Description: The article talks about market consistent pricing, how risk neutral pricing and real world pricing are not fundamentally different if used appropriately. And using that knowledge, a rather new concept called the risk-adjusted real world pricing, which is a method where a mixture of risk neutral and real world pricing to achieve a holistic view on pricing, will be introduced.

Description: A discussion of the hidden costs of bringing innovative products to market, including the costs of expertise gaps and opportunity costs

Description: In this article, the authors give their overview of sessions that they attended at the June 2012 Life and Annuity Symposium. The sessions discussed are Life Insurance Illustration Regulation (15 years later), Advanced Mortality Topics, and Life and Annuity Product Development Strategies in the Wake of Low Interest Rates.

Description: This article delves into a new line of statistical thinking of the author, that may be useful for product development actuaries. The key concept is how product design can produce products that diversify quickly, meaning that the company can be confident of a profitable product line, based on fewer sales than might be true for other designs.

Description: The first part of this article illustrates why long duration recurring premium products are particularly risky using the concept of fragility. The second part explores some ideas for antifragile products, which would enable the industry to benefit from the new banking requirements.