Description: This article looks at EVA calculation, its various issues and how it can be used to better manage a company. From Society of Actuaries Financial Reporting Monograph, M-AS99-1.

Description: This research illustrates many things we may learn from other actuaries around the world in designing a valuation framework, things we can do as well as things we want to avoid. From Society of Actuaries Financial Reporting Monograph, M-AS99-1.

Description: This paper was intended to give a broad overview of the international M&A process and the role of the actuary in it. There is, however, no cookbook approach, as the dynamics of each transaction are unique. It is important for buyers and sellers alike to get the best advice possible to conclude a successful transaction. From Actuarial Considerations in Insurance Mergers and Acquisitions, M-FI03-1.

Description: The purpose of this paper is to present to the actuarial profession a stochastic investment model which can be used for simulations extending for many years ahead. Discussed in the paper are the general reasons for choosing the style of model, the general model and how to use it, the assumptions and the sensitivity of model to the assumptions made and the possible applications in the investment and actuarial fields.

Description: This paper describes methods for determining bounds on the price of derivative instruments, such as option on insurance futures, given only market information. From Securitization of Insurance Risk: The 1995 Bowles Symposium, M-FI97-1.

Description: Chapter 1 sets out the basic contention of this monograph that the reforms to the Canadian C/QPP represent primarily a cutting back of benefits and a partial privatization of Canada's retirement income security system. From Economic Security for an Aging Canadian Population, M-RS99-2.

Description: Chapter 6 examines the freezing of the Year's Basic Exemption YBE at $3500. While this reform seems small and is subtle, the importance of this change is discussed in detail. It is shown that this change saves the system little money but threatens the progressivity of the retirement income benefit within C/QPP. From Economic Security for an Aging Canadian Population, M-RS99-2.

Description: This study addresses some aspects of the financial impact on women under the Social Security benefits reform or redistribution.

Description: Experts' discussion of symposium papers. From Retirement Needs Framework, M-RS00-1.

Description: This paper examines actuarial pension models and the methodologies those models offer, and introduces a new liability concept that eliminates certain inconsistencies that exist in the models. From Current Pension Actuarial Practice in Light of Financial Economics Symposium, M-RS04-1.