Description: Discusses the reasons for, and the economic impacts of, the backdating of life insurance policies, and what changes in the industry might evolve to address them.

Description: Part 3 proposes solutions to the third of three flaws of the current financial model to obtaining the fair value of the public sector employer’s pension benefit liability.

Description: Recognizing an opportunity to help serve its members in this age of increased financial oversight, the Health Section of the Society of Actuaries commissioned a series of guides on the use of statistical techniques specifically geared for the work of health actuaries. The first guide in the series titled, 'Statistical Methods for Health Actuaries - IBNR Estimates: An Introduction,' is about the calculation of incurred but not reported [IBNR] health claims reserves. In particular, the guide focuses on the development of confidence intervals around IBNR estimates. This is an Excel workbook created to demonstrate the techniques discussed in the guide.

Description: Part 2 proposes solutions to the second of three flaws of the current financial model to obtaining the fair value of the public sector employer’s pension benefit liability.

Description: This session covers the economic principles of “buffet pricing” and whether such pricing can be used for health care. Presented is an argument in favor of “all you can eat” pricing of health care where consumers pay a fixed fee and have no constraints on consumption. From the Record of the Society of Actuaries, Volume 27, No. 1, Session 118

Description: Part 5 addresses various purposes for measuring a public sector pension liability and which measures have the most practical usefulness.

Description: Presented at October 1997 Annual Meeting. This session presents some of the economic issues associated with worldwide old-age crisis, focusing on the management of cash flows in social security systems and how they affect the country's national economy.

Description: This is an abstract of the paper about asset default risk entitled 'Do Junk Bonds Die in Vain? Some Do, Some Don't.' From ACTUARIAL RESEARCH CLEARING HOUSE, 1994 VOL. 1.

Description: Argues that by shifting the risk from the insureds - financial institutions - to the insurer - the federal government, we affect the behavior of the insureds. Once the consequences of the risk are absorbed by someone else, the insureds can assume more risk. This must be changed.

Description: Presented at October 1996 Annual Meeting. This session presents a forecasting model of economic assumptions that are inputs to projections of the Social Security system. Social Security projections are made to help policymakers understand the financial stability of the system.