the society of actuaries · 10. table of contents of actuarial journals / table des matières des...

10. Table of Contents of Actuarial Journals / Table des matières des revues actuarielles (disponible en anglais seulement)

IAA Bulletin AAI Nº 33 IV-2001

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UNITED STATES

SOCIETY OF ACTUARIES RECENT PUBLICATIONS Life Insurance Products and Finance Charting a Clear Course By David B. Atkinson, FSA and James W. Dallas, FSA The authors examine the fundamentals of life insurance in clear English suitable for actuaries and non-actuarial audiences. Using this text, a student new to life insurance could, with minimal professional guidance, begin making meaningful contributions to his company. For ease of study, there are end-of-chapter questions. The text contains an extensive glossary. ISBN 0-938959-67-0 $85.00 The First 50 Years: Society of Actuaries 1949–1999 By Richard Greb This book tells how actuaries, as members of a very small and little-understood profession, banded together to probe, analyze, discuss, debate and then agree to launch initiatives that would bring the Society of Actuaries to the point it is today – the largest actuarial organization in the world. Through the timeline of events of the past 50 years, the book demonstrates how actuaries, as individuals, dedicated themselves to the public good – to help their companies fulfill the promises made through insurance policies, retirement plans, Social Security and other social programs, employee benefits, investments -- all the financial security programs that touch every person’s life. Along the way, the profession – as a group and as individuals – defined and redefined “what is an actuary?” with intelligence and good humor, as the workplace and the world shifted and changed the environment in which actuaries practiced. More than a history book or even a reference book on the development of the Society of Actuaries, The First 50 Years brings to life many of the events that influenced financial security around the world. With many photographs and historically notable documents, the book drew from the archives of the Society of Actuaries research library and from members and their companies. Most important, through the 26 past presidents and other leaders interviewed for the book, it drew from the recollections of the people who were there when SOA history was being made. 01-53-0401 ($75.00)



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Financial Economics Edited by Harry H. Panjer The Actuarial Foundation is pleased to present this textbook on financial economics, the result of a partnership with Lincoln National Corp. and a 10-member team of distinguished authors. The Foundation is confident that this book will support the work of actuaries into the next millennium. This book covers many aspects of actuarial economics in the context of discrete time, with a bridge to continuous time. It is aimed at actuaries, financial engineers, and others with comparable technical skills, and it focuses on a broad range of applications. Recognizing the interrelationship of all financial services and products, the authors provide applications in insurance and pensions in addition to the usual bond, stock, and options applications appearing in most books in this field. The authors have combined to produce a book that balances the need for a reasonably formal treatment of key concepts in financial economics with the desire to discuss applications of the concepts to financial management. The book can be the basis of a two-semester university course for students with little background in finance. Most of the key ideas in the book are introduced in the first two chapters at a nontechnical level. Subsequent chapters give expanded, more formal treatment of the topics. A technical appendix allows the reader to pick up any missing background. ($95.00) Financial Reporting Section Monograph Edited by Shirely Shao and S. Michael McLaughlin The Life Insurance Company Financial Reporting Section was formed in 1989. It was among the first of the special interest sections created by the Society of Actuaries to address the specific needs and interests of actuaries involved in financial reporting activities. The Society commemorates its 50th anniversary in 1999, coincident with the Section’s tenth anniversary. The Section has compiled this monograph to commemorate the occasion. Many articles were selected from the Financial Reporter Newsletter, and certain papers were selected from the Transactions of the Society of Actuaries or the North American Actuarial Journal. The articles and papers were selected because they reflect the interests of members of the Section and have demonstrated their value as references over a period of time. SOA Monograph M-AS99-1 ($20.00) Product Development Section Monograph Edited by Deborah K. Sloan and Larry N. Stern This year, as we celebrate the 50th anniversary of the Society of Actuaries, we reflect on the changes in the field of product development. Change continues to occur at an accelerating pace. Products that once had a lifetime of many years now become outdated within a few years. The



