Description: 2007 retirement risk survey from the SOA

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.

Description: This report presents the results of the work undertaken in response to the SIPF’s request. The premise of this work is that there is a need for a concise but still comprehensive and focused report on the financial health and prospects of state and municipal plans to give stakeholders the overview they need to come to informed opinions about the need for changes to the structure of these plans. The report needs to strike a balance between narrative and quantitative indicators of a plan’s financial health.

Description: Policy brief from a discussion paper for the RFF workshop “Improving Disaster Financing: Evaluating Policy Interventions in Disaster Insurance Markets”.

Description: This report compares and contrasts methodologies for allocating U.S. historical gender-specific mortality improvement experience into four components.

Description: This report documents modeling work and compares the decomposition results from the two routes described in Volume 1.

Description: The Society of Actuaries and Financial Finesse are creating a series of briefs focused on retirement literacy issues.

Description: This report examines the impact on risk scores in risk adjustment models when there are timing differences for model updates and risk factor mappings.