Description: In insurance companies and pension plans currency risk arises when a company has future obligations in one currency and investments in another currency. The question that is often asked is whether this currency risk should hedged or not.

Description: Update on a contest being held by the Investment Section.

Description: Crossword puzzle for the February 2020 issue of Risks & Rewards.

Description: This article discusses the possibility of high inflation down the road. The high levels of debt incurred due to the COVID-19 pandemic will be difficult for many countries to support. Central bank activity is "standing in the gap" but this is not necessarily the optimal solution. Inflation can also become an issue due to contagion coming from less financially stable countries, resulting a crisis of confidence, driving up interest rates.

Description: This article suggests ways for small insurance companies to obtain modeling information on more intricate assets, such as collateralized mortgage obligations [CMO], at a low cost.

Description: The author explains his negative opinion about the requirement to value collateralized mortgage obligations [CMO] using the New York Seven interest rate scenarios.

Description: This articles notes that there are fewer small insurance companies. It discusses how the impact of mergers and acquisitions and new regulations affect the declining number of small insurance companies.

Description: This article describes the increasing problems in the product filing and forms approval process under state regulation. It also describes the conclusions and product filing uniformity vision that includes the formation of CARFRA which stands for Coordinated Advertising, Rate and Form Review Authority.

Description: This article discusses the history of the small life insurance policies in light of the current NAIC investigation into the treatment of small face value life insurance policies.

Description: Legislation introduced in Florida senate to ban sale of Industrial Life and greatly restrict sales of other Small Face Amount Policies, SFAPs.