Description: This is the abstract for the paper on the application of Esscher transform to the Regime Switching Model.

Description: A detailed statistical analysis of mortality improvement for the Canadian population and for the Canadian insured lives conducted by the Institute for Quantitative Finance and Insurance.

Description: This paper examines the following three questions by reviewing literature that identifies and evaluates the tradeoffs among annuitization and self-managed drawdown strategies: 1. How DO Retirees Draw Down their Financial Savings? 2. How COULD Retirees Draw Down their Financial Savings? 3. How SHOULD Retirees Draw Down their Financial Savings?

Description: In this paper, the authors assess the value of a GSA-type annuity within a retiree's portfolio.

Description: This abstract describes a presentation that gives examples of more successful and less successful communications from the author’s research experience in actuarial risk management.

Description: This 2005 presentation from the 40th Actuarial Research Conference is about equilibrium pricing models and valuations related to hybrid pension plans.

Description: This abstract describes a presentation that compares the fee obtained to the one deducted throughout the contract.

Description: This note is provided as an accompaniment to 'Actuarial Mathematics for Life Contingent Risks' [AMLCR] by Dickson, Hardy and Waters [2009, Cambridge University Press]. AMLCR includes almost all of the material required to meet the learning objectives developed by the SOA for exam MLC for implementation in 2012. This note aims to provide the additional material required to meet the learning objectives in full. This note is designed to be read in conjunction with AMLCR, and it references section and equation numbers from that text. It is expected that this material will be integrated with the text formally in a second edition.

Description: In this paper, the authors have analyzed the Cash Balance pension and contributions using the methods and principles of financial economics, to give a market consistent evaluation of the costs of the CB liability.

Description: The main elements of the current US, Canadian and proposed Solvency II regulatory capital regimes for property and casualty insurance companies are compared in this paper.