Description: Explores the open vs. closed systems debate with regards to actuarial modeling and exposes the over-simplification. Valuable for anyone who uses models.

Description: Results of survey, conducted recently by the Taxation Section of the Society of Actuaries, on how federal income tax is reflected in the projection work being performed.

Description: This paper describes the use of the Moses software package to model variable annuities with multiple guarantees. Pricing and risk management are discussed.

Description: This article describes methods for addressing technical challenges related to modeling asset cash flows for PBR reserve projections.

Description: The article explores impact of resetting cap vs static cap choice for the GLWB rider for a Fixed Index Annuity for a Point to Point. Moreover, analysis of a Monthly Sum Cap is provided showing impacts of particular choices of market models (e.g. Black, Heston, Bates) used to price this deal.

Description: The article describes the key components of actuarial model, leading practices in designing them, and characteristics of well-built models.

Description: This presentation estimates several models of interest rates, including seven without and four with regime shifts.

Description: Argues that the financial and statistical data on loan restructuring practices collected within the last two years, since the 2008 collapse of the housing market, could be evaluated by actuaries and become a base for improving the existing models and developing new ones.