Description: The brief from the editor of Expanding Horizons for this essay was to give some personal reflections on how actuarial education and research influence actuarial practice.

Description: This literature review provides insights on emerging technologies that interact with the actuarial profession within the space of microinsurance for the purpose of establishing a frame of reference for actuaries to use in their work. Furthermore, it intends to spark readers’ interest in, and create a vision for, how microinsurance and its associated technologies may impact the actuarial industry in the future.

Description: Letter from the new chairman of the Technology Section Council introducing the new council members.

Description: This article explains the changes made to the Expanding Horizons Newsletter.

Description: Chairperson’s article about research projects the section is currently sponsoring.

Description: This article provides an overview of the new Financial and Health Economics module now requried for all FSA's.

Description: The key tasks of credit risk capital project under CROSS II mainly focus onL(1 )Adjustment of measurement framework; (2) Calibration of risk factors, including both credit spread risk and credit default risk;3)Introduction of concentration risk measurement; (4) Higher requirement on look-through rule.

Description: List of members on the Committees on Mortality and Morbidity Experience Studies and Group and Self-Administered Plans.

Description: One of the most fundamental concepts in actuarial practice is the time value of money. For any work in which future cash flows are allowed for, such as reserving or pricing, it is natural to discount to present values so that an appropriate amount of money can be set aside today, allowing for future investment returns. This article discusses yield curve extrapolation methods along with the benefits and drawbacks of these methods.

Description: Limitations in actual practice as a health care actuary due to lack of standards, lack of internal data, too much external data, lack of control. Issue No. 38.