Description: Discusses the market, demographic, and macroeconomic factors that affect actuaries' choices for the assumptions they use in the pricing and valuation of many insurance products.

Description: Financial illiteracy has been identified as a major obstacle to effective retirement planning for Americans. Anna Rappaport’s article provides actuaries with helpful ideas about ways to make the public more aware of the increasing need for financial literacy and some of the resources currently available to help individuals.

Description: In insurance companies and pension plans currency risk arises when a company has future obligations in one currency and investments in another currency. The question that is often asked is whether this currency risk should hedged or not.