Description: This article gives a brief history of the insurance industry in Switzerland and then describes the actuarial profession there today and tomorrow.

Description: This article on pensions and tax expenditures discusses the problems in the development of the numbers provided by the Office of Management and Budget. Tax reform proposals that quantify increases in tax revenue that would result from elimination of tax advantages of qualified pension plans are flawed in the author's opinion.

Description: This session at the SOA 1990 San Francisco Spring Meeting covers individual life products including the state of the market, sales results, new ideas and regulatory developments.

Description: We devise an approach, using tobit models for modeling annuity lapse rates. The approach is based on data provided by the Society of Actuaries’ Risk Management Task Force. Kim [2005a] models annuity lapse rates using a logit model and the same US data (he also used Korean data separately). We find that the tobit model is a more than suitable approach for all levels of the explanatory variables including interest rates, unemployment rates, and GDP growth rates. Specifically, policyholder behavior in the tail of the distribution of lapse rates is explained as well as it is in the normal range of lapse rates.

Description: This article presents recent developments and trends with respect to Economic Capital based on the work of the EC subgroup of the SOA's Risk Management Task Force.

Description: This panel discussion is about the basic concepts of non-participating life products with non-guaranteed. Various products on the market are described and the issues around pricing, product design, reserving, regulatory approval and taxes are discussed.

Description: This article provides the reader with some insights regarding tax planning under the new required methodology.

Description: The IRS released the details of a program to allow life insurers to correct inadvertent failures to comply with the modified endowment MEC rules under section 7702A of the Internal Revenue Code the “Code”.

Description: This session at the 1989 Valuation Actuary Symposium looks at issues of the AIDS/HIV epidemic including the extra mortality, reserving options, a proposed actuarial standard of practice, and also covers the Canadian perspective.

Description: The presentation will outline the different possibilities insurance companies have to hedge their equity risk for the various products.