Actuaries Insurance

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    Issue 4/2010

    Actuaries in insurance

    Economic Research Department

    Library Section

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    Table of contents

    Introduction........................................................................................................2

    Articles from Business Source Corporate & EconLit with Full Text...........3

    Articles from ABI / INFORM Complete .........................................................9

    Articles from Factiva .......................................................................................13

    Note: Covers picture The Yellow Books, c.1887 belongs to Vincent Van Gogh (1853-1890)

    Bank of Greece Library Section,Actuaries in insurance, October 2010 1

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    Introduction

    The present bibliography on Actuaries in insurance includes full text articles from the

    databases:

    Business Source Corporate & EconLit with Full Text: articles published from

    2008 until May 2010

    ABI / Inform Complete: articles published from 2008 until October 2010

    Factiva: articles published from 2009 until October 2010

    The articles from Business Source Corporate & EconLit with Full Text have been gathered

    with the search queries:

    keywordsActuaries and Insurance in the field Subject terms, with publication

    type: academic journals, journals, trade publication, country report and document type:

    article.

    The articles from databases ABI / Inform Complete have been gathered with the search

    queries:

    keywordsActuaries and Insurance Industry or Insurance Companies in the field

    Subject heading, with publication type: academic journals and magazines and

    document type: article.The articles from databases Factiva have been gathered with the search queries:

    keywordsActuaries and Insurance with criterion search results containing 3 words

    between these keywords (W/3) in the field Headline-Lead Paragraph and source

    Publication by title A-Z.

    The bibliographic references are listed by date of publication in descending order. Within

    each year, the bibliographic references are listed alphabetically by the title of the article.

    The bibliographic references of articles derived from Business Source Corporate and

    EconLit with Full Text include the following data:

    Title, author, journal title, issue and number, date of publication, pages and abstract,

    name of database. Retrieval of full text can be done by the selection CTRL + click

    into the articles title.

    The bibliographic references of articles derived from ABI / Inform Complete include the

    following data:

    Title, author, journal title, issue and number, date of publication, pages. Retrieval of full

    text can be done by Librarys workstations.

    Thebibliographic references of articles derived from Factiva include the following data:

    Title, journal or newspaper title and date of publication. Retrieval of full text can be

    done by Librarys workstations.

    Edited by

    Eva Semertzaki Mari Konstantinidou

    tel.: 210-320 2396 tel.: 210-320 3129

    e-mail: [email protected] e-mail: [email protected]

    Maria Gavrili

    tel.: 210-320 2426

    e-mail: [email protected]

    Athens, October 2010

    Bank of Greece Library Section,Actuaries in insurance, October 2010 2

    mailto:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]
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    Articles from Business Source Corporate & EconLit withFull Text

    2010

    CERA: (Out) Running The Risk. By: Gorski, Dennis. Best's Review, May2010, Vol. 111Issue 1, p52-53, 2p

    Abstract: The article discusses the development of Chartered Enterprise RiskAnalyst (CERA) professional designation by the Society ofActuaries (SOA) in Illinois.SOA is the largest domestic professional organization of its kind, considered as thebeacon in the insurance industry because of its achievements in the field ofunderwriting. CERA identifies high-caliber risk management professionals andrecognizes that risk is a constant threat to all companies.

    : Business Source Corporate

    2009

    Actuaries Should Explore Alternative Approaches.Insurance Advocate, 4/20/2009,Vol. 120 Issue 8, p32-32, 2/3p

    Abstract: The articlereports on the assertion by Ian Ayres, a lawyer and economistin the U.S., that actuaries should explore alternative approaches. At the Casualty

    Actuarial Society Ratemaking Seminar, he said that non-traditional approaches topredictive analysis may have a role for actuaries. He mentioned the ability ofEpagogix to predict the box office success of movies through the use of the neuralnetwork model.: Business Source Corporate

    Boring is Beautiful. By: Campbell, Alister. Canadian Underwriter, Jul2009, Vol. 76

    Issue 7, p14-17, 4pAbstract: The article discusses several insurance principles that could be appliedmore broadly to the risk management challenges of other financial services sectors.Insurers make a contractual commitment in selling policies that its capital will bemade available to offset losses of those who avail such policies. Professionalactuariesdetermine the adequacy of required reserves. Also, the reserving adequacyof each insurer is regularly peer-reviewed by an external actuary.: Business Source Corporate

