Description: Highlights of Society of Actuaries research efforts in the financial services practice area.

Description: This article delves into the challenges and opportunities of the Asian insurance market, focusing on insurance investment management.

Description: The author describes immunization with a simple illustration requiring only high school algebra rather than the ordinary and stochastic calculus that has been applied to this subject. It illustrates that if you have three invesmtents with different durations, we can take some combination of any two of them to get the same duration as the third.

Description: This article explains how duration matching as an asset/liability management tool is insufficient and can lead to a suboptimal asset mix.

Description: Brief summary of how asset/liability management for life insurance companies has evolved over the last decade.

Description: Discussion about recent ALM and Benchmarking survey conducted by strategic consulting firm Patpatia & Associates.

Description: This article announces the release of a handbook written by the DFCA Task Force for assisting actuaries who are doing Dynamic Financial Condition Analysis.

Description: A discussion of some criticisms of the feasibility of companies converting to GAAP, in addition to pros and cons of the GAAP system.

Description: The article explores the use of economic capital modeling to deliver value to clients by improving the financial security of many individual lives around the world in a cost-effective way.

Description: Discusses the problem with options that insurers have been dealing with for some years, not the options of various sorts that recently have been coming into use as portfolio-management tools. Recommends better asset/liability matching and other courses of action.