Description: Securitization of mortgage pools was one of the great financial innovations of modern times. Collateralized mortgage obligations (CMO), which took this innovation one step further, are a classic example of what we understand today by the term "financial engineering." Together, these instruments brought liquidity to the real estate mortgage market by attracting new sources of funding for real estate loans. From The Actuary Magazine October 2007

Description: Table of contents

Description: This article introduces the reader to probabilistic methods used to model interactions in the financial market place. Three topics are specifically discussed, two concern modeling methods and the other concerns data analysis methods.

Description: This article is an interview with ‘pioneer’ Nooruddin [Rudy] S. Karsan, FSA, one of the co–founders of Kenexa® Corp., a leading end–to–end provider of software, proprietary content, services and process outsourcing, that enable organizations to more effectively recruit and retain employees. The company was founded in 1987 and started with two employees. Today Kenexa has 1,600 employees. Karsan discusses his life and entrepreneurial career. He enjoys managing and building businesses, and the challenging opportunities, but that's just one part of his life the other is focusing on serving humanity—the two basic words, he says, that define Kenexa. From ‘The Actuary Magazine’ Volume 5 Issue 4.

Description: The second part of a roundtable discussion on principals-based approach [PBA] and the life insurance industry, in this part discussing mortality experience studies. The first part appeared in the August/September 2008 issue of The Actuary.

Description: Column wrapping up the Pioneers interviews and highlighting past interviews.

Description: In 2006, the actuarial profession embarked on a campaign to promote itself. The marketing efforts are directed at potential employers of actuaries, particularly in broader financial services and other industries. The goal is to publicize what actuaries can contribute in these sectors through exploiting the opportunity in risk.

Description: Article discussing the benefits of the Chartered Enterprise Risk Analyst, CERA, credential.

Description: An article about the benefits of the SOA’s newest designation, CERA, and how to obtain it.

Description: This article from The Actuary discusses limited-scope reviews of issues, that are becoming increasingly frequent due to tightening budgets and lower resource availability. It primarily focuses on a flawed quick solution by the FASB/IASB to cash balance pension plan accounting.