Description: International Section Newsletter, April 2005, Issue No. 35. This article pertains to offshore pension plans and their role in global pension plans. It discusses the rationale for setting up an off-shore pension plan, determining a location, benefit design, required funding, establishment and operation and trusteeship and administration

Description: Discusses the shrinkage of pension benefits in Britain and the mortality and interest rate risk in British pension plans.

Description: The standard for measuring retirement income adequacy has been the final earnings replacement rate (usually targeted at 70%). But - does it work?

Description: For establishing the ongoing adequacy of claim reserves for blocks of long-term care insurance, retro testing is a blunt tool, the results of which are not conclusive. Claim reserve retro tests should be reviewed by claim duration, include the impact of interest consistently, and include updated assumptions that can have an impact on claim termination rates or other factors. The new NAIC LTC Experience Reporting Forms estimated to arrive for reporting year 2008 will help modernize LTCI retro tests, providing additional accuracy and standardization. Actuaries should not wait for these forms, but rather ensure that any claim reserve analysis moves beyond a basic calendar year retro test.

Description: Pitfalls with long-term care experience studies and tips for dealing with them.

Description: Second article in a series on how to use predictive analytics to improve the development of long-term care projection assumptions.

Description: European insurance regulation pretends to capture and rely on the 1-year 1-in-200 VaR. But there cannot exist any scientific calibration of such measure. Why?

Description: Read the December 2017 issue of Risk Management published by the Joint Risk Management Section. Newsletters provide practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: This article holistically places ratemaking into its proper risk context and connects the diverse operations that have impact on ratemaking as well.