Description: Presented at June 1985 Spring Meeting. This session discussed international reinsurance opportunities, what can be learned from the casualty industry - where international reinsurance is commonplace, and a discussion of such issues as: Profit potential, Regulatory concerns, Taxation, Security, Costs.

Description: Summary of the International Section Council survey results, and how the results will impact council actions going forward.

Description: It is, without doubt, the poorest people in the world who are most in need of the security that insurance brings. Renata De Leers and Queenie Chow discuss why the micro-insurance market has low penetration, and why actuaries are so well placed to assist insurers in understanding their clients' needs.

Description: The article contemplates whether there is heightened sensitivity towards how investment activity is portrayed and described.

Description: Catastrophic exposure is on the rise owing to extreme weather and economic development of the past few years. Catastrophic claims peaked in 2017, but continue to pose a challenge to insurance markets. Global reinsurers seem to be well-capitalized despite the increase in CAT claims. But emerging insurance markets show a wide protection gap relative to more advance markets. Can reinsurance play a role in helping to narrow the gap? This article examines a few ideas.

Description: This article discusses world economic and financial trends and how people can be fooled into thinking nothing can go wrong.

Description: There are two major categories of risks that are unique in international business- currency exchange rate risk and country risk. Currency exchange rate risk includes transaction exposure, translation exposure, and economic exposure. Country risk contains political risk and economic risk. There are a few different methods to hedge currency exchange rate risk and country risk also discussed in the article. Before you decide to invest in a certain country’s market, ensure you understand the currency exchange rate and political risks associated with the investment by performing due diligence on the country’s economic, political and cultural condition.

Description: The Ecuadorian Actuarial Association (AEACT) was admitted, as a Full Member (FMA) of the International Actuarial Association (IAA) in October 2021. This constitutes a great achievement for a small country like Ecuador with 17 million inhabitants, a GDP of 100 billion U.S. dollars, and no more than 20 professional and registered actuaries. This important goal was a challenge both personally and for the team that worked hard to achieve it. I remember that it all began 28 years ago, when I attended as a guest to present a summary about the actuarial profession in our country at the World Congress of Actuaries that was held in Montreal, Canada. This congress was the opportunity to learn about the functions and activities of the associations of more developed countries with a significant number of actuaries and whose profession already had an acceptance in professional societies such as the Society of Actuaries in the United States, the Faculty of Actuaries of the United Kingdom, or the Institut des Actuaries of France.

Description: This article is a continuance of a series on Canadian federal government statistical agencies. From The Actuary Vol. 24, No. 4

Description: This article presents recent perspectives on the understanding and measurement of pandemic risk.