Description: This article discusses the sources of the information in the Social Security Death Master File and the potential utility of this information for demographic studies of centenarians and near-centenarians.

Description: Presented at Living to 100 and Beyond symposium 2002. Discussion of two papers, 'Approaches and Experiences in Projecting Mortality Patterns for the Oldest Old' by Buettner and 'Using Dynamic Reliability in Estimating Mortality at Advanced Ages' by Lin. The first paper discusses the UN methodology for projecting mortality above age 80 and presents another approach for addressing the problem of table closing. The second paper suggests a new statistical model for fitting and estimation of mortality rates at advanced ages.

Description: This paper provides the actuary with a brief overview of the subject, along with references for those interested in conducting their own review. It surveys current research, reviews what has been learned so far, and looks at future possibilities.

Description: Discussion of paper presented at Living to 100 symposium January 2002. This is the reply to the discussion of author's paper.

Description: Presented at Living to 100 symposium, January 2002. This is a report of a study in which the Cox proportional hazard model, a widely used survival analysis tool, was applied to profiling the mortality of an insured advanced-age population. The data was derived from 14 US insurers. This data represents policies issued between 01/01/1997 and 12/31/2000 to policyholders of age 60 or older. The major study results include measures of mortality, variations by selected risk factors, estimated mortality experience of the underlying population, and a comparison of mortality experience estimated by direct calculation, the Society of Actuaries’ SOA 1990-95 mortality study, and our extended Cox modeling technique.

Description: This paper builds a model that quantifies the natural hedging benefits of a portfolio of both variable annuities and equity indexed annuities. The model is based on risk-neutral option pricing theory and risk-adjusted performance measure, RAPM. Through a double-tier simulation framework, an optimum product mixture of those two contracts is achieved that provides the best RAPM and therefore deploys capital the most efficiently. From 2006 Enterprise Risk Management Symposium, M-AS06-1.

Description: This paper identifies some of the special ERM considerations that a corporation which has employees who are members of a multi-employer pension plan, MEPP, should include in its ERM program. The focus of the paper is on the MEPP as an entity and tools to be used in its ERM. From 2006 Enterprise Risk Management Symposium, M-AS06-1.

Description: This paper proposes a general definition for economic capital, EC, that can be applied to various types of insurance products in a consistent manner. The paper also illustrates how to calculate risk-adjusted performance measurement, RAPM, by using a fair value framework. From 2006 Enterprise Risk Management Symposium, M-AS06-1.

Description: This paper suggests that risk is too complex to quantify with a single number, and offers a two-dimensional risk measure while introducing the concept of 'iso-risk' curves. From 2006 Enterprise Risk Management Symposium, M-AS06-1.

Description: Transcript of the Q&A period from session 3B. Session focused on Women's longevity issues and Chronic Disability Measurement and cost.