Description: Discusses the influences that foreign economies have on the U.S. economy and the risks that those influences create for the U.S. life insurance industry.

Description: The paper presents the history of mortgage guarantee insurance in the US, beginning briefly with the history of banks and banking regulation and ending with implications for the future.

Description: One component of this project is to model the impact of population structure on returns across asset classes. Previous research suggests that an overlapping generations (OLG) model is an appropriate modeling approach. This literature review has been prepared to provide background information regarding OLG models and the diversity and complexity that may be introduced into such models. This review has been prepared to provide a fuller discussion of some of the characteristics that may be especially relevant in our decision-making regarding the model we will build.

Description: After a very challenging year, actuaries need to look back and consider the lessons learned. Have we returned to where we were, or have we moved on to a new norm? What does the COVID-19 pandemic market data tell us that will help us to prepare for future global crises?

Description: Discussant comments for the 2009 Housing Wealth monograph paper, “History of Mortgage Finance With an Emphasis on Mortgage Insurance.” The paper presents the history of mortgage guarantee insurance in the US beginning briefly with the history of banks and banking regulation and ending with implications for the future. The discussant finds the paper clearly written and that it would make a useful reference based on a reading of a preliminary draft.

Description: Examines the link between population structure and asset values by generating returns on assets in the presence of demographic change using an OLG Model.

Description: Delinquency rates are closely related to the economic conditions and can be analyzed using measures of economic growth and stability. In an attempt to predict the delinquency rate for the health care equipment financial industry, we investigated the relationship between delinquency rate and key macroeconomic variables for the period from 1998 to 2008. The study reveals that the tightening credit standards and unemployment rate are the key macroeconomic indicators influencing the delinquency rate. The analysis further helps in arriving at a trigger to monitor the delinquency rate based on the macroeconomic indicators, thus enabling proactive portfolio management. Presented at 2010 Enterprise Risk Management Symposium, Society of Actuaries, April 12-15, 2010.

Description: The purpose of this document is to provide information regarding the specifications of the model to be produced in connection with the project, Population Aging, Implications for Asset Values, and Impact for Pension Plans: An International Study. The authors are seeking input from actuaries and others interested in this work.