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process of developing products has become more and more sophisticated using the new technology. In looking back, the Product Development Section Council has selected a number of articles that reflect the forces of change in product development work. We feel these are but a sampling of the many contributions our members have made toward the development of our profession. Although some industry insiders say that all the significant product innovation have already been thought of and developed, and the future pace of product development will slow, we believe significant levels of product development will continue to occur, as demonstrated by the growth of alternative investment products and the changing demographics of our consumer during the past decade. SOA Monograph M-AS99-3 ($20.00) Investment Section Monograph Edited by Joseph H. Tan, and David X. Li The purpose of the Investment Section is to encourage and facilitate the professional development of its members through activities such as meetings, seminars, research studies, and publication of literature pertaining to the investment of insurance company and pension fund assets and of other institutional funds, the management and measurement of those assets in relation to the liabilities of these entities, and any other subjects relating to investments as may seem pertinent, advantageous, and beneficial to the members of the Section. As the Society of Actuaries celebrates its 50th anniversary the Section wishes to take a look back at the literature it has published. This monograph is a collection of the Sections most significant writings. SOA Monograph M-AS99-2 ($20.00)

UPCOMING PUBLICATIONS

Why Men Die Younger: Causes of Mortality Differences by Sex By Barbara Blatt Kalben

The causes of higher mortality for males than females are mysterious, but a new monograph from the Society of Actuaries presents research indicating both biological and behavioral causes. “Why Men Die Younger: Causes of Mortality Differences by Sex,” by Seattle actuary Barbara Blatt Kalben, is an exhaustive review of centuries of medical and demographic studies including statistical data going back to pre-history. It will be available from the Society of Actuaries in the summer of 2001. The monograph presents evidence suggesting the sex chromosomes and hormones, such as testosterone and estrogen, tend to increase longevity for females and decrease it for males. Risk taking behavior, especially cigarette smoking, also contributes to males dying at younger ages.



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“Many have concluded that the male is the weaker or frailer of the sexes,” Kalben says in what may be the most comprehensive study to date on the differences in mortality between males and females. Males have greater mortality at every age, even before birth. This is true regardless of race, nationality, profession, or income level, and in virtually every country. Evidence of greater male mortality exists since at least the 14th century.

NORTH AMERICAN ACTUARIAL JOURNAL Table of Contents, October 2000 through April 2001

North American Actuarial Journal Volume 4, Number 4, October 2000 Table of Contents Feature Articles Bridging the Gap Between ROE and IRR 1 Robert W. Beal Robust and Efficient Estimation of the Tail Index 12 of Single-Parameter Pareto Distribution Vytaras Brazauskas and Robert Serfling Including Homemakers in Social Security 28 Robert L. Brown, Robin Damm, and Ishmael Sharara Financial and Demographic Risks of a Portfolio of Life Insurance Policies 44 with Stochastic Interest Rates: Evaluation Methods and Applications Maria Giuseppina Bruno, Emanuela Camerini, and Alvaro Tomassetti Catastrophe Risk Bonds 56 Samuel H. Cox and Hal W. Pedersen Why Men Die Younger: Causes of Mortality Differences by Sex 83 Barbara Blatt Kalben Self-Annuitization and Ruin in Retirement 112 Moshe Arye Milevsky and Chris Robinson Use of a Markov Model to Estimate Long-Term Insured Lives’ 130 Mortality Risk Associated with BRCA1 and BRCA2 Gene Mutations Robert J. Pokorski and Ulrike Ohlmer Valuing Equity-Indexed Annuities 149 Serena Tiong



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North American Actuarial Journal Volume 5, Number 1, January 2001 Table of Contents SPECIAL ISSUE: RETIREMENT 2000: A MULTI-DISCIPLINARY SYMPOSIUM Preface Setting the Stage: An Overview of Retirement 2000 Issues 1 Anna M. Rappaport Feature Articles Impacts on Economic Security Programs of Rapidly 12 Shifting Demographics Robert L. Brown Impact of Replacing a Defined Benefit Pension with 32 a Define Contribution or a Cash Balance Plan Robert L. Clark and Fred W. Munzenmaier Optimal Annuitization Policies: Analysis of the Options 57 Moshe Arye Milevsky 401(k) Investment Decisions and Social Security Reform 70 Cori E. Uccello A Behavioral Model for Predicting Employee Contributions 80 to 401(k) Plans: Preliminary Results Jack L. VanDerhei and Craig Copeland Abridged Papers Making Federal Pension Policy Work 95 Jonathan Barry Forman Balancing Retirement Security with the Needs 104 of Frail Parents: Caregiving, Financial Transfers, and Work by Women at Midlife Richard W. Johnson and Anthony T. Lo Sasso Financing Gaps of Public Pension Schemes and Market Potential 109 or the Private Retirement Market Thomas Trauth Summaries of Papers Analysis of the Profiles of Mexican Companies with Respect 114 to Granting a Retirement Pension Plan Rosa MA. Farell Campa, Juan C. Padilla Aguilar, Jose Garcia Nuñez, and Mario Arriaga Parra



