Description: A checklist for treaty preparations and review of a standard life Reinsurance Agreement. This document covers the purpose of each provision, the common elements, common variations and problems that may arise.

Description: Contains two separate articles, called notes. The first note, “A note on correlation in mean variance portfolio theory,” is an elementary discussion of how negative correlation coefficients can be, given any set of N random variables. The second note, “Two essential formulas in actuarial science and financial mathematics,” gives a more or less self-contained introduction to Jensen’s inequality and to another formula, which the author decided to call the “survival function expectation formula.”

Description: The Investment Section is hosting a member’s only contest on asset allocation. The results will be reported each week.

Description: This paper will provide demonstrations of the following three statements: That the calculation of principles-based reserves should ignore federal income taxes That the currently required statutory deferred tax calculation would need to be changed to permit an appropriate deferred tax asset to accompany such reserve so that the result can be correctly principles-based on a post-tax basis That the Tax DAC, pursuant to Section 848 of the Internal Revenue Code, is effectively a negative tax reserve.

Description: The author has gathered a variety of resources, general theories, and specific practices concerning spreadsheet errors and their avoidance.

Description: In developing the economic assumptions for use in an appraisal, a team approach must be used. The investment bankers, external actuaries, and the company's financial area research current and historic economic conditions to develop an internally consistent base scenario. To be successful all parties must be comfortable with this scenario and its implications on production, investment yields, and, ultimately, distributable earnings. From Actuarial Considerations in Insurance Mergers and Acquisitions, M-FI03-1.

Description: One of the primary goals of the actuarial appraisal is to provide enough information for potential investors to make informed judgments as to the potential value of a property. From Actuarial Considerations in Insurance Mergers and Acquisitions, M-FI03-1.

Description: Summarizes the Section's sponsored 2011 Annual Meeting sessions: business meeting, receptions and 3 programs - 'IFRS: The Future of Accounting for Insurance and its Implications', 'Where Enterprise Risk Management Meets Capital Management' and 'Managing Longevity and Mortality Risks and their Global Activities', plus some non-technical sessions on successful retirement.

Description: For policies with and without the resotoration of benefits feature, compares incurred claims and statutory ALR for various benefit periods.

Description: First article in a series that walks through the progression from developing LTC assumptions using traditional methods to doing so using predictive analytics.