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Content
2000, Volume 4, Issue 4
- 1-1 Switching Regimes
by Edward Frees
- 1-11 Bridging the Gap Between Roe and IRR
by Robert Beal
- 12-27 Robust and Efficient Estimation of the Tail Index of a Single-Parameter Pareto Distribution
by Vytaras Brazauskas & Robert Serfling
- 28-43 Including Homemakers in Social Security
by Robert Brown & Robin Damm & Ishmael Sharara
- 44-55 Financial and Demographic Risks of a Portfolio of Life Insurance Policies with Stochastic Interest Rates
by Maria Bruno & Emanuela Camerini & Alvaro Tomassetti
- 56-82 Catastrophe Risk Bonds
by Samuel Cox & Hal Pedersen
- 83-111 Why Men Die Younger
by Barbara Kalben
- 112-124 Self-Annuitization and Ruin in Retirement
by Moshe Milevsky & Chris Robinson
- 124-126 “Self-Annuitization and Ruin in Retirement”, Moshe Arye Milevsky and Chris Robinson, October 2000
by Jan Dhaene & Marc Goovaerts & Rob Kaas
- 126-127 “Self-Annuitization and Ruin in Retirement”, Moshe Arye Milevsky and Chris Robinson, October 2000
by Jeffrey Brown
- 127-129 “Self-Annuitization and Ruin in Retirement”, Moshe Arye Milevsky and Chris Robinson, October 2000
by Mark Warshawsky
- 130-148 Use of a Markov Model to Estimate Long-Term Insured Lives’ Mortality Risk Associated With BRCA1 and BRCA2 Gene Mutations
by Robert Pokorski & Ulrike Ohlmer
- 149-163 Valuing Equity-Indexed Annuities
by Serena Tiong
- 163-164 “Valuing Equity-Indexed Annuities”, Serena Tiong, October 2000
by G. Thomas Mitchell
- 164-169 “Valuing Equity-Indexed Annuities”, Serena Tiong, October 2000
by Hans Gerber & Elias Shiu
- 169-170 Author’s Reply: Valuing Equity-Indexed Annuities - Discussion by G. Thomas Mitchell; Hans U. Gerber; Elias S. W. Shiu
by Tiong Serena
2000, Volume 4, Issue 3
- 1-19 Integration of Financial Services
by Elisa Bain & Ian Harper
- 20-24 Who Says Financial Services Integration Is In Consumers’ Best Interests?
by Joseph Belth
- 25-45 The Integration of the Financial Services Industry
by Allen Berger
- 45-50 “The Integration of the Financial Services Industry: Where Are the Efficiencies?”, Allen N. Berger, July 2000
by J. David Cummins
- 50-52 “The Integration of the Financial Services Industry: Where Are the Efficiencies?”, Allen N. Berger, July 2000
by Martin Grace
- 53-63 The Integration Of Financial Services in Europe
by Jean-Pierre Daniel
- 64-70 The Role of Electronic Commerce In Financial Services Integration
by James Garven
- 109-110 Remarks on “Financial Services Integration: Right for some, Wrong for Others?”
