Description: In this translation of an original article by Oscar E. Velandia, the role of the actuary in the Colombian insurance market place in light of regulatory change is examined. A comparison with the rules from the Solvency II Directive puts the actuarial function into context. In addition, the new financial reporting requirements set forth by IFRS 17 and the involvement of the actuary in finance is described.

Description: India is in the process of updating to a more risk-based capital framework. The article provides a high level introduction of the development and discusses some of the key design and implementation considerations.

Description: Overview of the 21st Annual Caribbean Actuarial Association (CAA) Conference and the CAA's involvement in regional policy, practice and academics.

Description: There are three parts to this article: 1. An overview of the demographics and method of supply of LTC 2. A review of the ongoing debate on the role of public funding, and 3. A summary of the insurance industry’s response

Description: A discussion of pension reform in China at the time of the July 1997 introduction of a new unified pension system.

Description: The first objective is to highlight the key trends and projections that describe the magnitude and scope of the aging world in the 21st century. The second is to identify some of the key issues that countries in the developed and developing world will have to face as a consequence of population aging. The third objective is to emphasize the triumph and opportunities of an aging world, providing a counterpoint to the prevailing notion that the aging of societies is a catastrophe, leading only to undue burden on future generations.

Description: Review of changes made to life insurance taxation in Australia.