Description: This is an editorial about change as is relates to product design, financial services, direct mail and related topics. From News Direct, September 2005, Issue No. 51.

Description: A paper entitled “A Regime-Switching Model of Long-Term Stock Returns” appears in the April 2001 issue of the North American Actuarial Journal. In it, Dr. Mary Hardy describes a model for future equity returns and some reasons why that model might better reflect real equity price movements than the often-used lognormal model. The purpose of this article is to apply a two-regime model to variable annnuity GMDB pricing and compare the results to those from a lognormal model.

Description: The 5th Annual Product Development Actuary Symposium welcomed more than 200 participants to the Westin O’Hare in Rosemont, Illinois June 29-30 for an intensive day-and-a-half seminar. The program was once again co-sponsored by the Product Development Section, Reinsurance Section, Actuary of the Future Section and the Marketing and Distribution (formerly Nontraditional Marketing) Section. From News Direct, September 2005, Issue No. 51.

Description: This report describes the results of a survey on reflecting risk in pricing. The survey expands on one conducted in 2003 and was expanded to include life, health, P&C, and non-North American insurance companies.

Description: This article discusses the stability in income provided by reinsurance and the associated cost.

Description: Full version of Product Matters! June 2007, Issue No. 68.

Description: Chairman’s corner addressing the many recent external events which have impacted the level of trust in the insurance industry and how this affects product and marketing success for the industry.

Description: Full version of Product Matters! October 2007, Issue No. 69.

Description: Full version of International Section News, March 2002, Issue No. 27.

Description: Successful healthcare reform: First, it must help that must keep healthy people healthy. Second, it must help people mitigate or eliminate the health-risks associated with unhealthy lifestyle behavior choices, and Third, it must ensure the provision of evidence-based care to those who are ill.