Description: Read the February 2020 issue of Predictive Analytics and Futurism published by the Predictive Analytics and Futurism Section. Newsletter provide practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: Read the February 2020 issue of Long-Term Care News published by the Long-Term Care Section. Newsletters provide practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: The article provides an update on the 2019 ERM Symposium with regard to date, location and content (General Sessions and Concurrent Sessions).

Description: A feature article discussing how ZIP codes can affect longevity.

Description: A critical step in valuing a company for the purpose of financial reporting is the computation of the market value of economic surplus (MVES). This article provides a novel approach to the valuation of MVES that is stable and reasonably immune to “market noise.” Current approaches to the calculation of economic surplus of an insurance company generally define such surplus as the market value of the assets (MVA) supporting the liabilities less the market value of liabilities (MVL). While MVA is observable in the market, MVL is typically computed directly, without regard to the underlying supporting assets. Subtracting MVL from any value of assets that changes with market movements results in an unstable surplus. Consequently, a surplus that is not fully reflective of market sentiment has been rejected by many. This same approach is further used in the calculation of market consistent embedded value (MCEV) when a balance sheet approach is used .

Description: One of the most fundamental concepts in actuarial practice is the time value of money. For any work in which future cash flows are allowed for, such as reserving or pricing, it is natural to discount to present values so that an appropriate amount of money can be set aside today, allowing for future investment returns. This article discusses yield curve extrapolation methods along with the benefits and drawbacks of these methods.

Description: Future Farmers of America was the dream of a suburban boy in Wisconsin. John Clay loved the idea of driving tractors, working with equipment, and taking care of the land. Life took him in the direction to become an elementary school teacher, and he was able to combine his passions for education and farming by providing a lawn service that went well beyond your basic lawn care. This article shares a heart-warming story of how a gracious individual can positively affect a community

Description: This article is an update, as of September 2019, on projects in process and those recently completed.

Description: Distribution’s Bird’s-Eye View of the Life Combo Marketplace

Description: Read the Q&A with an Experienced Insurance Professional New to Long-Term Care: An Interview with Sean Pena.