Description: Discussion of private letter tax rulings on the definition of Cash Surrender Value for purposes of interpreting the definition of life insurance for the policyholder's taxation of the contracts.

Description: This article is about the critical role of actuaries in IT projects.

Description: Full version of International Section News, March 2006, Issue No. 38.

Description: Many insurers preparing market consistent financial statements encounter the issue of developing volatility assumptions for equity options and guarantees that are longer than any observable market data. This presentation develops a generalization of the classical Black Scholes option pricing model that is consistent with the European CRO Forum's framework for valuing non-hedgeable risk. The presentation argues that, with reasonable parameter choices, the model fits observed volatility surfaces well enough that it can be used to estimate implied volatilities where no market data exists.

Description: This report presents the results of a 2005 telephone study among Americans ages 45 to 80. The purpose of the study was to evaluate Americans' awareness of potential financial risks, how this awareness impacts the management of their finances with respect to retirement and how Americans are managing the process of leaving the workforce.

Description: This article describes the development of the uninsured pensioner, UP-94 Mortality Table, including a comparison with other tables and description of projection methodologies using Projection Scale AA.

Description: Full version of Taxing Times, May 2006, Volume 2, Issue No. 1.

Description: Full version of Taxing Times, May 2007, Volume 3, Issue No. 2.

Description: Excerpt from '10 Tips for Effective Business Communications' by Tina L. Miller. provides fundamental suggestions for communicating effectively in writing.

Description: The abstract for the paper A New Risk Metric for Defined Benefit Pension Plans.