by Stephen Smith
- 111-112 Integration of Financial Services
by Bob St. Jacques
- 113-120 The State of the Industry
by Robert Stein & Peter Porrino
- 121-130 The Prudential Supervision of Financial Conglomerates in the European Union
by Michael Thom
- 130-138 “The Prudential Supervision of Financial Conglomerates in the European Union”, Michael Thom, July 2000
by Larry Wall
- 139-144 “The Society of Actuaries Education and Examination System, 1949–1999,” Harold G. Ingraham, Jr., October 1999
by Beda Chan
- 145-145 Mitchell, Olivia S., Hammond, P. Brett, and Rappaport, Anna M., editors, 1999
by Robert Myers
2000, Volume 4, Issue 2
- 1-1 Preaching What We Practice
by The Editors
- 1-19 Investment Policy for Defined-Contribution Pension Scheme Members Close to Retirement
by Philip Booth & Yakoub Yakoubov
- 20-27 Calculating Funding Premiums for Universal Life Insurance
by Calvin Cherry
- 28-37 Pricing Dynamic Investment Fund Protection
by Hans Gerber & Gérard Pafumi
- 37-37 “Pricing Dynamic Investment Fund Protection”, Gérard Pafumi, April 2000
by Terence Chan
- 37-38 “Pricing Dynamic Investment Fund Protection”, Hans U. Gerber and Gérard Pafumi, April 2000
by François-Serge Lhabitant
- 39-40 “Pricing Dynamic Investment Fund Protection”, Hans U. Gerber and Gérard Pafumi, April 2000
by Svein-Arne Persson
- 40-41 Author’s Reply: Pricing Dynamic Investment Fund Protection - Discussion by Terence Chan; François-Serge Lhabitant; Svein-Arne Persson
by Hans Gerber & Gérard Pafumi
- 42-58 Investing for Retirement
by Hans Gerber & Elias Shiu
- 58-59 “Investing for Retirement: Optimal Capital Growth and Dynamic Asset Allocation”, Hans U. Gerber and Elias S.W. Shiu, April 2000
by Phelim Boyle
- 60-61 “Investing for Retirement: Optimal Capital Growth and Dynamic Asset Allocation”, Hans U. Gerber and Elias S.W. Shiu, April 2000
by Gérard Pafumi
- 61-62 Authors’ Reply: Investing for Retirement: Optimal Capital Growth and Dynamic Asset Allocation - Discussion by Phelim P. Boyle; Gérard Pafumi
by Hans Gerber & Elias Shiu
- 63-74 Hedging and Reserving for Single-Premium Segregated Fund Contracts
by Mary Hardy
- 75-87 Pricing Term Insurance in the Presence of a Family History of Breast or Ovarian Cancer
by Jean Lemaire & Krupa Subramanian & Katrina Armstrong & David Asch
- 88-100 Measuring Foreign Exchange Risk in Insurance Transactions
by John Mange
- 101-113 Excess Mortality In Asia Associated With Cigarette Smoking
by Robert Pokorski
- 114-115 “Excess Mortality In Asia Associated With Cigarette Smoking”, Robert J. Pokorski, April 2000
by Michael Cowell
- 116-123 Development of the Last-Year-of-Life Valuation Model for Retiree Medical Plans
by Adam Reese
- 123-123 “Development of the Last-Year-of-Life Valuation Model for Retiree Medical Plans”, Adam J. Reese, April 2000
by Harry Don
- 124-126 “Development of the Last-Year-of-Life Valuation Model for Retiree Medical Plans”, Adam J. Reese, April 2000
by Jeffrey Petertil
- 126-127 “Development of the Last-Year-of-Life Valuation Model for Retiree Medical Plans”, Adam J. Reese, April 2000
by Anna Rappaport
- 128-138 Managed Care and Performance Measurement
by Dennis Scanlon & Michael Chernew
- 139-140 “Actuaries at the Dawn of the Computer Age,” James C. Hickman and Linda Heacox, July 1999
by Frank Reynolds
- 140-142 “The Public Responsibility of Actuaries in American Pensions,” Donald S. Grubbs, October 1999
by Clyde Beers
