Description: Critical illness CI products are gaining in popularity in North America. These products have been available for close to 20 years in many countries around the world, including South Africa, Australia, the United Kingdom and most of Asia. Many of the lessons learned in these countries concerning product design, pricing, underwriting and claims adjudication are relevant to the U.S. market. This session reviews the latest trends around the world. Attendees gain insight into the key issues driving the profitability of the product and are better positioned to determine the main considerations in deciding whether or not to introduce such a product in their market. From the Record of the Society of Actuaries, Volume 29, No. 1, Washington, D.C., Spring Meeting, May 29–30, 2003, Session 60PD.

Description: Companies operating in international markets have additional issues to consider from a risk management point of view. Fluctuations in exchange rates, political and sovereign risks, regulatory issues, capital management and human resources considerations are among these. This session gives attendees the opportunity to understand how multinationals currently deal with these issues and how they are functionally structured to handle the risk management process. From the Record of the Society of Actuaries, Volume 29, No. 1: Washington, D.C. Spring Meeting, May 29–30, 2003, Session 30PD.