Description: In September 2005, the AICPA issued SOP 05-1, Accounting by Insurance Enterprises for Deferred Acquisition Costs in Connection with Modifications or Exchanges of Insurance Contracts. The SOP provides accounting guidance for DAC on internal replacements of insurance and investment contracts other than those specifically mentioned in FAS 97. Article discusses implementation issues.

Description: Feature article about the transitioning of life insurance products to RBC C3 Phase III.

Description: Feature article discussing quantitative impact studies, QIS5, on Solvency II.

Description: Feature article discussing what it means to be market-consistent and whether or not insurance products can be priced and valued in a market-consistent fashion. This article addresses the limits to market consistency by questioning whether there in fact can be a market-consistent level annual premium for a term life insurance contract.

Description: A pension actuary and a life actuary collaborate to express public pension liability and asset issues in terms and figures that an insurer would use

Description: This article provides an introduction to MEPS and where to find data files. From Health Watch, September 2006, Issue No. 53.

Description: Interview discusses developing forecasting models to predict the financial impact of disruptive events and new medical technologies. Issue No. 60

Description: This article is intended to present a high-level review of a recently concluded research project (Mehmud & Yi, 2012) with the same title.

Description: Stuart Klugman provides a preliminary education update as it pertains to Exams P/1, FM/2, and MLC.

Description: This article explores strategies for optimizing actuarial models built on open system platforms. It begins by contrasting open and closed system modeling environments, emphasizing that users of open systems must take responsibility for in-house runtime optimization. The authors underscore the critical role that efficient, well-optimized models play in supporting a high-performing modeling team. To reinforce the techniques discussed, the article includes a case study focused on disability insurance modeling to offer practical insights.