- 142-143 “The Society of Actuaries Education and Examination System, 1949–1999,” Harold G. Ingraham, Jr., October 1999
by Mark Evans
- 143-144 “Social Security-Adequacy, Equity, and Progressiveness: A Review of Criteria Based on Experience in Canada and the United States,” Robert L. Brown and Jeffrey Ip, January 2000
by Dan Clark
- 144-144 Authors’ Reply: Social Security-Adequacy, Equity, and Progressiveness: A Review of Criteria Based on Experience in Canada and the United States - Discussion by Dan Clark
by Robert Brown & Jeffrey Ip
- 146-148 Björk, Tomas, 1998
by Samuel Cox
2000, Volume 4, Issue 1
- 1-1 Leap of Faith
by The Editors
- 1-17 Social Security—Adequacy, Equity, and Progressiveness
by Robert Brown & Jeffrey Ip
- 17-17 “Social Security—Adequacy, Equity, and Progressiveness: A Review of Criteria Based on Experience In Canada and the United States”, Robert L. Brown, January 2000
by Harry Ballantyne
- 18-19 “Social Security—Adequacy, Equity, and Progressiveness: A Review of Criteria Based on Experience In Canada and the United States”, Robert L. Brown, January 2000
by Malcolm Hamilton
- 20-30 Executive Stock Options
by P. W. A. Dayananda
- 30-30 “Executive Stock Options: Valuation Based on Targeted Performance”, P. W. A. Dayananda, January 2000
by Elias Shiu
- 31-49 Market Value Of Insurance Liabilities
by Luke Girard
- 50-55 “Market Value Of Insurance Liabilities: Reconciling the Actuarial Appraisal and Option Pricing Methods”, Luke N. Girard, January 2000
by Thomas Ho
- 55-56 “Market Value Of Insurance Liabilities: Reconciling the Actuarial Appraisal and Option Pricing Methods”, Luke N. Girard, January 2000
by Joe Koltisko
- 56-57 “Market Value Of Insurance Liabilities: Reconciling the Actuarial Appraisal and Option Pricing Methods”, Luke N. Girard, January 2000
by Thomas Merfeld
- 57-60 “Market Value Of Insurance Liabilities: Reconciling the Actuarial Appraisal and Option Pricing Methods”, Luke N. Girard, January 2000
by Marsha Wallace
- 60-62 Author’s Reply: Market Value Of Insurance Liabilities: Reconciling the Actuarial Appraisal and Option Pricing Methods - Discussion by Thomas S. Y. Ho; Joe Koltisko; Thomas J. Merfeld; Marsha Wallace
by Luke Girard
- 63-76 A Retirement Plan Based on Fixed Accumulation and Variable Accrual
by M. Khorasanee & Ho Ng
- 76-77 “A Retirement Plan Based on Fixed Accumulation and Variable Accrual”, M. Zaki Khorasanee and Ho Kuen Ng, January 2000
by Yuan Chang
- 77-77 “A Retirement Plan Based on Fixed Accumulation and Variable Accrual”, M. Zaki Khorasanee and Ho Kuen Ng, January 2000
by Cecil Nesbitt
- 78-78 “A Retirement Plan Based on Fixed Accumulation and Variable Accrual”, M. Zaki Khorasanee and Ho Kuen Ng, January 2000
by Keith Sharp
- 78-79 “A Retirement Plan Based on Fixed Accumulation and Variable Accrual”, M. Zaki Khorasanee and Ho Kuen Ng, January 2000
by Michael Sze
- 80-91 The Lee-Carter Method for Forecasting Mortality, with Various Extensions and Applications
by Ronald Lee
- 91-93 “The Lee-Carter Method for Forecasting Mortality, with Various Extensions and Applications“, Ronald Lee, January 2000
by Juha Alho
- 94-106 Managing The Volatility Of Gaap Earnings
by Louis Lombardi
- 107-113 Credibility in Favor of Unlucky Insureds
by Virginia Young & F. De Vylder
- 114-115 “Reaching Out to Make a Difference” (Guest Editorial), Anna M. Rappaport, April 1999
by Caterina Lindman
- 115-115 Author’s Reply: Reaching Out to Make a Difference (Guest Editorial) - Discission by Caterina Lindman