    Bank of Greece Library Section,Actuaries in insurance, October 2010 3

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    Dynamic Financial Analysis in the Insurance IndustryAuthor: Shiu, Yung-MingAuthor Affiliation: National Cheng Kung USource: Geneva Papers on Risk and Insurance: Issues and Practice, April 2009, v.34, iss. 2, pp. 175-96Publication Date: April 2009

    Abstract: Although dynamic financial analysis (DFA) has gradually gained attention

    over the recent years, knowledge is scant about the practices in the insuranceindustry. The objective of this paper is to provide insights into the practices. Theinvestigation is conducted via a field study in five U.K. insurancecompanies. Anexample is given to illustrate how DFA works in general. The results highlight keymatters that actuariesemphasise when carrying out dynamic financial analysis. Thispaper sets out important implications that insuranceregulators and the actuarialprofession can take into account as they refine their supervisory and regulatoryregime.: EconLit w ith Full Text

    External ActuaryUse Grows While Top Four Auditors Claim 72.4% of Market. (coverstory) By: Klinger, Stephen Brown. Best's Review, Jan2009, Vol. 109 Issue 9, p65-67,3p

    Abstract: The articlepresents a study the from A.M. Best Co. Inc.'s annual reviewof the auditor and actuarial markets which showed that top firms in the U.S. andCanada remained dominant. The study included 2007 statutory filings submitted to

    A.M. Best for 3,933 American and Canadian insurancecompanies. It was found thatthe leading audit firm is PricewaterhouseCoopers LLP, while the leading actuarial firmis Milliman Inc.: Business Source Corporate

    Financial Literacy and the Challenges of the Postretirement Period. By: Rappaport,Anna M.; Siegel, Steven. Benefits Quarterly, 2009 Third Quarter, Vol. 25 Issue 3, p7-16, 10p, 3 Charts, 1 Graph

    Abstract: The Society of Actuaries has undertaken a significant number ofintegrated research efforts to identify risks associated with the postretirement period,understand the general public's awareness and perception of those risks over time,and determine approaches used to manage them. This article reviews the categoriesand specific types of risks identified, observations from Society ofActuaries researchabout the extent to which they are recognized and acted upon, and challenges thatgaps in financial literacy create for managing them. Recommendations to improve

    financial literacy through employers and others providing benefit guidance are alsodiscussed. The recommendations draw upon testimony presented to the EmployeeRetirement Income Security Act (ERISA) Advisory Council in 2007. [ABSTRACT FROM

    AUTHOR]: Business Source Corporate

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    2008

    20 Questions. By: Oberholtzer, Marc. Best's Review, Jan2008, Vol. 108 Issue 9, p70-73, 4p

    Abstract: The articlediscusses 20 questions an audit committee member can ask toactuaries to improve their understanding of the loss-reserving process in theinsurance industry in the U.S. It stated that a member can ask who are the principalactuaries in the process, the structure of the team and the significant judgments andassumptions used in the loss-reserving process. Meanwhile, the role played byactuaries in the sector is also discussed.: Business Source Corporate

    THE CONTROVERSY. Advisor Today, Apr2008, Vol. 103 Issue 4, p16-16, 1/5pAbstract: The article focuses on the controversy on secondary-guaranteed lifeinsurance products (SGP) in the U.S. The controversy involves reserves companiesthat sell these products, trying to meet their long-term promises. It has been claimedthat due to lowered premiums, SGP policies have a much smaller margin for error.Actuaries and rating agencies have warned that companies with large blocks of SGPmay cause long-term financial impairments to their reserves and create risk for policyowners.: Business Source Corporate

    Designing a social security pension system. By: Brown, Robert L.. International SocialSecurity Review, Jan-Mar2008, Vol. 61 Issue 1, p61-79, 19p, 2 Charts, 6 Graphs

