Description: This research illustrates many things we may learn from other actuaries around the world in designing a valuation framework, things we can do as well as things we want to avoid. From Society of Actuaries Financial Reporting Monograph, M-AS99-1.

Description: This paper was intended to give a broad overview of the international M&A process and the role of the actuary in it. There is, however, no cookbook approach, as the dynamics of each transaction are unique. It is important for buyers and sellers alike to get the best advice possible to conclude a successful transaction. From Actuarial Considerations in Insurance Mergers and Acquisitions, M-FI03-1.

Description: Actuarial appraisals are performed using discounted cash-flow models. Using local market insurance accounting standards, an appraisal model typically assumes annual after-tax distributable earnings that are repatriated to the investor. The various lines of business are modeled and validated individually and presented in separate sections of the appraisal report before being aggregated into a total company model. From Actuarial Considerations in Insurance Mergers and Acquisitions, M-FI03-1.

Description: The first objective of this paper is to test the hypothesis that higher levels of income inequality are directly related to lower levels of population health with updated data from around year 2000. The second goal is to examine the inequality-health relationship across the life course with particular focus on old age when income distributions often shift dramatically.

Description: Presented at Living to 100 Symposium, January 2011. This study adapts the idea of regular discount sequence in the bandit problem, and uses it to interpret life expectancy, as well as to develop a model for survival probabilities. Data came from multiple countries.