Description: These are the appendices to the research report entitled Longevity Risk Quantification and Management.

Description: The Joint Risk Management Section is trying to develop better estimates of policyholder behavior in the tail [PBITT]. The mission of the PBITT working group is to examine and ultimately give guidance to actuaries on how to set policyholder assumptions in extreme scenarios. As part of its work, the PBITT working group issued its sixth survey to gather the range of assumptions actuaries use in pricing, reserving, and risk management of minimum guarantees on Variable Annuity products, such as death benefits, income benefits, withdrawal benefits and maturity benefits. This document contains the results of that survey.

Description: This report describes and demonstrates a method to understand reputational risk that an insurance company can apply to the unique circumstances of the insurance firm. This method applies a policy-capturing survey with scenario analysis to generate insight into reputational risk from the perspective of a variety of stakeholders. Also included is instruction for spreadsheet-based query and reporting to facilitate the use of the information in the risk management function.

Description: Various studies suggest that the baby boomers have not saved sufficiently to provide for their retirement (e.g., CIA 2007). It is anticipated that the baby boomers will have to liquidate some or all of their assets to supplement their retirement income. This paper estimates the likely size of the asset liquidation and estimates the impact that an asset liquidation of such magnitude may have on asset prices.

Description: This report explains the role of a risk appetite framework in effective risk management and how it can be used to make more informed strategic decisions.

Description: Sample policy lapse rate calculation.

Description: To help the next generations to retire with financial security, financial services companies, employers, and financial advisors must do more. There are two paths to doing more: providing programs that work without individuals making choices on their own, and providing more education and encouragement. This paper is an attempt to move these efforts forward by presenting ideas for what consumers, employers, financial professionals, financial services companies, and government should do to help deal with the ongoing retirement challenges.

Description: Paper by Max Rudolph for the SOA on historical views on systemic risk and its applications.

Description: This report presents the results of a telephone study among Americans aged 45 to 80.

Description: Data call soliciting information on Credit Risk Study Loss Experience Study: Private Placement bonds and credit risk events for 2003-2010.