Description: Economic capital is everywhere you look in the insurance industry these days. Article explains reasons for this and discusses recent developments and the impact on the financial reporting actuary.

Description: This presentation defines the risks in the context of pension plans and reviews their relationship. From 2000 ARCH, Quebec City, Canada., January 2000.

Description: This paper presents the probabilistic concepts underlying measurement of asset adequacy in a simplified way. Discussions of this paper are included.

Description: This paper presents a generalized profits released model which resolves the difficulties of the traditional analysis posed by products that have fluctuating profits and losses over time or have no initial investment. Discussions of the paper are included.

Description: Estimation of hazard rates at extremely old ages poses serious challenges to researchers: 1 The observed mortality deceleration may be at least partially an artifact of mixing different birth cohorts with different mortality heterogeneity effect 2 Standard assumptions of hazard rate estimates may be invalid when risk of death is extremely high at old ages 3 Ages of very old people may be exaggerated. In this paper we propose an alternative approach, which gives an opportunity to resolve the first two problems by compiling data for more homogeneous single-year birth cohorts with hazard rates measured at narrow monthly age intervals. Possible ways of resolving the third problem of hazard rate estimation were elaborated.

Description: An excerpt from a presentation at the 2014 Living to 100 Symposium, this article describes an open-source model for use by actuaries attempting to estimate future health benefit costs, discusses its strengths and limitations, and projects that spending for those age over 65 will take more than $13 trillion by 2055, about 50 percent of total medical expenditures.

Description: Part 5 addresses various purposes for measuring a public sector pension liability and which measures have the most practical usefulness.

Description: This session from the 2003 SOA Spring Meeting covers current and future issues relating to individual and small group medical insurance. This includes implications of market consolidation, regulatory issues and demographic trends. From the Record of the Society of Actuaries, Volume 29, No. 2, Session 5PD.

Description: The abstract for the paper The Importance of Being Transparent: Theory and Implementation Specifics for an Integrated Risk Measurement Model for P&C Companies.

Description: This is a discussion on the probable effects of medical advances on longevity. From Transactions of Society of Actuaries 1961, Vol. 13 Pt. 2