Description: Discussion of the development of the Russian insurance industry and market opportunities

Description: Discussion of Ley 100/Law 100 in Colombia, which was ratified in 1993 and linked the government pension plan with a government-sponsored and controlled yet, privatized health plan.

Description: Hubert Mueller describes why unit-linked products are increasingly popular in Europe and provides his outlook for continued growth.

Description: Describes highlights of Egyptian insurance market.

Description: The new regulations issued on October 19, 2004 by the Ministry of Finance, the regulatory body of insurance in Vietnam, have wide-ranging implications on the Vietnamese life insurance market and are presenting big changes for practicing actuaries.

Description: A discussion of substantial surpluses accumulated in defined benefit funds in South Africa and the legislation that resulted.

Description: This paper uses a mortality surge model to estimate the total financial impact on the U.S. insurance industry of a flu pandemic. It does not attempt to determine the probability of such a pandemic.

Description: Response to Life Insurance 2020 Foresight – A Call for Essays. An essay stating the author’s vision for the future of the life insurance sector. Focus is on the long term guarantee embedded in the basic life insurance contract to pay the death benefit.

Description: Response to Life Insurance 2020 Foresight – A Call for Essays. An essay stating the author’s vision for the future of the life insurance sector.

Description: This monograph was presented at the 2011 Enterprise Risk Management Symposium, held March 14-16 in Chicago. The author, writing from a property-liability insurance perspective, notes that capital allocation is a theoretical exercise because all of a firm’s capital could be depleted to cover a significant loss arising from any one segment. However, firms do need to allocate capital for pricing, risk management and performance evaluation. In this paper, the cost of capital in financial markets is incorporated into the Ruhm-Mango-Kreps algorithm to yield one allocation that reflects the true cost of capital an insurer would face. Table only.