Description: This study note focuses on actuarial applications and loss distributions for insurance products.

Description: The article compares the return characteristics, return, volatility, and correlation, to that of other possible selections as a DC safe option. It concludes that stable value is pareto superior to all other safe option candidates, and is therefore the optimal safe option.

Description: This is a continuation of a discussion about the the theoretically correct treatment of the credit put the policyholder writes when purchasing an insurance contract.

Description: Discuss different approaches of XXX and AXXX relief solutions

Description: Article Ode To A Part Three Student by Adler in The Actuary, April 1979, Volume 13, Number 4. Poetry.

Description: This article discusses the current state of the IAIS' initiative on their group Insurance Capital Standard.

Description: This article explores the effectiveness of hedging delta and rho of equity options. This provides insight into the frequency and severity of losses due to not hedging volatility risk or other higher order risks. 10yr-equity put option strategies were chosen to represent the risk of hedging guaranteed benefits attached to variable annuities, while 1-yr put and call strategies were modeled to investigate the risk of hedging equity index interest credited to fixed indexed annuities. In both cases, the value of the option was compared to the value of delta/rho hedges in the tail of both actual historical and simulated scenarios for equity returns and volatilities. The historical path of interest rates and equities was generally used to highlight the hedge impact for different implied volatility assumptions in each example.

Description: Proposes alternatives for estimating the long term interest returns in Indexed Universal Life products. Defends expected return of 20%-45% on hedge budgets.

Description: Derives appropriate hedge ratios for CPPI strategies, taking into account discrete hedge times and market dislocations (gap risk).

Description: Explains the method used to calculate Liquidity Cost Score and Price Impact Score. Describes the rationale for and applications of these methods.