Description: Essay suggesting to fix the tax code, reform healthcare regulations, open the industry to competition and reform malpractice litigation.

Description: In this essay, we focus on the “Prospective Solvency Assessment” aspect of the NAIC’s ORSA. This places a spotlight on an insurer’s strategic decision making from a risk and capital management perspective. It requires those in senior management to describe actions they would take to address possible adverse changes in their risk and solvency position, i.e., what they would do to reduce risk, increase capital, and/or adjust the business strategy. We contend that by applying a slightly broader scope than the specific requirements of the NAIC’s ORSA, insurers can develop this into a valuable process to support risk-based decision making. In this essay, we initially consider how to determine which metrics to include in such a process and then discuss some important business requirements and practical challenges for implementing a calculation approach to support it. Part of the essay collection "Risk Metrics for Decision Making and ORSA"

Description: Details of a donation to the SOA library that consists of books from the library of the first American actuary, Charles Gill.

Description: Introductory column written for each issue, expressing the views of the Section's Chairperson

Description: this article talks about the activities of the section

Description: This article discusses the results of the elections for the SOA Product Development Section Council and introduces the individuals that will be new members of the council for 2014.

Description: Update on recent and in-process activities of the SOA Board of Directors

Description: The editorial reflects on the opportunities for professional and personal development involved in being a contributing editor for The Actuary.

Description: An open letter to the Taxation Section of the Society of Actuaries from the newsletter editor, Kristin Norberg.