Description: The management of the investments of an insurance enterprise has undergone a considerable evolution since the pioneering work of Redington in the mid 20th century. Best practices have evolved to incorporate ever more complex insurance liabilities, expanding investment asset classes and global market opportunities. Strategic asset allocation (SAA), liability driven investing, and other robust optimization approaches form the core of the professional management of insurance company investments.

Description: Demographers have typically viewed mortality trends from historical and cross-national perspectives, looking at commonalities in the evolution of mortality. In general, with improving economic conditions mortality has tended to decline and life expectancies to rise. The epidemiological transition from a mortality pattern dominated by infectious diseases to one in which more endogenous causes of death predominate is a central theme.

Description: A discussion of pension reform in China at the time of the July 1997 introduction of a new unified pension system.

Description: The author provides highlights from a March 2012 seminar on longevity risk sponsored by the Actuarial Society of New York (ASNY).

Description: This abstract describes a paper that introduces spatio-temporal models and methods for analysis with specific emphasis on quantities of interest in actuarial science. Generalized additive mixed models are used for the analysis of geographic and temporal variability of mortality rates.

Description: Discusses various historical and projected future rates of mortality improvement, with a focus on older ages, and more.

Description: Identifying and submitting all appropriate ICD-9 diagnosis codes to CMS will result in a higher risk score for the member and increased payments to Medicare Advantage plans. Milliman's HCC prevalence study illustrates the significant variations in HCC prevalence rates by age/gender, geography, and population type and will assist plans in benchmarking the effectiveness of their own diagnosis code capture efforts.

Description: In this article, author Anna Rappaport discusses highlights and wake-up calls from the December, 2009 Annual Retirement Security Symposium.

Description: Living beyond ones life expectancy poses many challenges. Among them are financial issues. Though there are products and strategies available that retirees could use to mitigate this financial risk they are seldom used. Reasons range from high cost, lack of awareness of the available options, and general underestimation of longevity risk. This paper poses the question as to whether the federal government can provide a solution to this potential problem in a fair and cost efficient manner. Ideas are presented as well as a discussion of the pros and cons of such a program concept.