Description: 1994 SOA Spring Meeting, Orlando. This session is about re-engineering large actuarial systems. Large actuarial systems have become drains on human, computing and financial resources. And in some cases, daily actuarial functions have grown beyond the scope of normal cost-containment techniques. Re-engineering actuarial systems can significantly alter the trend.

Description: Describes several regulatory changes that may impact the actuary working in a small company. These changes are not related to Principle Based Reserving.

Description: Long-term care policy buyouts have been discussed within the industry lately as an additional policyholder option alongside a premium rate increase. This article discusses potential advantages and disadvantages of long-term care policy buyouts from the perspective of insurance carriers, regulators, and policyholders. It also explores certain key actuarial considerations relating to long-term care policy buyouts including potential approaches to valuing a buyout, adverse selection, and reinsurance.

Description: Vision and objectives and projects for the International Section.

Description: High level overview on how to implement a risk adjustment chart chase program.

Description: Exploring how artificial intelligence can enable insurance to expand into new places with new insights.

Description: Short insights on different innovation and entrepreneurial topics. These come from the Entrepreneurial & Innovation Section's e-bulletin, Innovation Insights.

Description: Note from the outgoing chairperson.

Description: Principle-Based Reserving (PBR) is now upon us! Are you ready? Learn how Swiss Re's PBR Experience Sharing Solution can help you navigate this change.

Description: In a well-designed enterprise risk management (ERM) program, the firm integrates risk management into the strategic planning process, addressing strategic risk, financial risk, operational risk and hazard risk under a single overarching process. This is particularly important to large financial firms, such as property and casualty (P&C) insurers, which face a diverse set of risks. In contrast to previous studies that document a significant product line and geographic diversification discount relative to more focused competitors, our analysis suggests that firms with effective ERM programs exhibit a performance premium. Using the Standard and Poor’s (S&P) ERM ratings from 2006 to 2012, we find that product line diversification has a significant positive effect on value for more diversified firms with well-implemented ERM programs, as compared to those with weak ERM.