Description: The editorial explores the reasons for the current low interest rates and introduces the February/March 2016 issue of The Actuary in which experts offer strategies on how to cope with the complex issues facing insurance companies and investment actuaries.

Description: Article Society Seminars by Adams in The Actuary, February 1979, Volume 13, Number 2

Description: In recent years there has been an increasing interest in the practical application of immunization theory to North American Funds. There is a lack of literature on this subject and this article is written to give a clear and concise description of the theory, and of its role in the framing of investment policy.

Description: The purpose of the article is to summarize the results and conclusions of the C-1 Risk Task Force Report prepared for the Committee on Valuation and Related Areas. A key question: Is the risk to insurance companies of defaults on junk bonds sufficient to justify increasing required surplus levels?