by Anna Rappaport
- 115-116 “Application of Coherent Risk Measures to Capital Requirements in Insurance,” Philippe Artzner, April 1999
by Elias Shiu
- 116-116 Author’s Reply: Application of Coherent Risk Measures to Capital Requirements in Insurance - Discussion by Elias S.W. Shiu
by Philippe Artzner
- 116-117 “Enterprise Risk and return Management for Financial Institutions,” Mark Griffin and Rick Boomgaardt, April 1999
by Elias Shiu
1999, Volume 3, Issue 4
1999, Volume 3, Issue 3
- 1-1 The State of Medicine in the Next 50 Years
by George Lundberg
- 1-1 Brave New Era–With Caution
by The Editors
- 1-3 Actuaries at the Dawn of the Computer Age
by James Hickman & Linda Heacox
- 13-22 Long-Term Yield Rates for Actuarial Valuations
by Jacques Carriere
- 22-23 “Long-Term Yield Rates for Actuarial Valuations”, Jacques F. Carriere, July, 1999
by Michael Sherris
- 23-24 “Long-Term Yield Rates for Actuarial Valuations”, Jacques F. Carriere, July, 1999
by Elias Shiu
- 24-24 “Author’s Reply: Long-Term Yield Rates for Actuarial Valuations”, Jacques F. Carriere, July, 1999 - Discussions by Michael Sherris and Elias S. W. Shiu
by Jacques Carriere
- 25-38 Combining Life Table Data
by Gilbert Fellingham & H. Dennis Tolley
- 38-39 “Combining Life Table Data”, Gilbert W. Fellingham and H. Dennis Tolley, July, 1999
by Eric Stallard
- 39-40 “Combining Life Table Data”, Gilbert W. Fellingham and H. Dennis Tolley, July, 1999
by Aaron Tenenbein
- 41-69 The Financial Modeling of Property-Casualty Insurance Companies
by Douglas Hodes & Sholom Feldblum & Antoine Neghaiwi
- 70-76 Bounds for Actuarial Present Values Under the Fractional Independence Assumption
by Werner Hürlimann
- 76-79 “Bounds for Actuarial Present Values Under the Fractional Independence Assumption”, Werner Hürlimann, July, 1999
by Michel Denuit
- 79-81 “Bounds for Actuarial Present Values Under the Fractional Independence Assumption”, Werner Hürlimann, July, 1999
by Ole Hesselager
- 81-82 “Bounds for Actuarial Present Values Under the Fractional Independence Assumption”, Werner Hürlimann, July, 1999
by Alfred Müller
- 82-84 “Author’s Reply: Bounds for Actuarial Present Values Under the Fractional Independence Assumption”, Werner Hürlimann, July, 1999
by Werner Hürlimann
- 85-98 Critique of Mexico’s New Social Security Act
by Octavio Maupomé-Carvantes
- 98-101 “Critique of Mexico’s New Social Security Act”, Octavio Maupomé-Carvantes, July, 1999
by Enrique de Alba & Tapen Sinha
- 101-102 “Critique of Mexico’s New Social Security Act”, Octavio Maupomé-Carvantes, July, 1999
by Kenneth Manton & Kenneth Land
- 102-103 “Critique of Mexico’s New Social Security Act”, Octavio Maupomé-Carvantes, July, 1999
by Robert Myers
- 103-104 “Author’s Reply: Critique of Mexico’s New Social Security Act”, Octavio Maupomé-Carvantes, July, 1999
by Octavio Maupomé-Carvantes
- 105-117 Pension Fund Dynamics and Gains/Losses Due to Random Rates of Investment Return
by M. Iqbal Owadally & Steven Haberman
- 118-121 12-Year Experience Following Bone Marrow Transplantation with Emphasis on Acute and Chronic Leukemia
by Robert Pokorski
- 122-138 Term Structure Models: A Perspective from the Long Rate
by Yong Yao
- 138-138 “Term Structure Models: A Perspective from the Long Rate”, Yong Yao, July, 1999
by Michael Sherris
- 139-141 “An Actuarial Index of the Right-Tail Risk,” Shaun Wang, April 1998
