Description: A recent study sheds light on the measurement and implications of the relationship between increased morbidity and declining disability. The results were not consistent across all populations. This study of the compression of morbidity is part of a wider project called the M-project, led by the four authors, which aims to explore the demographic factors leading to an increase in the adult longevity, investigate the phenomenon called the compression of mortality and develop a new methodological approach to longevity analysis with focus on the modal age at death M.

Description: This is an abstract article on the clustering method for analyzing and classsifying insurance policies by Yefu Kou. ARCH 2008, Issue 1.

Description: The abstract for the paper The Great Debate on the Outlook for Human Longevity: Exposition and Evaluation of Two Divergent Views.

Description: This is the abstract for the paper on optimal reversible annuities to minimize the probability of lifetime ruin.

Description: This abstract describes a paper that considers the square-root process and its time integral as they occur in pricing options in stochastic volatility models.

Description: This abstract describes a paper that reverses the sequence of the Euler (or gradient) allocation technique by calculating the marginal costs of risk exposures for a profit maximizing financial institution with risk averse counterparties, and then identifying a closed-form solution for the risk measure whose gradient delivers the correct marginal costs.

Description: When companies engage in risk management activities, they can be seen as modifying their distributions of future outcomes. Often, this takes the form of trading off a sure cost for a decrease in some potential risk of loss. Companies may carry out these activities with several goals in mind, such as reduction in earnings volatility or preservation of capital. This paper will demonstrate a method for evaluating possible strategies by dividing the effects on costs and risks into three tranches: earnings, impact and estate. The tranches can be associated with different interests of the various stakeholders. This trifurcation analysis can help to explain the risk-reward trade-offs of different risk treatment alternatives and can aid in risk-related decisionmaking.

Description: The abstract for the paper The Effects of Advanced Age Mortality Improvement on the Valuation of Variable Annuities with Guaranteed Death Benefits.

Description: The abstract for the paper Trajectories of Disability and Mortality Among the U.S. Elderly Population: Evidence from the 1984-1999 NLTCS.

Description: This paper discusses a natural and convenient statistic, the nested L-statistic, investigates its performance using a simulation study, and considers an example involving the comparison of risk measure values where the risks of interest are those associated with tornado damage in different time periods and different regions. From the Actuarial Research Clearing House, 2008, Vol.1.