Description: The author discusses how sustainable enterprise risk management (SERM) is valuable for insurance companies and how actuaries can contribute to its development.

Description: The author explores the issue of longevity risk with its implications for life insurers and society at large, and concludes that the actuarial profession is in a unique position to understand longevity risk and offer solutions.

Description: The author, outgoing chairperson of the Entrepreneurial Actuaries Section, ‘EAS,’ relays thanks to various individuals who have helped advance the goals of the section, and describes a request to the SOA, submitted by the EAS to develop a separate website for finding actuaries. “This would not be an extension of the SOA Directory which allows actuaries to find actuaries but a website for public access to actuaries who would register as independent entrepreneurs, small business and larger consulting firms.”

Description: This paper explores a proposed compulsory savings program combined with transparent investment vehicles designed to promote competition based on expense levels, fund performance and customer service. At retirement 50% of the account is annuitized in Participating Variable Annuity (PVA) backed by TIPS. All investment experience, expenses, and pooled longevity experience is passed to annuitants through periodic benefit adjustments. Annuities are priced uniformly based on age at commencement.

Description: This article is based on a report titled Public Misconceptions About Retirement Security, which is a project of the Committee on Post-Retirement Needs and Risks and jointly sponsored by LIMRA International, the Society of Actuaries and Mathew Greenwald & Associates. The report is found on the post-retirement needs and risks page, which is located here.

Description: The 2008 global financial crisis highlighted the costs of supporting systemically important financial institutions (SIFIs) as well as the linkages both between institutions as well as across countries. The G 20 tasked the Financial Stability Board (FSB) along with international regulatory associations such as the Basel Committee on Banking Supervision (BCBS), International Association of Insurance Supervisors (IAIS) and the International Organisation of Securities Commissions (IOSCO) to evolve frameworks for supervision of such SIFIs.

Description: The results of new research on the current state and future opportunity of the retirement market in China.

Description: The chairperson reports on Health Section activities: papers by the joint workgroups with the AAA's Health Practice Council to inform the public and congressional staff, papers on capital requirements under proposed health care reform and on proposed taxing of Cadillac plans, new research on IBNR reserving methods and on measuring the quality and efficiency of health care delivery systems.