Description: Is Risk/Return a sound tool for decision-making? No. It is not consistent, not objective, distorts decision and degrades governance. Why? What shall we do then?

Description: Article Description * An update on developments and activities of the Smaller Insurance Company Section, including webinars, research, and an international strategy.

Description: This is an article about group long-term care insurance.

Description: Chairperson's update on the Long-Term Care Insurance Section with a focus on the progress made since the Think Tank meeting held in October and the addition of Rhonda Ahrens to coordinate outreach to regulatory members.

Description: The appropriate role for actuaries when advising on long-term investment strategies for individual retirement savings.

Description: Article suggests future steps with regard to this project and provides information on where to get the essays.

Description: Target volatility, as an investment strategy, has been used by many funds not only as a way to smooth return but also as a way to manage risks of the VA guarantees. Contrary to existing research which favors volatility targeting over fixed allocation, this article shows that because of the existence of market jump risk, target volatility strategy does not necessarily offer an improved risk profile for VA writers. Further, target volatility coupled with leveraging can significantly increase tail risk for insurance companies.

Description: Read the July 2016 issue of Product Matters!

Description: An overview of reinsurance training class provided to the Bermuda Monetary Authority (Authority) and Central Bank of Trinidad and Tobago (Central Bank) covering all aspects of reinsurance. Article also provides an overview of initiatives that the two regulators (Authority and Central Bank) are involved with.

Description: This article offers a big picture of PRNR research, and provides brief summaries of research on risks, decisions, financial wellness, advice, and software.