Description: Full version of Risk Management, November 2004, Issue No. 3.

Description: This note is provided as an accompaniment to 'Actuarial Mathematics for Life Contingent Risks' [AMLCR] by Dickson, Hardy and Waters [2009, Cambridge University Press]. AMLCR includes almost all of the material required to meet the learning objectives developed by the SOA for exam MLC for implementation in 2012. This note aims to provide the additional material required to meet the learning objectives in full. This note is designed to be read in conjunction with AMLCR, and it references section and equation numbers from that text. It is expected that this material will be integrated with the text formally in a second edition.

Description: This 2005 presentation from the 40th Actuarial Research Conference is about equilibrium pricing models and valuations related to hybrid pension plans.

Description: This abstract describes a presentation that compares the fee obtained to the one deducted throughout the contract.

Description: The main elements of the current US, Canadian and proposed Solvency II regulatory capital regimes for property and casualty insurance companies are compared in this paper.

Description: In this paper, the authors have analyzed the Cash Balance pension and contributions using the methods and principles of financial economics, to give a market consistent evaluation of the costs of the CB liability.

Description: The complete Expanding Horizons newsletter for May 2002.

Description: From the 41st ARC: a presentation focusing on risk management of a pension plan whose benefit is the greater of a defined benefit DB and a defined contribution DC plan. Hedging strategies are derived and illustrated, recognizing that the DB guarantee is like an option.

Description: The purpose of paper is to outline and illustrate some of the more important differences among the current US and Canadian regulatory capital regimes and the standard formula of the Solvency II framework using a hypothetical term-life insurance portfolio as an example.

Description: Regime switching models have become a popular tool in econometric time series modeling since their introduction in Hamilton [1989].These models have been widely applied for equity-returns for investment guarantees. A prominent risk management challenge is hedging these guarantees, given the equity regime switching process. This presentation develops some methodologies for regime-switching portfolio replication and use real world data to demonstrate and evaluate their effects. A Bayesian approach for regime switching model fitting is used, which allows for the examination of the robustness of each of the optimization methods when parameter uncertainty is present.