Description: This article gives readers an introduction to Microinsurance.

Description: Fraud is often a dynamic and challenging problem in credit card lending business. Supervised modeling/segmentation techniques are commonly used in fraud detection to distinguish risky transactions from non-risky transactions. However, these techniques frequently rely on identifying risky behavior at a global level. In this paper, along with the classical approach, a new technique has been studied to improve the behavioral fraud detection capability. The application of this proposed technique enables us to identify risky behavior at the account level.

Description: This table is an analysis of engagement among adults age 55 and older. Engagement is defined as time spent in paid work, formal volunteering informal volunteering and caregiving activities.

Description: This essay advocates that the transition from DB to DC plans won't be complete until plan sponsors offer programs of retirement income in their DC plans. The essay discusses the relevant actuarial and behavioral issues.

Description: This article provides a view on financial market dynamics and how this view can be applied to the Japanese public equity markets today.

Description: The Behavioral Finance subgroup of the Health Section will be publishing a series of literature reviews in Health Watch. This is the first review of three in the series. The reviewed article describes an attempt to place an econometric value on consumers’ preferences between broad and narrow networks.

Description: Argues public plans should only hold bonds, on the basis of tax and finance arguments.

Description: The author briefly describes a hypothetical example of several unconscious biases in the workplace, drawing upon the behavioral economics work of Kahneman and Tversky. He presents data to refute the snap judgments that are all too common in human interaction.

Description: This session from the 1995 SOA Boston Meeting presents an interview with financial industry experts on the ways in which consumers allocate investment and insurance dollars, looking at the annuity market, mutual funds and banks. From the Record of the Society of Actuaries, Vol. 21, No. 4b.

Description: Discussion of a New York Times article dealing with the arbitraging of policy loan proceeds by investing them in money market instruments whose yields were well above the policy loan interest rate.