Description: Presented at the Living to 100 Symposium, January 2011. Long-term care LTC insurance is frequently not covered by national social insurance programs. When costs are expressed as a percentage of gross domestic product, the future burden of financing LTC would not lead to unbearable tax levels and is not particularly large in comparison to the projected costs for pensions and health care. After identifying the breadth of definitions of LTC needs, it is argued that LTC is an insurable risk. The paper concludes that LTC social insurance is affordable in developed countries.

Description: This article is a summary of the authors’ two other articles where they discuss pension systems and whether they do in fact distort retirement decisions.

Description: In the face of profound, worldwide changes in demographic, family, and lifestyle patterns, this paper introduces a dynamic social security system deemed most suitable for accommodating these changes.

Description: 2011 Enterprise Risk Management Symposium, Chicago. This paper uses a case-study research design looking at two companies: Infosys and Rolls-Royce Corp. The goal of the research is to develop an explanation of how ERM brings about the strategic implications or its “promise” as it is popularly known in the ERM circle. The influential factors and how they are linked to the ERM process of achieving strategic implications are highlighted.

Description: Complete monograph: Actuarial Consideration in Insurance Mergers and Acquisitions, M-FI03-1. This paper presents a broad overview of the actuarial considerations of insurance company transactions in developing countries, identifying both theoretical and practical issues that need to be addressed when trying to assess the potential value of a multi-national insurance transaction.

Description: The external actuary must balance the goals of the company with a realistic assessment of the chances of achieving them, uncovering hidden value while scaling back on aggressive targets to achieve a balanced, defensible end product with buy-in from the seller's team. From Actuarial Considerations in Insurance Mergers and Acquisitions, M-FI03-1.

Description: This paper introduces the author's globalization model of work and retirement in the 21st century. To make the model work, there is a need for a prototype social security system with many desirable features called National Provident Fund for each nation.

Description: This paper examines different objectives in managing credit concentration risk. The suitability of different measures and presentation techniques is discussed and illustrated in the context of a case study.

Description: In developing the economic assumptions for use in an appraisal, a team approach must be used. The investment bankers, external actuaries, and the company's financial area research current and historic economic conditions to develop an internally consistent base scenario. To be successful all parties must be comfortable with this scenario and its implications on production, investment yields, and, ultimately, distributable earnings. From Actuarial Considerations in Insurance Mergers and Acquisitions, M-FI03-1.

Description: This paper discusses the new Basel Accord for Capital Adequacy which refines the minimum capital requirements for banks. The seesion looks at the analysis of credit and market risks with the emphasis on to what extent the collection, storage and evaluation of data calculated with internal approaches is dispensable by the use of Basel II-data for bank banagement.