by Benjamin Wurzburger
- 141-144 “Author’s Reply: An Actuarial Index of the Right-Tail Risk,” Shaun Wang, April 1998 - Discussion by James G. Berberian and Benjamin W. Wurzburger
by Shaun Wang
- 144-145 “Economic Valuation Models for Insurers,” David F. Babbel and Craig Merrill, July 1998
by Irwin Vanderhoof
- 145-152 “Economic Valuation Models for Insurers,” David F. Babbel and Craig Merrill, July 1998
by Kim Balls & David Sandberg
- 153-155 “A Logical, Simple Method for Solving the Problem of Properly Indexing Social Security Benefits,” Robert J. Myers, July 1998
by Martin Lunnon
- 156-156 “Forecasting Changes In Mortality: A Search for a Law of Causes and Effects,“ Sam Gutterman and Irwin Vanderhoof, October 1998
by John Pemberton
- 156-158 “Summary of Results of Survey of Seminar Attendees,” Marjorie Rosenberg and Warren Luckner, October 1998
by Bradley Carlin
- 158-158 Renn, Derek, editor, 1998
by Barnet Berin
- 158-159 Kindig, David A., 1997
by Barnet Berin
- 160-160 Walter Klem 1904-1999
by The Editors
1999, Volume 3, Issue 2
- 1-1 Guest Editorial
by The Editors
- 1-8 Credibility Theory
by James Hickman & Linda Heacox
- 9-10 Overview
by Harry Panjer
- 11-25 Application of Coherent Risk Measures to Capital Requirements in Insurance
by Philippe Artzner
- 26-29 Cash-Flow Valuation and Value at Risk
by Allan Brender
- 30-41 Extreme Value Theory as a Risk Management Tool
by Paul Embrechts & Sidney Resnick & Gennady Samorodnitsky
- 42-47 Evaluating the Risks of Modeling Assumptions Used in Risk Measurement
by Teri Geske
- 48-56 Enterprise Risk and Return Management for Financial Institutions
by Mark Griffin & Rick Boomgaard
- 57-65 A Var Model of an Investment Cycle
by Thomas Ho
- 66-71 A Bridge Too Var
by Colin McKee
- 72-83 A Value-At-Risk Calculation of Required Reserves for Credit Risk in Corporate Lending Portfolios
by Ronan O’Connor & James Golden & Robert Reck
- 84-105 The Strategic Uses of Value at Risk
by William Panning
- 106-115 Raising Value at Risk
by Julia Lynn Wirch
- 116-128 Bounds for Ruin Probabilities in the Presence of Large Claims and their Comparison
by Vladimir Kalashnikov
- 128-129 “Bounds for Ruin Probabilities in the Presence of Large Claims and their Comparison”, Vladimir Kalashnikov, April, 1999
by John Beekman
- 129-129 “Author’s Reply: Bounds for Ruin Probabilities in the Presence of Large Claims and their Comparison,” Vladimir Kalashnikov, April, 1999 - Discussion by John A. Beekman
by Vladimir Kalashnikov
- 130-143 A Bayesian Approach to Understanding Time Series Data
by Marjorie Rosenberg & Virginia Young
- 144-146 Social Security, Productivity, and Demographics
by The Editors
- 146-147 “Social Security, Productivity, and Demographics”, Committee on Social Security–Retirement and Disability Income, April, 1999
by Bernard Dussault
- 147-147 “Social Security, Productivity, and Demographics”, Committee on Social Security–Retirement and Disability Income, April, 1999
by Sam Gutterman
- 147-148 “Social Security, Productivity, and Demographics”, Committee on Social Security–Retirement and Disability Income, April, 1999
by Eric Klieber
- 148-148 “Social Security, Productivity, and Demographics”, Committee on Social Security–Retirement and Disability Income, April, 1999
by Michael Sze
- 149-149 “Social Security, Productivity, and Demographics”, Committee on Social Security–Retirement and Disability Income, April, 1999
by Marc Twinney
