Description: Full version of Risk Management, July 2006, Issue No. 8.

Description: Article from Risk Management Newsletter, July 2006, Issue 8 announces the SunGard/IAFE Financial Engineer of the Year for 2005. This award acknowledges Dr. Boyle’s lifetime contributions and accomplishments in the field of financial engineering. Not only is Dr. Boyle a financial engineer and a professor at the University of Waterloo, he is also an actuary— FIA, FCIA, Hon. FSAI. While Dr. Boyle is best known for pioneering the Monte Carlo methods in quantitative finance, he has also made significant contributions in other areas including actuarial science and insurance.

Description: This is an abstract article about equity release mechanisms by Siu Hang Li, Mary Hardy and Ken Seng Tan. ARCH 2008, Issue 1.

Description: This is the abstract on the paper on optimal reinsurance retentions under joint survivorship of both insurer and reinsurer.

Description: It is well-known that reinsurance can be an effective risk management technique for an insurer. An appropriate use of reinsurance reduces the adverse risk exposure of an insurer and improves the overall viability of the underlying business. The use of reinsurance, on the other hand, incurs additional cost to the insurer in the form of reinsurance premium. This implies that an insurer is faced with a classic tradeoff between risk spreading and risk retaining. The thrust of my research is to propose some reinsurance designs that are optimal from the perspective of an insurer. This presentation describes an empirical approach to optimal reinsurance designs. This new method has the advantage that it does not need to make any explicit assumptions on the distribution of the underling risk. More importantly, it provides a simple and yet practical way of obtaining solution on a wide range of optimal reinsurance models.

Description: This paper reports on a detailed statistical analysis of mortality improvement for the Canadian population and for the Canadian insured lives. It considers mortality improvement in the context of life insurance -as opposed to annuities - where any allowance for improvement represents a less prudent approach than assuming current mortality rates continue.