Description: This article discusses the trend toward outsourcing of insurance assets to third party money managers which has grown steadily as insurers face increasing market challenges. Insurers are finding that a strategic approach to outsourcing investments is critical to enhancing value within both liability reserves and surplus portfolios.

Description: This article contains summaries from three different local actuarial club meetings that were focused on the examination system and the actuarial profession.

Description: This article describes the new state of Washington regulation governing replacements noting problems with the formula used and offering improvements.

Description: Higlights from the 1977 volume of TSA Reports, including Standard Ordinary mortality ratios, an intercompany study of accidental death benefit experience, and reports from the committees on various lines of insurance.

Description: The author, a professor of biostatistics, argues that the use of the terms “rate” and “probability” by epidemiologists, demographers-and actuaries, are often used incorrectly.

Description: The author notes that “there is reason to expect 1981 to be the biggest year for Social Security legislation since 1977, perhaps even since 1972. The author further notes that the Congress will be forced to act to bring the system into financial balance. The article discusses some of the actions apt to be considered for legislative action including inter-fund borrowing, general fund borrowing, general revenue financing, changes in retirement age, changes in indexing, move towards universal coverage, and others.

Description: This article is a review of the “Report of the Universal Social Security Coverage Study Group,” published by the department of Health and Human Services in March, 1980. The author of this review notes that the mission of this group was “to examine the feasibility and desirability of mandatory Society Security for employees of the federal government, of state and local governments, and of private non-profit organizations. The article discusses what the report sees as major problems with the lack of universal coverage, and recommendations to address them. Editor’s Note: This is excerpted from a full review to appear in the Transactions.

Description: This is a books review of 'Social Security,' Second Edition, 1981, by Robert J. Myers.

Description: This article is the first of two parts - the second part published in the December, 1981 issue of The Actuary - and provides a summary of Canada’s National Pension Conference. The author of this article, a participant at the conference, notes that the prevailing view in Canada is that the government and employer, not the employee, jointly share the responsibility of providing financial security in old age.

Description: This article summarizes the presentations on December 7th, 1981 at the Los Angeles Actuarial Club. The discussion was on regulating universal life products by several actuaries prominen tin that field - John 0. Montgomery, David R. Carpenter, Allan L. Chapman, and Lynn C. Miller.