Description: This monograph strives to define a mission for the modern insurance industry, its place in the financial intermediation network, and the role of Asset/Liability Management in that mission from the perspective of what is known about capital markets and practiced in financial engineering.

Description: This paper suggests that two opposing pressures are at work in the United States. One is the limit to the number of retired adults that the nation can support. The other is the growing diversity of needs and desires of older people and employers. These two opposing pressures will frame the issues of the future.

Description: This paper examines the problem of a growing net benefit reduction for working women who are entitled to benefits in their own right, as well as to benefits as surviving spouses of covered workers.

Description: This paper documents the R language and its applications.

Description: Article presents new course readings that cover hot health topics that will expand actuarial expertise in the Health Systems practice area.

Description: This session is about financial rating systems: The processes, performance, improvement, and the role and impact of risk-based capital requirements.

Description: Presented at May 1996 Spring Meeting. This session analyzes the factors that influence the mortality differences between countries and between population and insured-lives mortality.

Description: Presented at June 1996 Spring Meeting. An investment manager discusses investment strategy for a disability insurer and a rating agency representative and a stock analyst describe how disability insurers are evaluated for risk profile and other issues.

Description: Presented at June 1996 Spring Meeting. Presents tips, techniques, and models for Disabled Life Reserve and incurred but not reported 'IBNR' reserves.

Description: Presented at October 1996 Annual Meeting. Accruals in nonqualified retirement plans have become subject to FICA taxation. In this session, IRS rules are discussed in detail with emphasis on options available for good faith years through 1996 and final regulation years starting in 1997.