Description: Insurance Regulation in Spain In response to the 1995 Ordinance on the Supervision of Private Insurers, the Direccion General de Seguros DGS has proposed a sweeping new set of regulations. These regulations replace the 1985 and 1986 regulations their amendments and are intended bring Spanish regulation and practice line with the European Community EC directives. This article reviews some key aspects of the new Spanish regulation and discusses possible responses by the insurance market.

Description: Following the referendum in the UK on June 23 the UK is likely to leave the EU in the near future. While the terms of this separation will not be known for many months, this article aims to explore the possible implications that US insurers may face.

Description: A discussion of insurance claims processing and payment systems, and how to achieve the minimum possible number of errors.

Description: An interview with Dawn Helwig on developments in the Long Term Care market.

Description: Many top-performing businesses aren’t just risk aware, but rather risk intelligent. Such a posture helps prepare companies for a major event and can demonstrate to a regulator or auditor that an appropriately strong control framework is in place. Better still, companies gain real strategic value from a “risk adjusted” understanding not only of their threats and vulnerabilities, but also the upside opportunities associated with various risks. It starts with having both qualitative and quantitative information to identify, assess and manage risks. Strategic risk management, at its core, is about creating value by increasing transparency and accountability, and quality of information. More than a mere compliance exercise, effective risk management enables more informed strategic decision making, increased accountability and transparency, a greater likelihood of organizational success, and – ultimately – competitive advantage, as borne out by many studies that correlate risk management and financial results.

Description: A discussion of the role and responsibilities of actuaries beyond crunching numbers

Description: Article Pacific Insurance Conference BANFF 1979 by McCracken in The Actuary, December 1979, Volume 13, Number 10

Description: Identifies current trends and considerations when setting the mortality improvement assumption for individual life insurance in the US.

Description: A look at recent inflation, its impact on society, how it differs from other instances of inflation throughout history, and the effectiveness of various measures to curb inflation. From Record of Society of Actuaries, Vol. 1, No. 2.

Description: A discussion of pension reform in China at the time of the July 1997 introduction of a new unified pension system.