Description: The first objective is to highlight the key trends and projections that describe the magnitude and scope of the aging world in the 21st century. The second is to identify some of the key issues that countries in the developed and developing world will have to face as a consequence of population aging. The third objective is to emphasize the triumph and opportunities of an aging world, providing a counterpoint to the prevailing notion that the aging of societies is a catastrophe, leading only to undue burden on future generations.

Description: This article offers an overview of the Indian insurance industry, highlighting its structure, growth, outlook for actuaries, and ambitious goals for achieving universal insurance coverage in India.

Description: In this article, the authors discuss the Experience Study Working Group surveys of published embedded value EV financial assumptions they have been conducting.

Description: In this article, the author discusses the insurance system in Bhutan.

Description: Notes on the IAA meeting that took place in D.C. in May

Description: Review of the sessions sponsored by the International Section at the 2018 Annual Meeting.

Description: The International Section Council is pleased to announce the winners of the Country Feature Award held for the Ambassadors by the section. First place went to the Ambassador in Vietnam.

Description: Deferred bonus policyholder dividend reserves arise because “the policyholders’ share of net income … that cannot be distributed to stockholders shall be excluded from stockholders’ equity” by establishing a reserve. This article provides background on local minimum policyholder participation practices in the US and Europe, presents relevant accounting issues and discuss the two different accounting interpretations and make a recommendation as to which the authors feel is most appropriate at this point in time.

Description: This newsletter contains several articles: The Institute of Actuaries of Japan thanks the SOA Malaysia updates on RBC An update on the SOA international experience survey regulations changing in Bermuda, and An update from the Swedish Actuarial Society Aktuarieforeningen.

Description: This is an article discussing the update on the SOA international experience study which has expanded the topics being studied from individual life insurance mortality and persistency experience to also include agent retention and productivity.