Description: Full version of The Financial Reporter, Issue No. 60, March 2005.

Description: A reflection on the need/desire for one right answer when there isn't one

Description: Discussion of what is included within the scope of Enterprise Risk Management and why it is of significance to the jobs of financial reporting actuaries

Description: This is the full version of The Financial Reporter, August 2004, Issue No. 58.

Description: This article discusses fair value reporting for insurance companies and how to get fair value in the real world.

Description: Full version of The Financial Reporter, Issue 62, September 2005.

Description: A discussion of the use of stochastic modeling in Embedded Value financial reporting

Description: Full version of The Financial Reporter, Issue No. 71, December 2007.

Description: The authors envision a data warehouse with information at the policy level or lower, and demonstrate how this data can be used to analyze the sources of earnings. The key to their analysis is the data warehouse, which links each policy, not only to valuation assumptions and results, but also to general ledger accounting amounts and to projections - model output that feeds the financial plan.

Description: Under non-Aristotelian logic, there are multiple values, or shades of gray. Indeed, there may even be unexpected results from logical combinations, like “both” and “neither.” This article discusses how this insight should be applied to the current debate between formula-driven reserves with limited assumption flexibility and the reserve principles approach. For reserve standards, we do need both actuarial judgment grounded in reserving principles and restrictive formula methods or safe harbors.