Description: This editorial notes how change is constant in the world around us and that the SOA has adopted a theme of change. Articles in this issue of The Actuary, which are all related to change, are summarized.

Description: This article examines the dynamic environment of the health care system in the United States and the challenges facing the health actuary.

Description: This article was written in June 2008, prior to the financial crisis in the fall of 2008. It discusses the very complicated new world of financial insturments and derivatives and the risks that there may be in light of no strong capital requirements, no control on leverage and the high derivative volume.

Description: This article provides questions and answers about the Society of Actuaries Continuing Professional Development 'CPD' Requirement Exposure Draft.

Description: Other Post Employment Benefits OPEB deals with the promise of providing coverage for post employment non-pension benefits such as health care and life insurance. This article focuses on the recent implementation of GASB No. 43 and 45 which requires public entities to value and recognize the liability of post employment non-pension benefits.

Description: This article explains the change in reinsurance in Brazil to an open market and why Rio de Janeiro should be the center of Brazil's reinsurance market. Prior to January 2008, all reinsurance was through the IRB, The Brazilian Reinsurance Institute founded in 1939 and jointly owned by the insurance companies that are licensed to do business in Brazil and by the Government of Brazil.

Description: Map of MA Regions Receiving Bids for Regional PPO Products

Description: This graph indicates the overall historical trend in life expectancy by gender at birth.

Description: Shows the average historical and estimated annual mortality improvement by age grouping for the three countries, both in terms of long averages and the ultimate level assumed.

Description: Detailed information about a Measurement Framework to evaluate existing designs and to illustrate how certain designs do or do not meet the fundamentals and where tradeoffs lie.