Description: The purpose of paper is to outline and illustrate some of the more important differences among the current US and Canadian regulatory capital regimes and the standard formula of the Solvency II framework using a hypothetical term-life insurance portfolio as an example.

Description: Regime switching models have become a popular tool in econometric time series modeling since their introduction in Hamilton [1989].These models have been widely applied for equity-returns for investment guarantees. A prominent risk management challenge is hedging these guarantees, given the equity regime switching process. This presentation develops some methodologies for regime-switching portfolio replication and use real world data to demonstrate and evaluate their effects. A Bayesian approach for regime switching model fitting is used, which allows for the examination of the robustness of each of the optimization methods when parameter uncertainty is present.

Description: This is an abstract article about equity release mechanisms by Siu Hang Li, Mary Hardy and Ken Seng Tan. ARCH 2008, Issue 1.

Description: This study note focuses on actuarial applications and loss distributions for insurance products.

Description: This paper reports on a detailed statistical analysis of mortality improvement for the Canadian population and for the Canadian insured lives. It considers mortality improvement in the context of life insurance -as opposed to annuities - where any allowance for improvement represents a less prudent approach than assuming current mortality rates continue.

Description: This is the abstract on the paper on regime-switching portfolio replication.

Description: Formal report of the Accreditation Implementation Task Force to the Board of Directors at its June 2005 meeting. This document contains general objectives of the task force, membership and structure information, and the group's strategic plan for implementing an accreditation program for actuarial science academic programs.

Description: This is the abstract for the paper on static hedging strategies for guarnateen minimum income benefits.

Description: This article discusses the problems created by the options in unit-linked annuities in the UK, variable annuities in the US and segregated fund contracts in Canada. Methodology for valuing the guaranteed annuity option is presented.

Description: Author advocates reconsidering the 2005 education syllabus to include the study of modern finance in the syllabus for all actuarial students, not just those specializing in finance, investments, or risk management.