Description: This is a report on the 2005 Shanghai Insurance and Actuarial Open Forum which was held on June 8, 2005 at the Management and Development Center of Fudan University in Shanghai, China. The Forum had two themes : health insurance in China and actuarial education in China.

Description: In this article, the author talks about how the actuarial profession can position itself as the natural choice for complex risk management work.

Description: A discussion of the political, economic, and demographic environment in Europe and its impact on the life insurance industry.

Description: Highlights of attending the 13th East Asian Actuarial Conference at the Westin Hotel in Bali, Indonesia on September 12-15, 2005. From International Section News, July 2005, Issue No. 36.

Description: This article is the second of a two-part series on international developments in the actuarial profession and professional organizations.

Description: Can immigration in Europe actually help to mitigate the looming pension crisis.

Description: A short introduction of small actuarial association from Bosnia and Herzegovina. We are planning to take the SOA/CAS actuarial exams, with help and support from the SOA, the CAS and the IAA.

Description: This newsletter contains several articles: The Institute of Actuaries of Japan thanks the SOA Malaysia updates on RBC An update on the SOA international experience survey regulations changing in Bermuda, and An update from the Swedish Actuarial Society Aktuarieforeningen.

Description: Just in the recent two years, COVID-19 has demonstrated very impressively that a pandemic is not something for which one can fully prepare. However, what makes a pandemic so special and difficult to manage compared to other low frequency and high severity events such as volcanic eruptions or tsunami damage? Frank Schillerexplains what makes a pandemic so different, viz, information uncertainty, exponential growth, and time lags.

Description: Volatility managed funds, which focus the measurement of an investor’s risk appetite on the volatility of the portfolio, have grown popular in the Asian markets recently, particularly in Japan. This article discusses a typical volatility managed strategy and presents performance comparisons between volatility managed funds and other comparable market strategies. The advantages of target volatility managed funds to investors and insurers are also included.