Description: The article summarizes three papers presented at the 2014 Living to 100 Symposium V, which was hosted by the SOA in Orlando in January 2014. The papers take three different views of retirement saving: the individual's, the insurance provider's and a wholesale risk management view. David Blanchett of Morningstar proposes a new model to assess the true cost of retirement, Moshe Milevsky proposes a new product concept based on the nearly forgotten tontine and Johnny Li proposes a new set of mortality indices based on the Cairns-Blake-Dowd projection model for the purpose of actively managing mortality and longevity risk.

Description: interview with Mr. Fauzi Arfan (FA), President of the Society of Actuaries of Indonesia or Persatuan Aktuaris Indonesia to enhance the understanding of the PAI.

Description: A preview of the latest issue, with articles covering reverse mortgages, the challenges of long-term care policy in France, and the impact of obesity and diabetes on LTC disability and mortality.

Description: A discussion of Universal Life products with shadow accounts including a summary of some of the key communications and administration issues

Description: E-courses available from the Society of Actuaries.

Description: Review of The Improbability Principle: Why Coincidences, Miracles, and Rare Events Happen Every Day, by prominent statistician David J. Hand.

Description: Over the last decade, the actuarial career has gained significant attention of entry level job-seekers as it continues to be one of the consistently top rated jobs in the market. There are different avenues to break into the profession, but one of the most common is through an Actuarial Student Program, where a company formally supports the exam progress of individuals through paid study materials, exam fees, and time off to study. Most programs also include an emphasis on development of leadership and communication skills. As the recruiter for MassMutual’s Actuarial Student Program, I get the opportunity to regularly share with candidates why I believe a student program is such a powerful springboard for a successful actuarial career. Profiled in the article is two actuarial students and one recent actuarial student program “graduate” to highlight the value a student program can bring to one’s professional development.

Description: Brief description of articles contained in the newsletter.

Description: Graydon educates us on Guernsey, a country with the most actuaries per Capita, and why he thinks Guernsey is a paradise for actuaries.

Description: Introduction of recent section activities and content of the current issue.