Description: This report describes a stochastic simulation approach used to estimate the amount of a level-payment annuity payable as long as the person is alive and living in his/her house. A discussion of the paper follows. From Transactions of Society of Actuaries 1991, Vol. 43.

Description: The author explains his negative opinion about the requirement to value collateralized mortgage obligations [CMO] using the New York Seven interest rate scenarios.

Description: The author explores and argues against the “evolution of thinking” and the position that actuarial thinking is a blend of all three modes of thinking, as discussed by Dave Ingram in the February/March 2012 issue of The Actuary.

Description: A framework to measure and evaluate the risk-adjusted investment performance given the characteristics of the insurance liability.

Description: This article lists potential problems as a result of the elimination of Thirty-Year Treasury Auction Issue. Some problems mentioned are 1 discounting pension liabilities, 2 bond market 3 swap curve and 4 liquidity.

Description: The Society of Actuaries’ Committee on Finance Research and Joint Risk Management Section Research Committee are pleased to make available a research report developing a framework for quantifying and analyzing various forms of contractual designs.