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Baby Boom to Baby Bust: Flexible Work Options for Older Workers 116 Dennis R. Coleman Retirement Pensions in Mexico: A Challenge for the 21st Century 118 Roberto Ham-Chande and José Luis Salas-Lizaur Trends in Social Security and Pension Policy—Implications for Women 119 Catherine Hill, Lois Shaw, and Heidi Hartmann The Evolution of Retirement: Results of the 1999 Retirement 121 Confidence Survey Pamela Ostuw, Bill Pierron and Paul Yakobowski Can the Stocks-for-Retirement Cycle Work? 123 Thornton Parker Retirement Trends and Patterns Among Older American Workers 125 Joseph F. Quinn Marketing Compulsory Pension Plans as a Service: Experience from Mexico 127 Tapen Sinha and Rebecca Benedict Public Versus Private Provision of Pensions 129 Larry Wilmore The 1999 Small Employer Retirement Survey: Building 131 a Better Mousetrap is Not Enough Paul Yakoboski, Pamela Ostuw, and Bill Pierron Discussions from the Symposium Discussion of the Papers by Thornton Parker; Roberto Ham-Chande 113 and José Luis Sala-Lizaur; and Larry Wilmore Joseph Applebaum Discussion of the Papers by Jack VanDerhei and Craig Copeland; 135 Rosa Farell Campa et al.; and Paul Yakoboski, Pamela Ostuw, and Bill Pierron Sharon Canner Discussion of the Paper by Catherine Hill, Lois B. Shaw, and Heidi Hartmann 137 Ron Gebhardtsbauer Discussion of the Papers by Robert L. Brown and Thomas Trauth 141 Sylvester J. Schieber



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Departments Discussions of Papers Already Published 144 “Social Security—Adequacy, Equity, and Progressiveness: A Review of Criteria Based on Experience in Canada and the United States” Discussion by Martin Lunnon and Aidan Smith “Hedging and Reserving for Single-Premium Segregated Fund Contract” Discussion by Martin le Roux “Measuring Foreign Exchange Risk in Insurance Transactions” Discussion by Hangsuck Lee “Calculating Funding Premiums for Universal Life Insurance” Discussion by Dennis Radliff “Pricing Dynamic Investment Fund Protection” Discussion by Ya-Chun Huang and Elias S. W. Shiu “Excess Mortality in Asia Associated with Cigarette Smoking” Discussion by Beda Chan Upcoming Conferences 159 Fifth Insurance: Mathematics and Economics Conference 36th Actuarial Research Conference North American Actuarial Journal Volume 5, Number 2, April 2001 Table of Contents Feature Articles A Macro-economic Indicator of Age at Retirement 1 Robert L. Brown, Robin Damm, and Ishmael Sharara Dynamic Financial Models of Life Insurers 11 Mark J. Browne, James M. Carson, and Robert E. Hoyt Analysis of Incremental Returns of Canadian Mutual Funds 27 J. F. Carrière and C. F. Hill A Regime-Switching Model of Long-Term Stock Returns 41 Mary R. Hardy



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Genetics, Alzheimer’s Disease, and Long-Term Care Insurance 54 Angus Macdonald and Delme Pritchard Hedging Equity-Linked Life Insurance Contracts 79 Thomas Møller Actuarial Modeling With MCMC and BUGS 96 David P. M. Scollnik Multivariate Analysis of Pension Plan Mortality Data 126 Charles Vinsonhaler, Nalini Ravishanker, Jeyaraj Vadiveloo, and Guy Rasoanaivo Departments Discussions of Papers Already Published 139 “Including Homemakers in Social Security” Discussion by Bernard Dussault “Including Homemakers in Social Security” Discussion by Caterina Lindman “Who Says Financial Services Integration Is in Consumers’ Best Interests” Discussion by Daniel E. Kahan

