Description: On July 17, FASB announced a deferral of the compliance deadline for the new Long Duration Targeted Improvements (LDTI) guidance: “a one year deferral for larger SEC filers and a two or three year deferral for all other entities.” This article highlights the opportunity for companies striving to comply to modernize in light of this deferral, and it provides a few specific suggestions to companies who pursue this path.

Description: The April/May 2013 edition of The Actuary magazine—the Society of Actuaries’ flagship publication.

Description: This article is the first in a four-part series about what actuaries see as ideal components of a health care reform package. This part covers health care reform ideas explored at the Conference of Consulting Actuaries’ CCA 2009 Annual Meeting in Tucson, Ariz.

Description: Presented at June 2003 Spring Meeting. Discusses techniques for limiting reinsurance exposure to concentration of risks, impact on group and corporate-owned life insurance 'COLI' and business-owned life insurance 'BOLI' and changes in the catastrophe reinsurance market.

Description: Article provides an excellent summary of the importance of mathematics, computer models for determining the future for human-based financial security models, and the importance of recognizing how human behavior effects the financial security program.

Description: 1993 SOA Spring Meeting, Boston. This session presented ways of using technology of 1993 in order to further actuarial applications and actuarial projects. The speakers related recent personal experiences in which emerging trends in hardware, software, and methodologies have been utilized.

Description: Actuarial systems access and change controls are hot topics these days as modeling continues to increase in complexity and as new modeling regulations may begin to crest over the horizon. Many companies are currently in the process of either formalizing their actuarial system access and change control protocols, or are reevaluating and strengthening their existing control processes in response to identified deficiencies or in conjunction with new actuarial system implementations. With these undertakings in mind, this article discusses a number of valuable components commonly incorporated in formal systems access and change control protocols. Also discussed are leading practices identified in the SOA publication “Actuarial Modeling Controls: A Survey of Actuarial Modeling Controls in the Context of a Model-Based Valuation Framework (December 2012)”, and from the Institute and Faculty of Actuaries.

Description: 1993 SOA Annual Meeting, New York. This session addressed systems management and discussed these questions: 1. Why is it so difficult to forecast delivery times and resource requirements? 2. Should I build or buy? 3. What project management techniques have worked for you? 4. Why do systems development projects often go out of control? 5. What is the systems development life cycle? 6. Why does testing always prove inadequate?

Description: This article is about equity real estate and how its becoming an important part of investment profiles.

Description: In reaction to a spate of model conversion activity and rising acceptance of model risk management techniques, many companies have, or are in the process of centralizing their modeling function to accommodate both governance and efficiency demands. These operating model changes have produced a wide range of questions and issues, such as division of labor, roles and responsibilities, selection of tasks to keep decentralized, among others. This session will frame a series of key considerations around modeling function consideration, and share lessons learned with the audience.