Description: Provides an overview of India's insurance market and the important role of the actuary.

Description: Editors discuss the articles in this issue.

Description: Update on issues, priorities and key messages from the Joint CAS / CIA / SOA Risk Management Section Council.

Description: Describes how the mantra of 'tax cuts will pay for themselves" along with the political unwillingness to cut spending (extant since the 1980s), has led to this increasing debt problem in the U.S., reaching $17 trillion at time of writing. Other countries are behaving in a similar fashion, and it can be only a matter of time before the globe may reach another crisis, this time based on excessive government debt coupled with fewer interested investors.

Description: Provides summary of qualitative factors in the current fiscal, economic and political environment that could lead to higher inflation.

Description: A defense of the CLASS Act from the perspective of the private long term care insurance industry.

Description: A discussion of issues and developments that threaten the collective confidence of the LTC insurance industry, including job cutting, changes in reporting requirements, and compliance audits.

Description: veteran insurance producer, who specializes in LTC planning and insurance, discusses a range of issues from his perspective, as well as HNW clients, their financial advisers and a prominent actuary. The author describes his approach to solution development using the products currently available. He also provides excerpts of his conversation with Doug Burkle, ASA, MAAA regarding industry trends.

Description: There is much to be learned as we balance the consumer’s need for LTC now and in the future along with the insurer’s need for sustainability.

Description: The impact of bond default risk on retirement benefit obligations describes how the probability default on a bond is similar to the probability of death for an annuitant. Bonds are used to cash flow match retirement obligations cash flows to funding from bond. Just as the probability of non-payment happens on the liability side, we can do the same with selected bonds. The end result may be an adjustment to the discount rates used.