Description: This paper uses a mortality surge model to estimate the total financial impact on the U.S. insurance industry of a flu pandemic. It does not attempt to determine the probability of such a pandemic.

Description: This paper considers the risk that actual mortality will be lower than the mortality assumed when pricing life annuities on impaired lives. It develops a method for managing this risk through a Provision for Adverse Deviation PAD.

Description: New Zealand is about to launch its first variable annuity with guaranteed lifetime withdrawal benefits. The product design is mindful of the lessons from the financial crisis in the United States, Europe and Japan.

Description: We analyze how volatility management techniques in VAs affected policyholders and insurance companies

Description: Chairperson's Corner is the introduction to the JRMS newletter.

Description: In an effort to build a bridge between epidemiological and actuarial modeling, this paper analyzes possible financial arrangements made against expenses resulted from medical treatments given to insured patients. Based on classical compartment models, the first part of this paper designs insurance policies for susceptible participants facing the risk of infection and formulates the financial obligations of both parties using actuarial methodology. For practical purposes, the second part employs a variety of numerical methods for calculating premiums and reserves. The last part illustrates the methods by designing insurance products for the Great Plague in Eyam and the SARS Epidemic in Hong Kong.

Description: Hear from the chairperson on themes in the August 2016 issue of Risk Management published by the JRMS.

Description: Hear from the chairperson on themes in the December 2016 issue of Risk Management published by the JRMS.

Description: Hear from the editor’s on the March 2017 issue of Risk Management published by the JRMS.

Description: Hear from the editor’s on the August 2016 issue of Risk Management published by the JRMS.