Description: Crossword puzzle

Description: This article describes the nature and features of collateralized mortgage obligations [CMO], identifies their key risk factors, and suggests steps that small insurers can take to effectively and economically model them.

Description: This article is about real estate as an alternative source of return and income. From Risks and Rewards Newsletter, August 2006, Issue No. 48.

Description: This article re-caps the Investment Actuary Symposium held on November 8-9, 2001 in Las Vegas, Nevada.

Description: Recent passage of the Gramm-Leach-Bliley Act increased the access that insurers have to low-cost loans advances offered by the individual banks of the Federal Home Loan Bank FHLB system. This article describes the general features of how advance programs work, their potential benefits to insurers and key issues to consider.

Description: New Zealand is about to launch its first variable annuity with guaranteed lifetime withdrawal benefits. The product design is mindful of the lessons from the financial crisis in the United States, Europe and Japan.

Description: Reviews book entitled An Introduction to Risk and Return from Common Stocks by Richard Brealey. The book provides a description of the stock market, as seen through the eyes of the statistician.

Description: In this article the author concludes that “terrorism may foster a sense of conservatism that we may now need in the marketplace. Now that policy may have to be changed. In the process, risk will become better understood, common sense can replace, to some extent, the irrational behavior or excessive risk taking of the past and we will all appreciate our financial situation much more, and won’t expose ourselves to unrealistic expectations as much Hopefully the actuarial profession can respond to the challenge, since we are the best qualified to quantify such risks in the marketplace.”

Description: This article highlights the Annual Meeting Session 39 on the Equity Risk Premium (ERP), mentions related sources. Further, it asks whether in the future we will no longer regard the ERP as a single monolithic entity but as a mosaic of premia, and also whether individual investors presently are too optimistic.

Description: ERM and Investment strategies for healthcare companies