Description: One of the most fundamental concepts in actuarial practice is the time value of money. For any work in which future cash flows are allowed for, such as reserving or pricing, it is natural to discount to present values so that an appropriate amount of money can be set aside today, allowing for future investment returns. This article discusses yield curve extrapolation methods along with the benefits and drawbacks of these methods.

Description: The August/September 2013 edition of The Actuary magazine—the Society of Actuaries’ flagship publication.

Description: The latest installment in a series that applies Buddhist principles to actuarial practice. This particular installment focuses on the author's recent experience in recovering from serious injury, the lessons from Buddhism learned during that process, and the parallels of healing to the challenges actuaries face when businesses or processes are "broken".

Description: The authors discuss best practices in building, retaining, and growing diverse actuarial teams and evidence that points to the benefits to companies of doing so.

Description: The editor of HealthWatch addresses the readership on actuarial best practices and purpose of ASOPs. Issue No 60

Description: Thank you to the contributors and those who helped. Brief description of the articles in the issue.

Description: Product development is variously described as a science, an art, or a philosophy. Six Sigma suffers from the same ambiguity—it is a statistical measure, a business philosophy, a process, a methodology, and a way of living! But by combining the two, we are able to apply structure to creativity and enable product success

Description: Overview of a recent visit to silicon valley and how the learnings from this trip can be applied in an insurance setting.

Description: This article covers the importance of a system peer review within the systems change control process and offers suggestions for creating more robust controls.

Description: The article summarizes two of the highest rated sessions sponsored by the Reinsurance Section during the 2013 SOA Annual Meeting in San Diego.