Description: Compares Term VM-20 modeled reserves at low credibility factors.

Description: This paper examines the effects of selection procedures used in epidemiologic studies and suggests that similar procedures could be employed to select standard ordinary insurance risks at the older ages. The experience in this paper was developed from a prospective epidemiologic investigation launched by the American Cancer Society in the fall of 1959 to learn how personal characteristics, living styles, and environmental conditions influence health and longevity.

Description: Chairperson's column for the July 2016 issue of Predictive Analytics & Futurism.

Description: In the year’s first issue of Reinsurance News I talked a bit about what the Reinsurance Section Council had planned for 2015.

Description: Hear from the editor on the December 2017 issue of Risk Management published by the JRMS.

Description: Chairperson's Corner is the introduction to the JRMS newletter

Description: Treasurer’s Report of the Financial Reporting Section of the Society of Actuaries—2001

Description: Discussion of the latest report of the Individual Life Experience Committee ILEC Mortality for Standard Individually Underwritten Life Insurance Between 2005 and 2007 Policy Anniversaries.

Description: A common approach to estimating the total amount of savings required to fund retirement is to first apply a generic “replacement rate” to pre-retirement income, such as 80%, to get the desired retirement income need. That need is then assumed to increase annually at the rate of inflation for the duration of retirement, which is generally assumed to be some fixed period, such as 30 years. Using government data along with a fairly simple market and mortality model, we explore these assumptions to more accurately estimate the true cost of retirement

Description: This panel discussed studies of the risk of loss due to changes in the interest rate environment. It addressed why the C-3 risk is important and how inflation and stability in interest rates can affect the financial soundness of life insurance companies. There was also a discussion of the theoretical work being carried out to calibrate the C-3 risk of variation in interest rates and to what extent the valuation actuary can properly recognize the risk of loss from changes in the interest rate environment within the framework of valuations laws and regulations.