Description: In insurance companies and pension plans currency risk arises when a company has future obligations in one currency and investments in another currency. The question that is often asked is whether this currency risk should hedged or not.

Description: This report examines weather conditions for high temperature, drought conditions, and late in the year tornadoes that are extreme in an historical context.

Description: Essay discussing cost, quality and access of healthcare and then describes the need for rationing.

Description: Chapter 3 of the Price, Waterhouse study contains an extensive collection of descriptive tables. From Study of Public Financial Guarantee Programs, M-FI96-2.

Description: Chapter 5 of the Price, Waterhouse study presents an extensive collection of tables attempting to capture the size, risk, age, and objectives of the examined programs in an understandable, comparative format. From Study of Public Financial Guarantee Programs, M-FI96-2.

Description: Foreword to monograph presenting results of a Price, Waterhouse study on behalf of SOA. From Study of Public Financial Guarantee Programs, M-FI96-2.

Description: Microinsurance mechanisms provide coverage to low income earners, but a growing middle class is often lacking adequate access to insurance services. The author explores ways in which insurance may be more accessible.

Description: This article is the second installment in a three-part series on economic scenario generators (“ESGs”). Part I was published in the November 2019 issue. Part II addresses critical considerations in selecting, building, using, and validating ESGs. The article discusses key criteria in understanding ESGs including: - Risk factors - Scenario type - Process and parameterization - Calibration - Number of scenarios - Timing considerations

Description: The primary purpose of this paper is to demonstrate, through a basic stochastic projection model, how inflation might impact savings and investing for retirement.

Description: The SOA Research Institute’s Aging and Retirement Strategic Research Program and Canadian Institute of Actuaries are pleased to make available the first of two reports that look at Benefit at Risk (BaR) in lifetime pension pools.