Description: This paper uses economic principles to analyze alternative recognition schemes for end-of-period retirement plan liabilities the candidates, using U.S. nomenclature, are the vested benefit obligation VBO, the accumulated benefit obligation ABO and the projected benefit obligation PBO.

Description: This article provides a general introduction to JRI, including details about the types of research areas it highlights, an explanation of its prior review policy, current calls for papers, and its social media efforts.

Description: Chapter 5 of the Price, Waterhouse study presents an extensive collection of tables attempting to capture the size, risk, age, and objectives of the examined programs in an understandable, comparative format. From Study of Public Financial Guarantee Programs, M-FI96-2.

Description: This research report on the effect of deflation or high inflation has six sections: 1. The first section provides background on inflation, describes some problems in measuring inflation, and explains some of its effects on an economy. 2. The second section reviews historical inflation rates. 3. The third section examines the effect of inflation or deflation on the property-liability and life insurance industries. 4. The fourth section proposes risk mitigation strategies for insurers to cope with either deflation or high inflation rates. 5. The fifth section describes a publicly available model that can be used to develop inflation/deflation projections under a regime switching format that can readily be adjusted to reflect current financial uncertainty. 6. The sixth section provides conclusions.

Description: The SOA Research Institute along with the Corporate Finance & Enterprise Risk Management Curriculum Committee, Financial Reporting Section, and Individual Life & Annuity Curriculum Committee are pleased to make available a research report that aids students and practitioners with their understanding of the rating agencies as they affect the insurance industry.

Description: This report summarizes a study that estimates the total economic burden of the opioid crisis in the United States from 2015 through 2018 and projects future costs of the opioid epidemic for 2019.

Description: Chapter 4 of the Price, Waterhouse study presents and extensive collection of numerical tables. From Study of Public Financial Guarantee Programs, M-FI96-2.

Description: The presenters will discuss the current interest rate market environment and what insurance companies can do to best protect themselves from interest rate risk. The presenters, industry leaders in financial risk management, will explore how different products and strategies—including swaps, options, and other derivatives—are being used in today’s market. The discussion will include how to model and measure interest rate risk, how to quantify hedge effectiveness, and how to improve hedging operations.

Description: This report examines weather conditions for high temperature, drought conditions, and late in the year tornadoes that are extreme in an historical context.

Description: The image campaign for the actuarial profession is described. From Record of the Society of Actuaries, Vol. 30, No. 3.