandemic and other current events have greatly impacted the risks that individuals face during retirement. Join us to explore this topic as the results of the Society Actuaries 2021 Retirement Risk Survey are presented. Discover the findings regarding retirement concerns, preparedness and understanding individuals in the U.S. nearing retirement or those who are already retired. This marks the 11th iteration of this biennial survey completed through the SOA Research Institute’s Aging and Retirement Strategic Research Program.

Description: Column from the chairperson of the Investment Section.

Description: In this article chairperson Anthony Dardis takes a look back at the achievements of the Investment Section Council halfway through his tenure as chair.

Description: Corrections to table in 1986-98 Credit Risk Loss Experience Study relative to S&P default and average loss rates by credit rating.

Description: Chairperson's column for the May 2019 edition of NewsDirect.

Description: This article provides an EV overview, current industry usage, key considerations illustrated by MetLife’s strategic spin-off of Brighthouse Financial, as well as implementation notes.