Description: Overview of plans designed to cover out-of-pocket medical costs as a supplement to major medical coverage.

Description: This article discusses the attributes of a unified Operational Risk Management framework and how those attributes can underpin a seven-factor economic capital model.

Description: This article describes how insurers can expand the reach of their efforts with regard to Economic Capital EC into the broader enterprise risk management process. Some experts contend that can be done by shifting the focus towards value. EC has the potential to shed new light on valuable opportunities for insurers.

Description: Pricing Small Group Medical Coverage Renewal Pricing regression to the mean, blending of experience and manual rates, small group reform laws. Issue No. 40.

Description: Interview with new incoming Chair of the Reinsurance Section

Description: It is now almost 120 years since Makeham extended Gompertz’s efforts to find a simple mathematical law which would reflect the mortality experience of a group of lives and also simplify the calculation of monetary values. This article discusses a radically different approach, relating mortality improvements to economic condition, proposed by Kohler and Alcock in an article in the Journal of Peace Research, Vol XIII entitled Economic Law of Life.

Description: Pricing small group medical coverage under reform laws using debit manual and risk factors. Issue No. 45.

Description: This paper discusses the need for actuarial judgment to be used in conjunction with statistical analysis in the calculation of incurred but not reported IBNR claim reserves.

Description: Actuaries have been thinking about how to improve North American retirement systems in big and small ways for a number of years. This web page contains Bob Berin’s thoughts on this topic from the September 1990 Pension Section News, followed by Cindy Levering’s update on the Retirement 20/20 initiative.