Description: News from the Chair of the SOA International Section

Description: In 2020, the Korean insurance regulator, Financial Services Commission (FSC), introduced a coinsurance structure allowing for full risk transfer—including investment risk, interest rate risk, insurance risk, and policyholder lapse risk—as a permitted practice. Expanding use of coinsurance in the Korean insurance market brings a suite of potential benefits to Korean insurance companies including increased financial flexibility, options to improve policyholder protection and shareholder value through optimization of business strategies. As such, FSC’s initiative and intention to introduce coinsurance opportunities to the market is commendable.

Description: Many countries have suffered the ups and downs of the COVID-19pandemic, and Mexico is no exception. Even worse, in contrast withEuropean countries that saw numbers dip during the summer of2020, Mexico did not. A first peak was reached at the end of July2020, then a slight decrease in the following two months. SinceOctober, Mexico has experienced the worst increasing trend of thewhole epidemic. In this article, Arturo Erdely, a professor of actuarialscience, explains this increase.

Description: It is, without doubt, the poorest people in the world who are most in need of the security that insurance brings. Renata De Leers and Queenie Chow discuss why the micro-insurance market has low penetration, and why actuaries are so well placed to assist insurers in understanding their clients' needs.

Description: this article talks about the career opportunities for actuaries stemming from tapping into the insurance potential of that underserved segment.

Description: Briefing about recent activity of the International Section Council Members and initiatives.

Description: The standard for measuring retirement income adequacy has been the final earnings replacement rate (usually targeted at 70%). But - does it work?

Description: Bulgaria, a member of the European Union, is developing fast, and the Bulgarian Actuarial Society is seriously committed to provide education opportunities.

Description: A discussion of the Asia Committee whose purposes are 1 To represent the SOA in promoting actuarial education, 2 To provide services to members in the development of educational programs, research and other support and 3 To build the image and awareness of the profession in Asia

Description: A Report on the October 1999 International Actuaries Section seminar, held in San Francisco