Description: The mismatch between how interest rate impacts the value of assets and liabilities could have material negative impact to companies’ earnings and surplus. To quantify and mitigate the impact of such mismatches, companies have used matching a combination of duration and convexity. I will review these measurement techniques and their limitations.

Description: To inform and educate stakeholders for health plans and insurers on novel ways to optimize reinsurance structures to meet capital related goals and boost RBC and liquidity ratios. In lieu of traditional market-based financial instruments involving equity and/or debt, a quota share transaction can be used with potentially far more attractive terms and achieving essentially the same result.

Description: A brief introduction to sustainability reporting for actuaries with no previous familiarity with it. The article focuses on UK insurance companies and gives a short overview of the reporting journey that UK insurance companies have been on, with the hope of smoothing the journey for others. The article briefly describes the development and adoption of the framework for sustainability reporting, and discusses some of the practical points and challenges encountered.

Description: Six pointers about career advancement for actuaries, based on real life experiences from my 47 year career.

Description: A summary for the book club discussion on Ideal Team Player.

Description: The article provides an overview of the federal tax treatment of long-term care insurance contracts, including a brief history of the tax treatment of long-term care insurance, the requirements that must be satisfied in order to be treated as qualified long-term care insurance under the Internal Revenue Code, and a brief discussion of qualified long-term care combination products and chronic and terminal illness accelerated death benefits offered under life insurance contracts.