    Abstract: This paper looks at potential models of social security pension systems. It

    refers often to the systems that exist in the United States and Canada (the latter moreparticularly) to outline the issues involved in attempting to design a good socialsecurity pension system. Of course, one of the issues is the definition of good. Thispaper will use criteria such as poverty alleviation, retirement income adequacy,benefit/contribution sustainability, income equality and wealth distribution. In thecourse of the discussion, the reader will be exposed to many issues that need to beaddressed in the establishment of any social security pension system in the world.This may prove to be helpful in countries where new systems are established (andeven for evolving systems). It is also hoped that future students of social security willfind this paper helpful in that it is meant to lay out some basic principles consistent

    with good social security pension design. [ABSTRACT FROM AUTHOR]: Business Source Corporate

    Disability cover is important. By: Marx, Petrie. Finweek, 11/20/2008, p26-26, 1pAbstract: The article focuses on the perspective of Petrie Marx, product actuaryatGlacier, concerning the importance of disability cover. Marx said the greatest need isamong younger people, who want to ensure their families are looked after foranything up to many years. He argued that disability cover is not expensive, but iscost effective if a client takes it out at a young age, since it becomes more expensivethe older he or she gets.

    : Business Source Corporate

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    Guide To The Directory. National Underwriter / Life & Health Financial Services,3/3/2008, Vol. 112 Issue 8, pS3-S3, 1/4p

    Abstract: The article presents a guide to the directory "Who Reinsures What," acomprehensive list of reinsurers in the life, health, annuities and accident lines ofbusiness. It was stated that the directory offers an alphabetical listing of reinsuranceproviders surveyed by the journal "National Underwriter" and the reinsurance sectionof the Society ofActuaries. In addition, the directory offers other information about

    reinsurers, including one about how reinsurers work with their customers.: Business Source Corporate

    Insurance Auditors and Actuaries Of North America--2008. By: Klinger, StephenBrown. Best's Review, Jan2008, Vol. 108 Issue 9, p75-75, 1p

    Abstract: The article reports on A.M. Best's 2008 annual review of insuranceauditors and actuaries of North America. Data showed that top firms continue toexpand their dominance and the market for actuarial firms keeps on growing. Thearticlealso presents exhibits of the study, showing the largest players known as theBig Four and Top Six, which grow their market shares by nine percent and 5.9percent, respectively. Moreover, methods of conducting the study were alsopresented.: Business Source Corporate

    Letters Seek To Educate Treasury On Principles-Based Reserving. By: Connolly, Jim.National Underwriter / Life & Health Financial Services, 5/19/2008, Vol. 112 Issue 19,p8-40, 2p

    Abstract: The articlediscusses on the response made by the American Academy ofActuaries (AAA) to an IRS notice requesting input on the principles-based reservingsystem and actuarial guideline proposals in the U.S. According to the chairman of the

    AAA, Dave Sandberg, the letter is part of a dialogue and seeks to inform Treasury

    about technical details of the project. It points out the academy is trying to establishon the reserves that are designed to ensure the promised benefits that can be funded.: Business Source Corporate

    LTC InsuranceClaims Doubled From 2001 To 2005, SOA Finds. By: Thomas, Trevor.National Underwriter / Life & Health Financial Services, 1/14/2008, Vol. 112 Issue 2,p7-25, 2p

    Abstract: The article reports on the long term care (LTC) insurance claims thathave doubled from 2001 to 2005 in the U.S. According to the Society ofActuaries(SOA), LTC insurers are developing extensive experience in managing claims and

    policies, developing more details on claims exposure, claims paid and terminationrates. SOA found voluntary lapse rates by policy holders dropped to 5.5% in theperiod 1985-2005.: Business Source Corporate

    Meetings. Best's Review, Oct2008, Vol. 109 Issue 6, p12-12, 1/3pAbstract: A calendar of events related to the insurance industry in the U.S. fromOctober 15-November 7, 2008 is presented which includes the annual insuranceratings conference, the American Land Title Association annual convention and theSociety ofActuariesannual meeting.

