Description: discussion of risk management and proper pricing of life insurance products.

Description: Measurement of the Volatility Risk of Traditional Actuarial Risks for use in pricing and reserving

Description: The article has formulas for calculating the geometric return of a portfolio using the arithmetic return and the variance

Description: background history of the insurance industry and the role of actuaries within it, followed by the current environment and anticipated future environment.

Description: A discussion on the validity of real returns.

Description: Description of new regulatory risk disclosure for private fund advisers.

Description: The author summarizes the content of a seminar entitled “Integrated Approaches to Risk Management in the Financial Services Industry,” including a description of the papers presented.

Description: This article provides a summary of the research paper and Excel-based tool that can be found on the SOA’s website at Regulatory Capital Adequacy for Life Insurance Companies: A Comparison of Four Jurisdictions | SOA.

Description: Recent advances in mortality modeling have enabled applicant-specific quantification of mortality risk in life insurance applicants using laboratory and physical measurements. Relative to more conventional underwriting, this approach identifies a small population of significantly under-priced policy and a much larger, cross-subsidizing group whose risk is presently overestimated. Applicants placed in the highest percentile by this scoring methodology are more than 10X as likely to die in a given period as their demographic peers, and represent approximately 5% of short-term claims. Implications for product design are substantial in both the short- and long-term, as the possibilities for adverse selection grow, and the opportunity for fully individualized pricing raises the more distant prospect of products with as many rate classes as applicants.

Description: Provides a technique for carrying out investment performance attribution reporting which provides stable, consistent results without residuals. Provides simple examples and a mathematical defense of the method. Illustrates implementation using numerical integration. Provides guidance to limit application of the technique when there are discontinuities in the underlying exposure.