Description: There has been a growing demand for crop insurance in third world countries to combat poverty among farmers. Farmers in these countries could greatly improve crop yields if they had access to higher quality inputs, such as seeds and fertilizers. However, in order to buy these higher quality inputs the farmers need to obtain loans from microfinance institutions. These institutions are reluctant to extend loans to farmers due to the risk of loan default resulting from crop failure. With increasing abnormal weather patterns due to climate change, the concern for crop failure is on the rise and the need for such insurance is becoming more significant. Motivated by a non-governmental organization’s unsuccessful attempt to buy a crop insurance product for the farmers they serve, this paper proposes a design for rainfall indexed crop insurance for maize farmers in Kakamega, a western region of Kenya.

Description: This abstract describes a paper that deals with linear pricing rules and risk measures and introduces two kinds of compatibility between prices and risks.

Description: This presentation discussed the Copula Methodology, which is the most popular methodology in multivariate modeling in finance and insurance. The definition, advantages, limitations, and uses of the Copula Methodology were presented. Some other multivariate models were discussed as well. From Actuarial Research Clearing House, 2012, Vol. 1.

Description: This presentation discusses a process for determining the minimum reinsurance retention level consistent with defined parameters. The conclusions reached were: 1. Under PDS dependence, optimal reinsurance strategy is multivariate stop loss form. 2. Explicit solutions could be derived in certain bivariate model. 3. Binding and unbinding constraints are equivalent. From Actuarial Research Clearing House, 2012, Vol. 1.

Description: This is a presentation on computing tight bounds for insurance payments with nonlinear risk. Semi-definite Programming is defined, some examples are presented, and non-linear applications are presented. From Actuarial Research Clearing House, 2012, Vol.1.

Description: This 2008 supplement addresses the issues that have arisen in life insurance tax laws related to IRC 7702 and 7702A since the book was published in 2004. It also enhances and clarifies issues that were addressed in the text, adding detail and further discussion.

Description: These are presentation slides to supplement, Mortality Under Standard Individuality Life Insurance Between 1999–2002 Anniversaries from ARCH, January 2006.

Description: This is a presentation of the results of the referenced mortality study, and it is the latest in continuing annual reports on intercompany mortality experience under standard individually underwritten life insurance.

Description: This report presents the results of the continuing study of termination experience relative to Group Long-Term Disability Insurance. The purpose of the study is to both publish an experience analysis and to create a usable experience table that could evolve into a new valuation table. Tables in a separate document.

Description: This report presents the results of the Survey on the Business Decision practices of direct companies conducted by the Society of Actuaries Committee on Life Insurance Mortality and Underwriting Surveys. A survey of reinsurers is reported separately.