Description: By necessity, attributions of financial processes require approximations. Tools used for approximations include Aumann-Shapley, time step, step-through, average step-through, partial derivative, and average partial derivative. Significantly non-linear paths can cause problems during attribution. Time (theta) and market factors must be handled concurrently. Typically contractual factors can be handled separately. Average Step-Through, Aumann-Shapley and Aumann-Shapley-3 points perform the best given the same time period. Attribution should be done with fairly small time steps as opposed to using a lot of points in the Aumann-Shapley calculation, but using Aumann-Shapley-3 points as a last step has some advantages.

Description: The article summarizes a session on asset validation; the featured speakers were an investment manager, a company investment actuary, and a consultant.

Description: How companies with limited resources can put controls into place for their actuarial processes.

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: Discussion of how to measure actual to expected mortality experience in the life settlement market.

Description: The article is based on a range of industry insights, and provides readers with a broad overview of the emerging markets, industry trends, and challenges.

Description: Life reinsurance activity in Bermuda has experienced rapid growth in recent years. This article explores the key drivers of this growth.

Description: Hear from the editor’s on the August 2016 issue of Risk Management published by the JRMS.

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

Description: The article explores the possibility of using the emerging technology for life insurers to build a monitor system for better risk and profitability management.