    : Business Source Corporate

    Bank of Greece Library Section,Actuaries in insurance, October 2010 6

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    New Laws Toughen Regulation of WC Trusts. By: Best, Jessica. InsuranceAdvocate,6/30/2008, Vol. 119 Issue 13, p12-13, 2p

    Abstract: The article reports on the new legislation that strengthen the group self-insured trusts in New York. The legislation includes regular review of trust finances by

    independent actuaries, heightened penalties for misconduct, and establishment ofprocedures to ensure that underfunded trusts become fully funded. It also addressedthe strain on the worker's compensation system as a result of a handful of group self-insurers that have been defaulted.: Business Source Corporate

    New Valuation Manual Could Expand Reinsurance Offerings. By: Connolly, Jim.National Underwriter / Life & Health Financial Services, 3/3/2008, Vol. 112 Issue 8,pS8-S9, 2p

    Abstract: The articlefocuses on the capability of the new Valuation Manual (VM-20)to expand the offering of reinsurance products in the U.S. It was stated that the newmanual is an actuarial guideline used to enact principles-based reserving (PBR), anapproach for reducing redundant reserves. PBR would allow companies to effectivelyreflect risks and admit new reinsurance products that transfer risk. The disapproval ofthe manual by several key states, such as Florida and New York, is discussed.: Business Source Corporate

    Older Age Life Underwriting Needs New Approach, Life Conference Told. By: Koco,Linda. National Underwriter / Life & Health Financial Services, 4/14/2008, Vol. 112Issue 14, p8-25, 2p

    Abstract: The article reports that the majority of life underwriters in the U.S. saidthey considered people who are 60 to 65 years old in the older age group. LynnRuezinsky, associate actuarywith Metlife, said in a life insuranceworkshop that themaximum was age 80 in the 2000 survey, but age 85 in the 2006 survey. Ruezinsky'sdata came from a survey of key chief underwriters about older age underwriting.: Business Source Corporate

    Bank of Greece Library Section,Actuaries in insurance, October 2010 7

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    On a Dividend Strategy of Insurance CompaniesAuthor: Potocky, RastislavAuthor Affiliation: FMPI Comenius USource: Ekonomie a Management, 2008, v. 11, iss. 4, pp. 103-09Publication Date: 2008

    Abstract: The problem of finding the optimal dividend strategy is very important forinsurancecompanies. In order to solve this problem, a discounted cash flow model

    has been used which is a special case of valuation models. We analyse the surplus ofan insurancecompany with attention focused on probability of ruin. The usualstrategy of insurers to allow the surplus to go to infinity in order to avoid ruin hasbeen criticised by several economists (De Finetti and others) as too conservative. Inthe paper, we discuss the so-called barrier strategy for treating the surplus of aninsurancecompany and show how dividends are paid out in the case the surplus isgreater than a predetermined value of the barrier. We present the expecteddiscounted sum of dividends and show for which value of the barrier this sum willattain the greatest value. In the first part of the paper, the problem is analysed indetails provided that claims are exponentially distributed. The purpose of the paper isto solve the same situation, however, for the so-called large claims. It is well knownthat the ruin problem which is closely related to the dividend strategy problem leadsto different results for such claims. On the other hand, insurancecompanies are nowconfronted with such claims more often than before. Let us mention catastrophicfloods, earthquakes, etc., which cannot be modelled by exponential and similardistributions. The problem of non-identically distributed claims is also treated. The lastsection of the paper deals with the question how the dividend strategy should bechanged after ruin happens. A solution is mentioned suggested by several actuariesthat instead of maximizing the expected discounted sum of dividends the differencebetween them and the deficit at ruin should be maximized. At the end, our attentionis paid to the questions of parameter estimation and the choice of a proper claim

    distribution.: EconLit w ith Full Text

    Want to Be in a Health Plan? Think Like One. By: Den Bos, Jill Van. PharmaceuticalExecutive, May2008, Vol. 28 Issue 5, p36-38, 2p

    Abstract: The article reports on the benefits of pharmacoactuarial analysis to drugcompanies in the U.S. The analysis produces economic models that help themcommunicate the value of treatment to health plans as well as meet the guidelines ofthe Academy of Managed Care Pharmacy (AMCP). The models incorporate actuarialinputs or techniques in the assessment of per-member per-month (PMPM) cost

    adequate to the premium that covers the claims and other expenses.: Business Source Corporate

    Bank of Greece Library Section,Actuaries in insurance, October 2010 8

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    Articles from ABI / INFORM Complete

    2010

    ACA calls for meeting with Webb to discuss BillCheek, Sebastian. Professional Pensions(Jun 17, 2010):7

