Description: This article draws attention to the competition for the Boleslaw Monic Prize. Prizes totalling Dutch florins 12,500, roughly US$4,500 are being offered for the three best papers submitted on: “The significance of inflation for the non-life insurance industry, with particular reference to the relationship between direct insurance and reinsurance the problems facing management and a suggested methodology for their solution.”

Description: In 1971, a group of New York actuaries met informally with socio-economist, Edith Lynton, and heard some grim forebodings about how the larger economic problems affect the insurance industry.

Description: Reports the results of one application of a Future Research technique-in this case, forecasting future economic variables.

Description: This article examines Consumer Price Index, how it works and some considerations when using it in financial agreements.

Description: Great damage is being done to the U.S. economy as a result of the widespread misunderstanding that the Consumer Price Index measures changes in the cost of living.

Description: Models are useful in illustrating various facets of complex phenomena, but they are inherently limited.

Description: Feature article discussing how market interest rates and bond yields dropped in response to the global financial crisis in late 2008, and they have struggled to return to their prior levels, in part because the Federal Reserve has made efforts to spur growth and lending in a sluggish U.S. economy.

Description: Risk management techniques do not include system science. System science requires that the uncertainty of the world is incorporated into the results. The articles explains the difference between risk and uncertainty. Learn how risk practices create an overoptimistic view of future outcomes.

Description: The actuarial techniques actuaries use in financial security systems can be adapted to provide valuation of potential corporate environmental liabilities.