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: This article discusses the question, should the Canadian Institute of Actuaries ask the universities to assume the primary role for the education of actuaries in Canada?

Description: This is a discussion of the Life–Cycle Model, findings from behavioral finance, managing risks post–retirement, the role of government, software and some perspectives on the future.

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 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: 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: Department column featuring an interview with Sim Segal.

Description: Discusses the different forms of guarantees that have been used in life insurance, and the various means of analyzing and establishing financial support to assure that these promises can be met.

Description: Profile of the Health Section.

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.