- 150-150 Luenberger, David G., 1997
by Elias Shiu
- 150-151 Klugman, S.A., Panjer, H.H., and Willmot, G.E., 1998
by X. Sheidon Lin
1999, Volume 3, Issue 1
- 1-1 Preface to the Issue on Genetic Testing
by Patrick Brockett
- 1-20 Genetic Testing, Insurance Economics, and Societal Responsibility
by Patrick Brockett & Richard MacMinn & Maureen Carter
- 21-28 The Future of Risk Classification in the Age of Predictive DNA-Based Testing
by Donald Chambers
- 29-31 “The Future of Risk Classification in the Age of Predictive DNA-Based Testing”, Donald C. Chambers, January 1999
by Bruce Holmes
- 31-33 “The Future of Risk Classification in the Age of Predictive DNA-Based Testing”, Donald C. Chambers, January 1999
by Arnold Dicke
- 34-46 Restricting Insurers’ Use of Genetic Information
by Mark Hall
- 46-50 “Restricting Insurers’ Use of Genetic Information: A Guide to Public Policy”, Mark A. Hall, January 1999
by Erle Peacock
- 50-51 “Restricting Insurers’ Use of Genetic Information: A Guide to Public Policy”, Mark A. Hall, January 1999
by Derek Smith
- 52-55 Effective Underwriting in the Genetic Testing Era
by Robert Johansen
- 56-63 The Current State of Genetic Testing
by Charles Jones
- 63-64 “The Current State of Genetic Testing: An Insurance Industry Perspective on the Rush to Legislate”, Charles S. Jones, Jr., January, 1999
by Bruce Holmes
- 65-66 “The Current State of Genetic Testing: An Insurance Industry Perspective on the Rush to Legislate”, Charles S. Jones, Jr., January, 1999
by Arnold Dicke
- 67-78 Ethical Issues Resulting from Genetic Technology
by J. Alexander Lowden
- 78-82 “Ethical Issues Resulting from Genetic Technology”, J. Alexander Lowden, January, 1999
by John Krinik
- 83-101 Modeling the Impact of Genetics on Insurance
by Angus Macdonald
- 101-105 “Modeling the Impact of Genetics on Insurance”, Angus S. Macdonald, January, 1999
by James Hickman
- 106-112 What Does Genetic Technology Have to Do with Ethics?
by Ray Moseley & Bill Allen
- 112-115 “What Does Genetic Technology Have to Do with Ethics?”, Ray Moseley and Bill Allen, January, 1999
by John Krinik
- 116-127 Federal Regulation of Use of Genetic Information by Insurers
by Ellwood Oakley
- 127-131 “Federal Regulation of Use of Genetic Information by Insurers: What Constitutes Unfair Discrimination?”, Ellwood F. Oakley III, January, 1999
by Erle Peacock
- 131-132 “Federal Regulation of Use of Genetic Information by Insurers: What Constitutes Unfair Discrimination?”, Ellwood F. Oakley III, January, 1999
by Derek Smith
- 133-136 Social Implications of Genetic Testing
by Karen Rothenberg
- 137-142 “Understanding Relationships Using Copulas,” Edward Frees and Emiliano Valdez, January 1998
by Shaun Wang
- 142-146 “Risk-Adjusted Economic Value Analysis,” Alastair G. Longley-Cook, January 1998
by Benjamin Wurzburger
- 146-148 “Author’s Reply: Risk-Adjusted Economic Value Analysis,” Benjamin W. Wurzburger, January 1998 - Discussion by Benjamin W. Wurzburger
by Alastair Longley-Cook
- 149-150 Ambachtsheer, Keith P., and Ezra, Don D., 1998
by Barnet Berin
- 150-150 Bruce, William D., 1996, A Fifty-Year Labor of Love:
by Edward Cowman
- 150-151 Houthakker, H.S., and Williamson, P.J., 1996
by Serena Tiong
- 151-152 Wainer, H., 1997, Visual Revelations: Graphical Tales of Fate and Deception from Napoleon Bonaparte to Ross Perot, Copernicus, New York, 180 pages, $35.00, ISBN 0-387-94902-X
by Robert Miller
1998, Volume 2, Issue 4