    Actuaries Support Federal Systemic Risk Regulator, Anticipate SignificantRole for State Insurance RegulatorsAnonymous. PR Newswire [New York] 05 May 2010

    Allianz Life's Dave Sandberg Named President-Elect of American Academyof ActuariesAnonymous. Business Wire [New York] 07 Oct 2010

    American Academy of Actuaries; Actuaries Support Federal Systemic RiskRegulator, Anticipate Significant Role for State Insurance RegulatorsAnonymous. Investment Weekly News(May 22, 2010)

    CERA: (Out) Running The RiskGorski, Dennis. Best's Review111.1 (May 2010):52-53

    Department of Insurance begins reviewing rate filingsBobby Caina Calvan. McClatchy - Tribune Business News [Washington] 16June 2010

    Market Share for Top-Ranking Firms Remains Steady in 2008Demyanovich, Carol; King, Carole Ann. Best's Review110.9 (Jan 2010):27-28

    MODELING AND EVALUATING INSURANCE LOSSES VIA MIXTURES OFERLANG DISTRIBUTIONSLee, Simon C K; Lin, X Sheldon. North American Actuarial Journal14.1(2010):107-130

    Pension outlook not as bleak as expectedHarder, Danielle. Canadian HR Reporter23.3 (Feb 8, 2010):1,15

    Safe and SoundBennett, Nancy. Best's Review 110.9 (Jan 2010):70-72

    Bank of Greece Library Section,Actuaries in insurance, October 2010 9

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    2009

    Actuarial merger plans are halted as crucial vote failsTowler, Jenna. Professional Pensions(Jul 30, 2009):6

    Actuaries urged to back DB risk sharingDunkley, Emma. Professional Pensions(Mar 26, 2009):4

    THE BEVERIDGE REPORTBeveridge, Alex. Professional Pensions(Feb 12, 2009):6

    Dynamic Financial Analysis in the Insurance IndustryShiu, Yung-ming. Geneva Papers on Risk & Insurance34.2 (Apr 2009):175-196

    External Actuary Use Grows While Top Four Auditors Claim 72.4% ofMarketKlinger, Stephen Brown. Best's Review109.9 (Jan 2009):65-67

    FAST MOVING ACTUARYAnonymous. Professional Pensions (Aug 13, 2009):19

    FAST MOVING ACTUARYAnonymous. Professional Pensions (Jun 4, 2009):28

    Financial Assistance Scheme rowTowler, Jenna. Professional Pensions(Apr 9, 2009):3

    HACL fined 875,000 for data lossLegorano, Giovanni. Professional Pensions(Aug 27, 2009):18

    Inside InformationChordas, Lori. Best's Review110.3 (Jul 2009):68-72

    POB seeks additional quality assurance

    Stapleton, Jonathan. Professional Pensions(Jan 15, 2009):8

    Rebel actuaries suffer setback over mergerTowler, Jenna. Professional Pensions(Jul 2, 2009):3

    Rebel actuaries to hold crisis meeting ahead of merger voteTowler, Jenna. Professional Pensions(Jun 18, 2009):1

    Scope of FSA penalties on the increaseStapleton, Jonathan. Professional Pensions(Aug 27, 2009):18

    STRATEGIES FOR DIVIDEND DISTRIBUTION: A REVIEWAvanzi, Benjamin. North American Actuarial Journal13.2 (2009):217-251

    Bank of Greece Library Section,Actuaries in insurance, October 2010 10

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    2008

    ACTUARIAL INSIGHT INTO ERMMoody, Michael J, MBA, ARM. Rough Notes151.5 (May 2008):38-39

    Adjust 17Davison, David. Financial Management (Nov 2008):16

    AN 'ASOP' FABLE: THE ILLUSION OF MARKET VALUEFindlay, Gary. Pensions & Investments36.23 (Nov 10, 2008):12,35.

    A.M. Best Co.; A.M. Best Special Report: Trend in Use of External ActuariesIncreases in a Monopolistic MarketAnonymous. Investment Weekly News (Nov 8, 2008)

    A.M. Best Special Report: Trend in Use of External Actuaries Increases in aMonopolistic MarketAnonymous. Business Wire [New York] 22 Oct 2008

    "Asset Allocation with Hedge Funds on the Menu," Phelim Boyle and SunSiang Liew, October 2007Siu, Tak Kuen. North American Actuarial Journal12.2 (Apr 2008):213-215.

