Description: Author discusses the treatment of current life insurance reserves under the tax code in determining a life insurer's taxable income, and what challenges are ahead in the era of principles-based reserves.

Description: Discussion of the US Social security system from the perspective of Asset Liability management theory. From Asset-Liability Integration, M-FI02-1.

Description: This paper takes the position that a retirement plan should not be evaluated differently than other financial arrangements, and, therefore, its value should be measured through a utility function. The paper then suggests a method of incorporating utility theory into the retirement plan design model. From Current Pension Actuarial Practice in Light of Financial Economics Symposium, M-RS04-1.

Description: Investment Fallacies: The Fallacy of Independence

Description: Investment Fallacies: A real-world approach to Value at Risk

Description: This article contains a summary of some of the presentations given at the October 2012 SOA Annual Meeting. This article does not cover all sessions that are related to product development, but shares observations that have been made by various members of the SOA Product Development Section Council.

Description: A high level review of IRR methodology, common issues in calculation, and IRR applications in insurance.

Description: This article deeply examines Pay-for-performance and presents curious findings through the lens of unwarranted variation. From Heath Watch Newsletter, May 2006, Issue No. 52.

Description: Discusses the fourth Colloquium organised by the Pensions, Benefits and Social Security Section of the International Actuarial Association 'IAA'. The future of pension regulation and the key lessons to be learned from the financial crisis were covered at the event.

Description: New Zealand is about to launch its first variable annuity with guaranteed lifetime withdrawal benefits. The product design is mindful of the lessons from the financial crisis in the United States, Europe and Japan.