Description: This presentation is a panel discussion, session 9PD, from the 2000 Annual Meeting of the Society of Actuaries, held October 15-18 in Chicago. A panel of reinsurance experts presents the benefits of reinsurance and how to leverage these benefits during the product development process. With respect to life insurance products, the discussion covers how reinsurers can help with pricing, product design, underwriting, and administration. The panelists also address annuities and international issues. Discussion from participants is included. From the Record of Society of Actuaries, Volume 26, No. 3.

Description: Companies operating in international markets have additional issues to consider from a risk management point of view. Fluctuations in exchange rates, political and sovereign risks, regulatory issues, capital management and human resources considerations are among these. This session gives attendees the opportunity to understand how multinationals currently deal with these issues and how they are functionally structured to handle the risk management process. From the Record of the Society of Actuaries, Volume 29, No. 1: Washington, D.C. Spring Meeting, May 29–30, 2003, Session 30PD.

Description: A regulator's perspective on the changing insurance and financial services industry, including changes in the state regulatory environment driven by the regulators themselves, as well as potential changes in the competitive environment prompted by the Financial Services Modernization Act.

Description: This article continues the Passing the Torch Interview Series. Linda Liu and Amanda Jacques invite Simon Curtis, currently president of the Canadian Institute of Actuaries (CIA) and recently joined Deloitte as a partner in their Toronto office after a long career at Manulife. Simon shares with us his career experience and talks about the changes and challenges facing the actuarial profession.

Description: In this paper, Honorable Mention Essay for the Society of Actuaries' Entrepreneurial Actuaries Section 2010 Papers Competition, the author discusses the relative lack of personal insurance programs in third world countries, and the opportunities and challenges this presents to entrepreneurial actuaries. This essay discusses approaches for solving the issues in order that personal insurance programs in the third world will become a viable business opportunity. In addition to being an opportunity, the author believes this should also be an area in which actuaries feel a responsibility for finding solutions, because actuaries understand the problems and can find the answers. The author also suggests ways the Entrepreneurial Actuaries Section can help.

Description: Discussion of the Buol Report, dealing with international solvency standards for life insurance companies

Description: The Lee and Carter LC method is getting widely adopted for long-run forecasts of age specific mortality rates. That popularity is first due to the model simplicity. Moreover, the LC model has given successful results for various countries e.g. U.S., Chile, G7 countries. However, some difficulties arose when using population data from certain countries such as UK and Australia. In the present paper, the LC model is applied to data from four Nordic countries: Denmark, Finland, Norway and Sweden. The Singular Value Decomposition SVD, the Weighted Least Square WLS and the Maximum Likelihood estimate MLE are used. These approaches give satisfactory results. The appropriate fitting period needs, however, to be well chosen. The properties of the model's parameters are studied using a bootstrap simulation.

Description: This article discusses the global capital standards for Global Systemically Important Insurers (G-SIIs) and Internationally Active Insurance Groups (IAIGs) currently being developed by the International Association of Insurance Supervisors (IAIS).

Description: The current life insurance development with a focus on the latest regulation change from actuarial perspective and its possible impact to the Vietnam industry.

Description: Overview of IASB Accounting for Insurance Contracts