Description: The author proposes the concept of a risk-free equivalent rate of return on shareholders' equity, or ‘REROSHE,’ as a means of helping business managers make decisions involving risk. The author defines REROSHE as ‘that certain return on an investment of u that will generate the same expected value of utility as will earnings on a line of business supported by surplus u.’ Includes discussion and author’s review of discussion. From Transactions of Society of Actuaries 1983 Volume 35.

Description: Key excerpts from research recently performed by Milliman consultants for the SOA on the impact of VM-20 on life insurance product development.

Description: This article provides a perspective on the SOA’s Aging and Retirement research reports, and on the types of research that are included. The SOA does a lot of research on different retirement topics, and many people are not aware of the scope of this work. This article offers an overview of the big picture as we think about the future. The article describes longer-term challenges to the US retirement system and recent developments that have affected the system and created uncertainty. It provides an overview of what individuals have said about retirement and their view of post-retirement risks and planning in a variety of consumer research studies. It then reviews some of the research and provides information on summary reports which provide insight on the findings from multiple related research reports. It also provides information about consumer education and what is currently available and in process. It then focuses on how the SOA is helping retirement professionals understand current and expected change and discusses areas of uncertainty as we help those we serve deal with change.

Description: This letter from the President of the SOA finds that the changing nature of the risks our stakeholders face creates an opportunity for the actuarial profession, if our reactions meets their needs. From The Actuary, February 2012, Volume 9, Issue 1.

Description: This article updates the reader on the activities of the recently formed International Committee of the Joint Risk Management Section. With global webinars and more activities, this committee is ensuring the risk management word is spread throughout the world.

Description: This is an article about the struggles and successes of female actuaries working in the United Kingdom.

Description: Anna and Maria report on the “Older Women in the Future: Adapting to Longer Lives” session that they jointly presented with Terry Kozlowski at last year’s World Future Society Conference, and provide brief summaries of selected other sessions they found interesting and/or surprising.

Description: Feature article that discusses how insurance and banking business models have continued to grow in complexity over the past 50 years—from simple and local risk exposures to the current environment of complex and global exposures

Description: The SOA Research Institute has executed research for over twenty years on some repeating themes and topics. The reports build on each other and add content. This article summarizes and discusses a summary report on long-term care, caregiving and housing linked to long-term care and caregiving.

Description: Discusses potential implications of increasing life spans in many areas.