Description: Article from The Actuary, November 1971 – volume 5 - Issue 9 is an update on the current efforts of the ALC-LIAA Joint Actuarial Committee to bring about certain changes in the Standard Valuation Law and the Standard Non-forfeiture Law. These efforts may have an important influence on operations of life insurance companies in the United States.

Description: Article from The Actuary, January 1972 – volume 6 - Issue 1 discusses Keynes impact on inflation.

Description: This is a panel discussion about savings and the economy. From Transactions of Society of Actuaries 1967, Vol. 19 Pt. 2, No. 55.

Description: Risk management techniques do not include system science. System science requires that the uncertainty of the world is incorporated into the results. The articles explains the difference between risk and uncertainty. Learn how risk practices create an overoptimistic view of future outcomes.

Description: Analysis of IASB position on the discount rate to use in computing the Fair Value of Insurance Liabilities

Description: This article presents some observations on inverted yield curves of U.S. Treasury securities and the correlation of volatility of Treasury security interest rates with their absolute level. The time covered by the study is December 1953 to December 1988. From Society of Actuaries Financial Reporting Monograph, M-AS99-1.

Description: In this session, we will explore investment solutions that aim to maintain the long-term viability of a pension plan, with considerations on hedging interest rates, credit, inflation, longevity and other risks, while accounting for the many particularities associated with underlying liabilities and their corresponding ramifications.

Description: This article is a summary of a November 1981 actuarial club presentation by Robert D. Shapiro. It begins with the rise of Universal Life in 1981 with the climate of high interest rates and minimization of company federal income tax and then discusses the year 1982 with declining interest rates and the changes made to UL.

Description: This article discusses equity risk premium, what it is, how it should be measured, if a constant risk premium provides the best model and what are reasonable expectations for the future.

Description: Introduction to option pricing, with special attention to issues in applying these tools to price equity-linked insurance products. Clear, accessible explanation of key results of mathematical finance including risk-neutral valuation.