Description: A recent Society of Actuaries study calculates safety and stability for current Long Term Care Insurance premiums.

Description: Update of RSC members, planned activities for 2018, retirement 20/20 for public sector plans.

Description: Financial institutions have and continue to suffer substantial financial losses because of their exposures to various operational risks and insufficient risk management. Quantifying operational risk is a critical component of an institution’s ability to manage risk. The model described in the article provides a numerical measure for operational risks existing in a business entity through statistical methods. It takes experience data to reflect both the general features and company specifics of the defined operational risks, while also allowing for managerial discretion. An important achievement is to suggest a level of capital to hold against potential losses arising from operational risks.

Description: The article explores impact of resetting cap vs static cap choice for the GLWB rider for a Fixed Index Annuity for a Point to Point. Moreover, analysis of a Monthly Sum Cap is provided showing impacts of particular choices of market models (e.g. Black, Heston, Bates) used to price this deal.

Description: Hear from the editor’s on the December 2018 issue of Risk Management published by the JRMS.

Description: Other articles that will be of interest to readers.

Description: Why small insurance companies should act now to enhance their reporting and analytical capabilities -How to start -Critical factors of success

Description: This article defines microinsurance, describes its recent emergence and explains the main challenges faced by commercial insurers in serving the low-income market.