    Client relations set actuaries apartMiner, William J. Business Insurance42.11 (Mar 17, 2008):26-27.

    Conseco, Inc.; Farley Joins Conseco as Senior Vice President, Annuity andLife ActuaryAnonymous. Business & Finance Week (Jun 23, 2008)

    Current affairs: Setting standards for best practiceAnonymous. PensionsWeek(Jun 16, 2008):n/a.

    DISEASE MANAGEMENT value continues to growLewis, Al. Managed Healthcare Executive18.9 (Sep 2008):2

    Farley Joins Conseco as Senior Vice President, Annuity and Life ActuaryAnonymous. PR Newswire [New York] 12 June 2008

    How the CMI sprang to lifeInvestors Chronicle(Feb 27, 2008):n/a.

    Insurance Auditors and Actuaries Of North America-2008Klinger, Stephen Brown. Best's Review108.9 (Jan 2008):75.

    Parks Accepts Gavel to Lead American Academy of Actuaries, Schobel toFollowAnonymous. PR Newswire [New York] 28 Oct 2008

    Bank of Greece Library Section,Actuaries in insurance, October 2010 11

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    Pioneers of Financial Economics. Volume 2: Twentieth-CenturyContributionsShiu, Elias S W, ASA, PhD. North American Actuarial Journal12.3 (Jul2008):343.

    PPA's Single-Employer Funding Rules-You Can't Leave Them to the Plan's

    ActuarySirkin, Stuart A. Journal of Deferred Compensation13.3 (Spring 2008):1-35.

    PREDICTIVE MODELING OF COSTS FOR A CHRONIC DISEASE WITH ACUTEHIGH-COST EPISODESRosenberg, Marjorie A; Farrell, Philip M. North American Actuarial Journal12.1 (Jan 2008):1-18.

    THE PRICING OF CREDIT DEFAULT SWAPS UNDER A MARKOV-MODULATED

    MERTON'S STRUCTURAL MODELSiu, Tak Kuen; Erlwein, Christina; Mamon, Rogemar S. North AmericanActuarial Journal 12.1 (Jan 2008):19-46.

    SOA sees rewards of taking risk on PRBrune, Adrian. PRweek11.5 (Feb 4, 2008):7.

    Bank of Greece Library Section,Actuaries in insurance, October 2010 12

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    Articles from Factiva

    FactivaDow Jones

    2010

    Allianz Life's Dave Sandberg Appointed P resident-Elect of American Academy of ActuariesHealth & Beauty Close-Up, 11 October 2010, 273 words, (English)Allianz Life Insurance Company of North America announced that David Sandberg, VP and corporateactuary, was elected president-elect for the American Academy of Actuaries by its board of directors.

    A.M. Best Co. A.M. Best Releases 2010 Best's Directories of Recommended I nsurance Attorneys

    and AdjustersInsurance Weekly News, 29 January 2010, 246 words, (English)

    2010 JAN 29 - (VerticalNews.com) -- A.M. Best Co. has released the 2010 print edition of Best'sDirectories of Recommended Insurance Attorneys and Adjusters. For over 80 years, the Directories serieshas been the premier reference tool for ...

    A.M. Best Releases 2010 Best's Directories of Recommended Insurance Attorneys and

    AdjustersBusiness Wire, 19:55, 11 January 2010, 236 words, (English)OLDWICK, N.J. - (BUSINESS WIRE) - A.M. Best Co. has released the 2010 print edition of Best'sDirectories of Recommended Insurance Attorneys and Adjusters. For over 80 years, the Directories serieshas been the premier reference tool for ...

    THE FIRST ISSUE OF "ACTUARY" OF ARMENIAN ASSOCIATION OF ACTUARIES WAS PUBLI SHEDARKA - News (Armenia), 15 March 2010, 193 words, (English)INSURANCE YEREVAN, March 15. /ARKA/. Presentation of first issue of specialized journal "Actuary" for

    the specialists of mathematical insurance statistics studying development of scientific methods ofinsurance tariff calculation, rates and ...

