Description: Introduction to Actuarial Considerations in Insurance Mergers and Acquisitions, M-FI03-1.

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: 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.

Description: Transcript of the Q&A period from session 1B.

Description: Discussion of Living to 100 Session 6A: Projection and Statistical Modeling of Mortality at Late Age

Description: We propose an age-shift model to modify the LC model and deal with the problem of parameters. The proposed method attains smaller estimation errors with respect to mean absolute percentage error or mean square error. We also apply the proposed age-shift model to the mortality rates of these four countries to evaluate the longevity risk in annuity products by measuring life expectancy.

Description: This paper offers a preliminary exploration of the implications of alternative mandatory annuity designs in a privatized Social Security environment. From Retirement Needs Framework, M-RS00-1.

Description: 2011 Enterprise Risk Management Symposium, Chicago. This is the abstract of the entitled paper.

Description: Discussion of Session 2A.

Description: In this paper, we investigate the dynamics of the Lee-Carter mortality index parameter kt. Specifically, we perform statistical hypothesis tests to examine whether the mortality indexes for Canada, England and Wales and the United States are best described by stochastic trends difference stationary models or deterministic trends trend stationary models. The empirical results favor broken-trend stationary models over difference stationary models, which are used in most previous applications of the Lee-Carter method. The results also give strong statistical evidence that the rates of mortality decline for the three populations have significantly accelerated in mid-1970s.