Description: This article compares the best estimates of the Investment Section members those who submitted entries for the 3-month Treasury bill rate, 30-year Treasury bond rate and the Dow Jones Industrial Average index value and year-end 1999 with the actuals.

Description: The Social Security System faces a funding crunch some 30 years in the future. Democrats and Republicans agree on the funding problem and that investing in the stock market can help fill the gap. But both views cannot be right.

Description: The euro, the single European currency, can significantly change the way the world does business and will have some important implications on the ability of the United States and its currency to dominate the world's political and financial system.

Description: Is the New CPI Different? The article discusses the changes made to the CPI, whether it is an accurate measure of inflation and the implications for pension plans.

Description: This article provides a summary of the content of the sessions at the recent The 2001 Bowles Symposium at Georgia State University. As the author notes, “The Coming Revolution in Insurance Accounting symposium” focused on the development and practical considerations of a new international accounting standard, generally referred to as fair value accounting.

Description: The author uses a generalized asset risk model to explore C1 risk, drawing heavily from investment theory and pension fund management, applying these to an insurance general account. This article has two parts the first part, contained in this issue of Risk and Reward, describes the basic C1 model itself. The second part, which will be published in the next issue of Risks and Rewards, discusses various implications of the basic C1 model, especially related to managing the company’s investment portfolio.

Description: The US life insurance industry is just beginning to talk about risk management best practices. This article discusses the practices that have evolved in other industries by those before.

Description: This article is an overview of the presentations made at the Advanced Risk Management Seminar. Some topics were 1 the importance of enterprise risk management 2 how policyholder behavior affects the risks of GMBD riders and 3 credit risk.

Description: This articles describes the multi-pillar system of 1 pay as you go and 2 individual capital accounts to fund public pension plans which exists in Eastern Europe and Central Asia.

Description: The second of three articles exploring the new technology offered by Santa Fe, New Mexico-based Assuratech, Inc. Describes the development of the applied complex adaptive systems technology behind Assuratech’s highly sophisticated program that uses simulation and data mining techniques for accurate, reliable versatile risk modeling.