THE ACTUARY Tables of Contents — October 2000 through April 2001

The Actuary, Volume 34, Number 8, October 2000 Table of Contents Editorial: Professionalism—what is it, who has it? 2 Godfrey Perrott Election—behind the scenes 4 Anna Rappaport and Lois Chinnock ABCD helps actuaries do the right thing 5 Frank Irish Cash balance pension plans revisited 6 Alan J. Stonewall Teaching actuaries in Romania 8 Albert E. Easton



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AFIR meets in Norway 9 Gary Venter Mortality by marital status 10 Robert J. Johansen Research Corner 13 Dear Editor 15 Puzzle 16 The Actuary, Volume 34, Number 9, November 2000 Table of Contents Editorial: Mexico embarks on a new cultural—and actuarial—age 2 Charles McLeod Life insurance products 4 Humberto Muñoz, Jim Toole Social security 6 Tapen Sinha Actuarial education system 8 Oliva Sánchez García Two actuarial worlds 10 Fernando Troncoso Actuarial organizations 12 Norm Crowder 2002 International meeting 12 Academic relations White Paper feedback 13 Actuarial case study series 13 Board nominations due 14 Puzzle 16



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The Actuary, Volume 34, Number 10, December 2000 Table of Contents Presidential address: What was and what will be 4 Annual treasurer’s report 6 Annual meeting 8 Year in review—1999-2000: Moving the ball forward 10 Spring meetings 2000 14 Actuarial Foundation 15 The Actuary, Volume 35, Number 1, January 2001 Table of Contents Actuaries discuss reasons for growth of offshore operations 1 Donna Steigerwald Editorial: On bugs, butterflies, and betterment 2 Jay A. Novik Opinion: Risks of professional arrogance 6 Robert D. Shapiro Actuarial exam exemptions 8 Robert L. Brown New Task Force on Elections 10 Redington Prize nominations 10 Book review: The Universal History of Numbers 12 Gordon Leavitt Dear Editor 14 Puzzle 16



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The Actuary, Volume 35, Number 2, February 2001 Table of Contents Long-term-care insurance pricing methods mature 1 Bruce Stahl Editorial: Looking back ...and ahead 2 Craig S. Kalman How actuaries can help with problems of sustainability and the environment 4 Michelle D. Smith Actuaries advise government on Australia’s retirement income system 6 Dr. David Knox and Anna M. Rappaport Actuarial Research Conference 7 Social Security book 7 Puzzle results 8 In Memoriam 8 The Actuary, Volume 35, Number 3, March 2001 Table of Contents Editorial: Finding your path through the career maze 2 Anna M Rappaport Panel discussions—recruiters’ outlook, unusual career paths 1 Linda Heacox Actuarial employment in 2001 4 Anna M. Rappaport The SOA: supporting your career 8 Anna M. Rappaport Perspective on the actuarial profession 12 Jeff Allen International meeting 16 Elections Task Force 18 New staff members 19



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Puzzle 20 The Actuary, Volume 35, Number 4, April 2001 Table of Contents Editorial—Financial convergence: fact or fiction? 2 Godfrey Perrott Convergence of financial organizations 1 Rich Murphy and Rod Rohda Players in a changing financial services industry 4 Patricia L. Guinn Why fair value? 6 Catherine Shires SOA gives actuaries ways to address risks of elderly 8 Neil Parmenter and Judy Anderson President’s agenda and SOA strategic plan 10 Research corner 14 Principles for revised education system 15 Puzzle 16

SECTION NEWSLETTERS A Special Interest Section is a group of Society members organized to study and discuss their common function and professional interests and to contribute information to the actuarial profession. Sections are successful because their members get involved. They are structured but flexible so as to be responsive both to the needs of the profession and to the specific needs of their members. Society members can discuss their special interests at the Section level with other members and still be served professionally through the Society structure.

