Description: A Post Retirement Needs and Risks presentation originally given to a local actuarial club, but is suitable for a wide variety of venues.

Description: Review the Application for Committee on Knowledge Extension Research (CKER) Actuarial Research Conference (ARC) Travel Grants

Description: This paper uses arbitrage principles to show that equating expected costs unfairly lowers risk-adjusted costs for early generations and raises them for later generations. The use of expected rather than risk-adjusted returns on risky assets leads to sub-optimal decision making in re asset allocations, wage/pension negotiations, granting of valuable options (skim funds), and costly financing strategies such as Pension Obligation Bonds.

Description: Prepared for the Society of Actuaries by STATLAB at the University of Western Ontario, this report contains the results of a cash flow testing, ‘CFT,’ software survey performed in 2004. The results were based on the responses of 110 life insurance companies in the U.S. and Canada. The goal of the survey was to produce a report that will serve as a reference for comparing the available CFT packages and lead to better software and modeling techniques. CFT refers to analysis which is used to support both the Asset Adequacy Analysis for the Actuarial Opinion for U.S. companies, and the ALM Provision for Adverse Deviations in applying the Canadian Asset Liability Method to determine reserves for Canadian companies.

Description: This report examines mortality and other actuarial assumptions for products sold at older ages.