Description: Real estate practitioners are increasingly using “economic location,” rather than “geographic location,” as their primary analytic tool. That trend has gained substantial support among academics and practitioners who believe “economic location” is a more effective basis on which to build the analysis of risk in real estate portfolios.

Description: United States actuaries have traditionally focused their attention on the liability side of pension fund balance sheets. However, with the private pension system now one of the largest sources of national capital, there is an opportunity for actuaries to establish themselves as primary sources of investment-related information and advice.

Description: This article presents the concept of comprehensive care management as a fundamentally different way to reform health care and reduce costs. There are 3 components - demand management, utilization management and disease management.

Description: Social security systems around the world have suffered from inadequate funding, leading to current or potential deficits and ultimate insolvency. This article discusses that this problem is a direct actuarial consequence of the inadequate funding that created the problem in the first place. It is simply an open group valuation problem.

Description: This article draws attention to the competition for the Boleslaw Monic Prize. Prizes totalling Dutch florins 12,500, roughly US$4,500 are being offered for the three best papers submitted on: “The significance of inflation for the non-life insurance industry, with particular reference to the relationship between direct insurance and reinsurance the problems facing management and a suggested methodology for their solution.”

Description: Profile of the Health Section.

Description: Interviews with several actuaries who are subject matter experts in the health field to get their perspectives on implementing the Affordable Care Act (ACA).

Description: In this article, the authors describe the flaws in our current determination of the Consumer Price Index CPI and other economic indicators, and propose a series of refinements for improving the CPI calculations. The article emphasizes the importance of accuracy, given the significant influence on business and investment policies, psychological effect on the marketplace, as well as on consumer confidence, and the direct impact on Social Security increases and other benefit plans.

Description: Article from The Actuary January 1993 Volume 27, No. 1 highlights task force on Valuation Methods for Long-Term Care Insurance

Description: Feature article describing what health actuaries think will be the future role of actuaries in the health care industry.