Sections publish newsletters and special reports, plan Society meetings and seminars, hold breakfasts and luncheons with guest speakers at Society meetings and support actuarial research efforts. Section members are eligible to vote in Council elections and to hold office in the Section to which they belong. People in the actuarial profession and related fields in the United States, Canada, and other countries who are not members of the Society of Actuaries have the opportunity to take advantage of these special interest groups. Nonmembers can subscribe to one or more special interest Sections in order to receive their mailings and to be invited to participate in seminars and



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other Section-sponsored programs. It is a good opportunity to keep abreast of actuarial advancements and activities in North America. Section Dues Subscription

$ $ Actuary of the Future Section $10.00 $10.00 Computer Science Section 10.00 NA Education & Research Section 15.00 15.00 Futurism Section 15.00 15.00 Health Section 20.00 20.00 Individual Life Insurance and Annuity Product Development Section 15.00 20.00 International Section 20.00 20.00 Investment Section 15.00 15.00 Life Insurance Company Financial Reporting Section 10.00 15.00 Long Term Care Insurance Section 20.00 20.00 Management & Personal Development 15.00 15.00 Nontraditional Marketing Section 15.00 15.00 Pension Section 25.00 25.00 Reinsurance Section 10.00 15.00 Smaller Insurance Company Section 10.00 10.00

TABLES OF CONTENTS FROM RECENT SECTION NEWSLETTERS Actuary of the Future Section The Actuary of the Future, Issue No.11, May 2001 Editor’s Voice 1 Judi Naanep Trends in Actuarial Employment 1 Aimee Kaye Chairperson’s Corner 3 Ayleene G. Hartman Preview of Spring Sessions 8 Kristine M. Henderson Preview of Annual Meeting Sessions 8 Robert G. Utter Photo from the Actuary of the Future 9 Section Council Actuary of the Future Record Sessions on SOA Web site 10



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Council Elections 11 2001 Meeting Editors Wanted 12 World Future Society Annual Meeting 12 Robert G. Utter Education and Research Section Expanding Horizons, January 2001, Issue #23 (available only online at www.soa.org) Election Results Getting Education at the Annual Meeting Pat Pruitt A Few Words From the Incoming Chair Pat Pruitt Letters to the Editor Recommended Computer Science Curriculum Mark Evans Researching Retirement at the Annual Meeting Pat Pruitt Spring Meeting Sessions for 2001 Pat Pruitt Summary of Minutes for Conference Call Meeting October 12 and September 1, 2001 Fond Memories: A View From the Outgoing Chair L. M. Christiansen Financial Reporting Section Financial Reporter, Issue No.45, March 2001 Letter from the Editor 1 Thomas Nace Stochastic DAC Unlocking for Variable Annuity Products 1 Alastair Longley-Cook, Dick Shaw, Mike Sherrill, and Jay Vadieveloo



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Chairperson’s Corner 7 Mike Eckman Highlights of the December 2000 NAIC Life and Health Actuarial 8 Task Force Meeting and Other Topics Raymond T. (Ted) Schlude Universal Life, No-Lapse, and the Law vs. Free Markets 14 David J. Hippen To Admit or Not to Admit -- Is That the Question? 18 Kenneth W. Faig Jr Notice to all New York Actuaries 21 Survey of Section Members Provides Input on Newsletter -- 22 Method of Distribution Tops List of Comments Thomas Nace A Summary of the UVS Project 24 Dave Sandberg Treasurer’s Report 26 Spring Meeting Preview 27 Volunteers Wanted 28 Futurism Section Actuarial Futures, Issue No.22, October 2000 Futurism Section Sessions at the Spring Meetings in Las Vegas 1 and San Diego Paul D. Laporte Chairperson’s Corner 1 Robert G. Utter From the Editor 3 Failed Predictions and the Paperless Society Albert E. Easton October 16-18, 2000 Futurism-Sponsored Sessions at the SOA Annual Meeting 6 The Use of Futurism in Actuarial Modeling 7



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Health Section Health Section News, April 2001, Issue Number 40 Chairperson’s Corner 1 Leigh Wachenheim Health Insurance Fraud 1 Joe Campbell Letter from the Editor 2 Jeffrey D. Miller Actuarial and Underwriting Implications of the Final Health Privacy Rule 5 Rowen B. Bell Accident and Health Working Group of the Life and Health Actuarial 11 Task Force Meeting Summary11 The Art & Science of Pricing Small Group Medical Coverage 12 William R. Lane The Actuary and Health Insurance Mergers and Acquisitions 16 James T. O’Connor Critical Illness Primer, Part Two: An Overview of Foreign Critical Illness 22 Claims Experience Johan L. Lotter Erratum to the December 2000 Health Section News 26 Estimating IBNR from Authorized Bed Days 27 Kevin L. Pedlow International Section International Section News, Issue No.24, February 2001 Chairperson’s Corner 1 Jim Toole Hoy Es Miercoles 1 Michael M. Braunstein Editor’s Note 2 Randy Makin



