Description: In this article, the author discusses the capital shortfall an insurer faces because of the longevity risk on immediate annuities.

Description: ERM in the Brazilian market

Description: In this article, the author talks about how China’s insurance industry is entering a transitional period characterized by greater focus on risk management and governance.

Description: Letter From The President column for the October/November 2012 edition of The Actuary magazine discussing the importance of actuaries staying relevant in today’s and the future’s work force.

Description: Presented at September 1994 Valuation Actuary Symposium. Discusses analyzing and projecting financial risk in group health plans.

Description: From a session at the 2000 Valuation Actuary Symposium held in Washington DC, September 14-15, 2000 Panelists use recent transactions and examples to demonstrate various operational, financial reporting and strategic aspects of insurance company mergers.

Description: Panelists discuss the importance of credit-worthiness to the customer of an insurance company, a brief history and description of the Standard & Poor's and Moody's rating systems, the efforts an insurance company goes through in obtaining ratings by outside agencies, the efforts required to maintain the ratings, and the importance of the ratings to the insurance company. From the 1987 Record of Society of Actuaries Vol. 13, No. 3.

Description: This session is about financial rating systems: The processes, performance, improvement, and the role and impact of risk-based capital requirements.

Description: Baseline and what-if/stressed projections of cash flows, financial statements and capital requirements are critical inputs to a range of business purposes, including forecasts, risk management, liquidity management, strategic decision making, etc. Forward looking projections have historically been inefficient and performed in silos making it difficult to scale the process as CFOs and CROs ask for more. In this session we discuss challenges of the forecast process and opportunities to meet desired future capabilities. We will also discuss “what-if” analysis and ways to support production of forward looking projections for “what-if” analysis in an efficient way.

Description: The academy generator is widely applied in actuarial practice. Initially confined to regulatory reserving, companies are increasingly using the AAA/SOA generator over an ever widening range of applications testing the limits of the academy generator's intended function. The session will give a brief overview of the academy generator and the asset classes it can be used to model. It will also analyze the statistical properties of the academy scenarios and discuss the scenarios relative to standard validation criterion. Some of the challenges that actuaries face in using this framework will be reviewed and options for addressing these challenges will be offered.