Description: The article explores impact of resetting cap vs static cap choice for the GLWB rider for a Fixed Index Annuity for a Point to Point. Moreover, analysis of a Monthly Sum Cap is provided showing impacts of particular choices of market models (e.g. Black, Heston, Bates) used to price this deal.

Description: Continuation of article from previous issue. This article illustrates the practical and financial implications of applying nested stochastic techniques to a sample product.

Description: This is Mr. Gerber's proof of the Schuette-Nesbitt formula.

Description: This article explores the possibility of using machine learning to improve, or potentially rewrite, actuarial code within actuarial software.

Description: This interview article summarizes the work being done by a Health Section Strategic Initiative Committee.

Description: A summary of the impact of the "Internet of Things" on the insurance industry.

Description: This paper reviews state and federal regulation of investment advisers as it applies to personal actuaries and advocates action steps.

Description: The impact of bond default risk on retirement benefit obligations describes how the probability default on a bond is similar to the probability of death for an annuitant. Bonds are used to cash flow match retirement obligations cash flows to funding from bond. Just as the probability of non-payment happens on the liability side, we can do the same with selected bonds. The end result may be an adjustment to the discount rates used.

Description: A discussion of how patents can be used to recover the cost of innovation in product development and operations

Description: The author discusses the first life table, or life table model, which was produced in 1662 by John Graunt in his Natural and Political Observations. He notes that the brief, crude table was both inaccurate and unrealistic, but nonetheless, proved to be the source of one of the most powerful concepts and valuable tools in demography and actuarial science.