    IRDA CLEARS IPO GUIDELINES; SEBI N OD EXPECTED SHORTLY (I RDA has come out w ith

    valuation norms fo r the insurers in consultation w ith the...Indian Business Insight, 12 July 2010, 106 words, (English)The Insurance Regulatory and Development Authority (IRDA) has finalised the initial public offering (IPO)guidelines for insurance companies. IRDA has referred the guidelines to Securities and Exchange Board ofIndia (SEBI) for final ...

    IRDA CLEARS IP O RULES FOR INSURERS (referred to capital market regulator for approval) Indian Business Insight, 12 July 2010, 84 words, (English)The Insurance Regulatory and Development Authority has finalised the guidelines for initial publicofferings by insurance companies and referred the rules to the Securities and Exchange Board of India forapproval. The valuation norms for ...

    SIX INSURANCE COMPANY EXECS PASS APPRAI SAL BY STATE INSURANCE SUPERVISIONSERVICEAzer-Press (Azerbaijan), 15 February 2010, 155 words, (English)Economics BAKU, 15 FEBRUARY, AZER PRESS. The 9 execs of 6 local insurance companies passed theprofessional appraisal by the State Insurance Supervision Service of the ministry of finance clearing themfor leading managerial positions in ...

    Bank of Greece Library Section,Actuaries in insurance, October 2010 13

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    2009

    Actuaries have fun w ith a little greaseAustralian Financial Review (Abstracts), 1 September 2009, 96 words, (English)Kaise Stephan, chief actuary at reinsurer Munich Re trained for 2 and a half years before swimming

    through the English Channel. He raised $160,000 for the oncology unit at the Children's Hospital atWestmead, and is expected to win the ...

    Eckler Ltd. Signs Multi-Year Deal f or ADVI SE() and GEMS() Solutions from DFA ; Cites

    In tegration of Economic Modeling and Insurance...Business Wire, 15:00, 15 December 2009, 618 words, (English)PURCHASE, N.Y. & COLOGNE, Germany - (BUSINESS WIRE) - DFA Capital Management Inc. (DFA), aleading provider of Enterprise Risk Management (ERM) solutions, today announced that Eckler Ltd., aleading Canadian-based consulting and ...

    Eckler signs multi-year contract with DFA Capital ManagementDatamonitor News and Comment, 17:25, 16 December 2009, 195 words, (English)Eckler, a Canadian consulting and actuarial firm, has signed a multi-year contract with DFA Capital

    Management for its GEMS Economic Scenario Generator and Advise Advanced Stochastic modelingplatforms.

    Insurance RecruitersBest's Review, 1 April 2009, 2339 words, (English)(Best's Review) - AJC Search Associates Ltd., 15 Grand Ave., Baldwin, NY 11510. Jay Cohen; E-mail:[email protected]; Phone: 516-766-1699; Expertise: Actuaries, Pension Attorneys, Insurance BrokerageProducers and Account Managers.

    Irda sees greater role for actuaries in risk firms ; The Insu rance Regulatory and DevelopmentAuthority (Irda) has called for...Business Standard, 18 August 2009, 178 words, (English)The Insurance Regulatory and Development Authority (Irda) has called for a greater role for actuaries in

    general insurance companies and has said that the financial viability of all products must be certified bythem.

    Motor takaful - The reality of underw riting motor insurance business in Bahrain Middle East Insurance Review, 1 November 2009, 1579 words, (English)Are direct insurers underwriting or undercutting the motor insurance business in Bahrain? This is aquestion posed by Mr Prakash Bhawnani, Assistant General Manager of Solidarity Takaful, as he examinesincreasing losses in the sector.

    Official w ants to make owners responsible for insurers' violationsPrime-TASS News (Russia), 18:14, 15 July 2009, 99 words, (English)MOSCOW, Jul 15 (Prime-Tass) -- Alexander Koval, head of Russia's Federal Service for InsuranceOversight, proposed Wednesday passing a law making shareholders of insurance companies responsiblefor violations made by these companies.

    Pak istan: Actuary shortage haunts Indian insurers The Financial Daily, 5 October 2009, 297 words, (English)NEW DELHI: The lack of actuaries in insurance companies in India, especially in the non-life insurancesector, could mean that premiums are incorrectly fixed, resulting in heavy underwriting losses, accordingto the media.

    2010 Factiva, Inc. All rights reserved.

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