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Ambassador Program Update - Year 2000 in Review 6 Hans J. Wagner Coming in April 2001! International Start-Up Workshop 7 Actuarial Conference in Buenos Aires 8 Jorge M. Noronha Actuarial Profession Takes Further Steps Forward in China 10 David Alexander The Journey to Asia 12 Norm Crowder Pension Funds in Indonesia 13 Jeffrey P. Newnam SOA Ambassador Update - Winter 2000 14 Martha Sikaras HR and the Global Paradigm 16 Lisbeth Claus Exam Fee Discounts for Qualified Candidates 20 IAA Meeting Summary 20 Sam Gutterman International Section Breakfast - October 18, 2000 21 Invitation to the 2001 East Asian Actuarial Conference in Hong Kong 21 Michael Ross International Section - Projected Financials for 2001 22 20th Pacific Insurance Conference, September 16-20, 2001, Canada 23 ICA Cancun 2002 24 Investment Section The Bullet GIC as an Example 1 David F. Babbel, Jeremy Gold, and Craig Merrill Beyond the Bullet GIC 1 Stephen J. Strommen



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Editor’s Column 2 Tony Dardis Chairperson’s Corner 3 Peter D. Tilley Liberty Rings in 1st Annual Investment Actuary Symposium 10 Max J. Rudolph Redington Prize Nominations Due May 31, 2001 11 Investment Actuary Symposium Investment Strategy Development for a Life Insurance Company 12 David N. Ingram Fair Valuation of Liabilities: Theoretical Considerations 14 Luke N. Girard Risk-Neutral Pricing for Insurance Contracts 16 Stephen Britt Modeling Credit Risks 18 Marc N. Altschull The Investment Actuary in the U.K. 21 Peter D. Jones Modeling Assumptions 24 Catherine E. Ehrlich The Cost of Capital Assumption in Actuarial Appraisals: 26 An Application of Fair Value of Liability Concepts Gregory Goulding My Experience With A Shady IPO 28 Nino Boezio Index Separate Accounts 30 Vic Modugno Pension Forecasts 31 Lawrence N. Bader Investment Journal Reviews 32 Edwin Martin & Will Babock



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In Memory of Irwin T. Vanderhoof — 34 (December 4, 1927 - September 24,2000) Sarah Christiansen 34 Investment Section Meets in Chicago at 35 the Annual Meeting Long-Term Care Section Long-Term Care Newsletter, Issue No.4, April 2001 Chairperson’s Corner 2 Loida R. Abraham 2001 Meeting Editors Wanted 3 A Review of Proposed Changes to the NAIC’s Model Regulations 8 for LTC Insurance Allan Kanner Changes in Employer Market Impact Group for Long-Term-Care 14 Insurance Marketing John O’Leary Actuarial Certification: A Reason for Pondering 16 Bartley L. Munson LTCI Insurers Conference -- Miami, Florida 19 Jim Glickman LTCI Session at the Chicago 20 SOA Annual Meeting Editor’s Note 21 Bartley L. Munson The First Annual Intercompany LTCI Conference 22 A Success in Miami 22 Management & Personal Development Section Stepping Stone, Issue No.6, April 2001 Message From the Chairperson 2 James R. Trefz Upcoming Annual Meeting Sessions – New Orleans October 3



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The Management & Personal Development Section Wants You! 3 Web Sites of Interest 3 Emerging Leader Seminar Series: Team Building Through Understanding 4 Registration Card 5 Quality Measures - December 2000, In the Office and On the Floor - 6 Similarities Between Refereeing and Consulting Nickolas J. Ortner Upcoming 2001 Spring Meeting Sessions 7 Influence Without Authority Presentation Summary 8 outlined by Christopher Ruckman presentation by Terry Tuscola from 10/16/00 Meeting Nontraditional Marketing Section NewsDirect, Winter 2000-2001, Issue #36 To Infinity and Beyond! The Future of Insurance 1 Steven E. Konnath Chairperson’s Corner 1 James B. Smith Editor’s Corner 3 Christopher H. Hause NAIC Receives Morbidity Table for Credit Disability 6 Steven L. Ostlund Traditional Nontraditional Marketing Event! 7 Successfully Selling Insurance in Banks - The Whole Picture, A Seminar 8 for Bankers & Insurers Maria Thomson, R. Alan Wade, Steven L. Ostlund, Barnett D. Ovrut, and Les Webb Quantitative Marketing for Actuaries 10 Jay M. Jaffe Nontraditional Marketing, Product Development & Reinsurance 11 Sections Sponsor the Product Development Actuary Symposium



