Description: Interview of Natasha Regan about her mastery of the game of chess.

Description: The article introduces a cashflow matching strategic asset allocation (SAA) framework for life insurers. Given the recent shift to higher interest rates after two decades of persistent low interest rates, insurers have an opportunity to enhance their asset liability management by rebalancing asset portfolios to narrow duration gaps and attain higher risk-adjusted yields. The framework aims to align investment objectives with economic, regulatory, and rating agency requirements. It prioritizes cashflow matching as the primary optimization goal and incorporates security-level asset information to assist portfolio managers in executing SAA seamlessly. The article highlights the benefits of the cashflow matching SAA framework, including greater attention to cashflow matching, unbiased results, readily executable strategies, and stable economic reserves. A case study is included to demonstrate the effectiveness of the framework in improving risk-adjusted return and cashflow matching for a representative liability block.

Description: Review the syllabus for the August 2024 Financial Mathematics (FM) Exam.

Description: The article provides an overview of the federal tax treatment of long-term care insurance contracts, including a brief history of the tax treatment of long-term care insurance, the requirements that must be satisfied in order to be treated as qualified long-term care insurance under the Internal Revenue Code, and a brief discussion of qualified long-term care combination products and chronic and terminal illness accelerated death benefits offered under life insurance contracts.

Description: Review the passing candidate list by name for SOA’s February 2024 administration of exam GIINT.

Description: Review the summary of SOA’s January 2024 Exam P in terms of the number of candidates writing, passing, and the associated pass rates.

Description: Review the passing candidate list by name for SOA’s February 2024 administration of exam FM.

Description: Review the summary of SOA’s February 2024 Exam FM in terms of the number of candidates writing, passing, and the associated pass rates.

Description: Review the passing candidate list by name for SOA’s January 2024 administration of exam P.

Description: Review the summary of SOA’s February 2024 Exam GIINT in terms of the number of candidates writing, passing, and the associated pass rates.