Description: Discussion of private letter tax rulings on the definition of Cash Surrender Value for purposes of interpreting the definition of life insurance for the policyholder's taxation of the contracts.

Description: Message from the Chairperson by Gregory R. Childs from The Stepping Stone Newsletter, April 1999, Issue No. 1.

Description: Message from the Chairperson by Gregory R. Childs from The Stepping Stone Newsletter, November 1999, Issue No. 2.

Description: The author explores the nature of risk in the actuarial profession and suggests that all of us actuaries in the world are connected by this common bond.

Description: This article is about the critical role of actuaries in IT projects.

Description: This is the abstract for the paper on applying the cost of capital method to extrapolate an implied volitility surface.

Description: Many insurers preparing market consistent financial statements encounter the issue of developing volatility assumptions for equity options and guarantees that are longer than any observable market data. This presentation develops a generalization of the classical Black Scholes option pricing model that is consistent with the European CRO Forum's framework for valuing non-hedgeable risk. The presentation argues that, with reasonable parameter choices, the model fits observed volatility surfaces well enough that it can be used to estimate implied volatilities where no market data exists.

Description: Statistics show that the risk of fatality associated with motorcycle crashes far exceeds that of automobiles hereby Connecticut introduced mandatory motorcycle safety training. This paper develops a unifying framework to quantify the effectiveness of such mandatory programs and to translate this in terms of a possible insurance rate reduction.

Description: Presented at August 2011 46th Actuarial Research Conference. Discussion of research in progress which examines and validates the use of PRIDIT as a hospital quality measure. PRIDIT is an unsupervised learning technique developed as a fraud detection method.

Description: Excerpt from '10 Tips for Effective Business Communications' by Tina L. Miller. provides fundamental suggestions for communicating effectively in writing.