Description: Chapter 1 sets out the basic contention of this monograph that the reforms to the Canadian C/QPP represent primarily a cutting back of benefits and a partial privatization of Canada's retirement income security system. From Economic Security for an Aging Canadian Population, M-RS99-2.

Description: Discussion of Symposium Session 3B. Papers presented: Living to 100 - A Women's Issue Evaluation of Approaches to Reducing Women's Longevity Risk Estimates of Incidence, Prevalence, Duration, Intensity, and Cost of Chronic Disability among the US Elderly

Description: The Casualty Actuarial Society and the Society Of Actuaries would like to announce the recipients of the 2006–2007 Ph.D. Grant Competition.

Description: This article looks at the areas that affect financial reporting by insurance companies. From Society of Actuaries Financial Reporting Monograph, M-AS99-1.

Description: This paper sets the task of pricing insurance products in the larger framework of company planning and management. A generalized description of the pricing function, applicable to any insurance company project.

Description: This report explores ratemaking, examines the relationship of gross premiums and profit margins, suggests criteria for measuring contingency and profit margins, discusses the types of assumptions suitable for calculating nonparticipating rates and presents the mathematical technique to determine the premium. A discussion of the paper follows.

Description: The abstract for the paper Property/Casualty Insurer Economic Capital Using a VaR Model.

Description: This paper develops the binomial version of the Lee-Carter model and provides a comparative study of simulation strategies for assessing risk in mortality rate predictions and associated estimates of life expectancy and annuity values in both period and cohort frameworks.

Description: It is obvious that the introduction of a deductible has two major effects. The amount paid for every claim will drop, resulting in a lower claim burden for the insurance company. There will also be a drop in claim frequency, leading to a decrease in claim handling expenses. However, it is by no means obvious how the average claim size changes with the introduction of a deductible. In this paper, we will study this question. First, we derive some theoretical results then apply them to concrete distributions.

Description: Economic capital models are getting increasingly complex. An alternate copula free approach is presented which uses accounting data and an implicit correlation model to simplify economic capital calculations. Model simplification leads to robust and stable models. A banking case study is used to showcase how the model can be deployed using publicly available accounting data, capital adequacy, leverage ratios and shortfall tools.