Description: Presentation from the 41st Actuarial Research Conference held in August, 2006 in Montreal. This presentation extends the traditional Sparre Anderson model of ruin theory, using an Erlang distribution for inter-claim times and geometric Brownial motion for asset returns.

Description: Presented at August 2011 46th Actuarial Research Conference. Develops the Multi-threshold Compound Poisson surplus process with interest which is useful for pricing. Then develops the Gerber-Shiu function for MAP processes featuring interest which allow claims to be factored in. Finally develops closed-form solutions of the absolute ruin probability for Erlang IAT and exponential claims.

Description: This paper provides illustrative examples of using a Paid Claims Projection model to estimate claim reserves for products in the runoff and a Cash Flow Testing model to determine longevity and profitability of existing products.

Description: The Committee on Post Retirement Needs and Risks produces research to benefit both actuaries and other retirement specialists. This document provides a summary of key research recently published by the Committee.

Description: SOA Workshop-Art of Reserving overview table listing.

Description: The class involves a combination of presentations, class participation, in-class exercises and structured hands-on work with the MA BPT in small workgroups. Prior to this course, participants are expected to spend 3 to 10 hours preparing, depending on prior experience level.

Description: This presents the results of a May 2010 survey by the Society of Actuaries SOA asking members of the SOA Health Section for their opinions on ways to bend the cost curve in light of the Patient Protection and Affordable Care Act ACA, the new health reform law passed in March 2010.

Description: As the Valuation Manual continues to evolve and PBR standards for additional products are drafted and incorporated, it will become increasingly important for companies to understand how the requirements are consistent across products, as well as how they differ. The presenters will scan the life (VM-20) and annuity (VM-21, VM-22) PBR standards across the Valuation Manual to compare and contrast key requirements. Attendees will learn where common methods and techniques can be used across products and platforms.

Description: While intended to assist health plan actuaries responsible for stress testing and ORSA filings, this session will also be informative for actuaries interested in communicating the impact of potential catastrophic events for health plans to their management and board. It will begin with a discussion of event thresholds for stress tests and their impact on capital and financial statements. Presenters will take a detailed look at several catastrophic event case studies (historical and hypothetical) in the following areas: healthcare specific (e.g. pandemic, specialty Rx), financial institution/credit market, operational/business, strategic and multi-event scenarios.</