Description: This paper uses a simple example to examine the relationship between the pricing objective of ROI and the corporate profit measure of ROE. Additionally, this paper examines the effect on ROI and ROE of growth in the amount of new business. From Product Development Section Monograph, M-AS99-3.

Description: Download the papers from the "Defining the Characteristics of the 21st Century Retirement System" monograph.

Description: This panel discussion from the SOA's 1975 Annual Meeting addressed the perceived future of pension plans. Discussions included expectations related to: 1 Plan Terminations, 2 Trend toward defined contribution or profit sharing, 3 Career pay benefit formulas, 4 Slowdown in plan liberalizations, 5 Slowdown in establishment of new plans, 6 Integration with Social Security, 7 Cost of Living Increases, 8 Inclusion of pre- and post-retirement spousal benefit at employer's cost, 9 Retirement Age, and 10 Mandatory Pensions.

Description: The concept of transformed distributions is generalized in this paper. First the concepts of net premium intensity, loaded premium intensity and load generators arc introduced. Then transformed distributions are identified with premium intensity and hence the loaded premium is calculated from transformed distributions. Finally it is shown that this method of premimn calculation is arbitrage free and it incorporates the strengths of the utility approach.

Description: We employ a framework for the classification of mortality evolution patterns to HMD data. We find both supra-regional patterns and outliers from global trends.

Description: We apply grouped functional time series forecasting methods to produce point forecasts of mortality rates at older ages and price fixed-term annuities.

Description: This paper examines the history, reasons, and impact of the shift from traditional defined benefit plans to hybrid plans. Also discussed are the need for good communication, and for further regulation. From Cash Balance Symposium Monograph, M-RS02-3.

Description: The purpose of this paper is to present to the actuarial profession a stochastic investment model which can be used for simulations extending for many years ahead. Discussed in the paper are the general reasons for choosing the style of model, the general model and how to use it, the assumptions and the sensitivity of model to the assumptions made and the possible applications in the investment and actuarial fields.

Description: Part 5 addresses various purposes for measuring a public sector pension liability and which measures have the most practical usefulness.

Description: 2011 Enterprise Risk Management Symposium, Chicago. This paper explores cognitive and behavioral theories that can be applied to explain why emerging risk is often overlooked, downplayed or ignored. It also proposes an innovative framework for managing emerging risk within an overall enterprise risk management program.