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NTM Sponsors a Variety of Sessions in Toronto 12 Products and Services for the Bancassurance Market: SOA Annual Meeting 14 Panel Insists "Tailoring a Must" Summary of 2000-2001 Activities 16 2001 Nontraditional Volunteer Meeting Editors Wanted! 16 NTM Council Teleconference Schedule for 2000-2001 16 Pension Section Pension Section News, February 2001, Issue No.45 Chairperson’s Corner 1 Bruce Cadenhead Lump Sums and Benefit Adequacy 1 Anna M. Rappaport Articles Needed for the News 2 Summary of 2001 IRC, PBGC, Federal Income Tax, Social Security, 6 and Medicare Amounts Heidi Rackley Retirement Systems Practice Advancement Committee 14 December 6, 2000 - Rosemont, Illinois Why I Like J 18 Brian Bambrough Pension Section Council Meeting Minutes - 19 June 12, 2000 - Sheraton Gateway Suites, O’Hare Pension Actuarial Basics Course Online 20 Adrien R. La Bombarde Call for Papers 21 Pension Forecasts. Some Questions, Part I 22 Lawrence N. Bader Termination and Retirement 22 Continuing Education Update 23 Barb Choyke



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Product Development Section Product Development News, May 2001, Issue No.51 Joe Athlete vs. Joe Average: Who’s The Safer Bet? 1 C. Allen Pinkham Toward Regulatory Efficiency and Modernization -- ACLI Explores 1 Optional Federal Chartering for Life Insurers and Life Reinsurers Monica M. Hainer Chairman’s Corner 9 Robert W. Beal What Is A Dollar Worth? (An Overview of Financial Reinsurance) 12 Mark Troutman Brazil: Reinsurance In A Closed Market 14 Ronald Poon Affat14 The Return of Ms. Re 16 2001 Meeting Editors Wanted 16 Linda Blatchford Reinsurance Section Reinsurance Section News, Issue No.48, May 2001 Joe Athlete vs. Joe Average: Who’s The Safer Bet? 1 C. Allen Pinkham Toward Regulatory Efficiency and Modernization -- ACLI Explores 1 Optional Federal Chartering for Life Insurers and Life Reinsurers Monica M. Hainer What Is A Dollar Worth? (An Overview of Financial Reinsurance) 1 by Mark Troutman Brazil: Reinsurance In A Closed Market 6 Ronald Poon Affat The Return of Ms. Re 10 Attention to Lapse Rates Required For Pro Athletes 14



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Looking At Athlete Risk From the Retrocessionaire’s Perspective 14 Julie Hecke Chairperson’s Corner 15 Robert W. Beal 2001 Meeting Editors Wanted 16 Photos from the Reinsurance Section Council Meeting 16 Smaller Insurance Company Section Small Talk, May 2001, Issue No.17 Small Talk from the High Chair 1 Edward J. Slaby Gramm Leach Bliley Survey 1 Edward J. Slaby From the Editor 2 James R. Thompson Breaking News -- Legislation Introduced To Restrict Small Policies 5 Small Face Amount Policy Legislation 6 Alex Zeid Outsourcing the Investment Function: Opportunities for the Smaller Insurer 8 Anson J. Glacy, Jr. The Other Insurance Products Auto Dealers Sell 10 John H. Kerper Small Policies = Big Controversy 12 Jack Ladley Life Liquidity Risk 15 John E. Niehus Standard Forms Could Bring Life Insurers Big Savings 16 Lawrence Garvey NAIC Receives Morbidity Table for Credit Disability 18 Robert J. Butler New Valuation Standards for Credit Insurance Companies 19 Steven L. Ostlund



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Input at the Next LHATF Meeting 19 James R. Thompson The Status of Proposed New Actuarial Opinion and Memorandum Regulation 20 James R. Thompson

the society of actuaries · 10. table of contents of actuarial journals / table des matières des...

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