Description: Announcement that learning objectives for Exam MLC, MODELS FOR LIFE CONTINGENCIES, are being revised and will be in place for the spring 2012 administration of this examination.

Description: Following up on recent articles on claim reserves and retrospective testing, this article examines some data quality and methodology issues related to calculating LTCI claim reserves.

Description: This section contains book reviews and a select bibliography. From Transactions of Society of Actuaries 1973, Vol. 25, Pt. 1, No. 73. Book topics include statistics, quantitative methods for determining IBNR, and Investing for a Financial Institution. Other books on actuarial and insurance topics are briefly discussed.

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: Best practices for a successful model conversion or transformation. It details the key stakeholders involved and the processes and tasks across various stages of the model conversion.