Description: Retirees and their advisors should construct diversified portfolios of retirement income, allocating among various retirement income classes that include Social Security, annuities, and systematic withdrawals from invested assets. This essay discusses the pros and cons of various retirement income generators and the issues with constructing retirement income portfolios.

Description: Impact of low and negative interest rates on various aspects of insurer operations including product management, investment management and capital management.

Description: Comments on how US insurers have compensated for low interest rates by investing in a range of less liquid and lower quality assets.

Description: Introduction to option pricing using Black-Scholes. Discussion on the limitations of Black-Scholes and of its alternatives such as Heston. Clear, accessible explanation of key results of mathematical finance including risk-neutral valuation.

Description: Provides an overview of special characteristics of private equity and infrastructure asset classes, based on the perspective of experienced investors

Description: Recaps April 2015 seminar on derivatives use for fund managers and insurers in China. Describes growth in Chinese derivatives market including CSI 300 futures

Description: Correspondent's report from the Investment Section Breakfast at the SOA Annual Meeting in Austin 2015

Description: The classical approach to life contingencies has treated actuarial functions as fixed quantities. In point of fact, these functions really represent the mean or expected values of random variables which are functions at the length of time to death of a life aged x. In this paper, we will present some examples of this approach. Talk given at the thirteenth annual Actuarial Research Conference held at Ball State University, Muncie, Indiana, September 1, 1978.

Description: Update on accounting and capital/RBC issues subsequent to tax reform.

Description: Crossword Puzzle