Issue 4/2010

Actuaries in insurance

Economic Research Department

Library Section
 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: Cover’s picture “The Yellow Books, c.1887” belongs to Vincent Van Gogh (1853-1890)

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

 Introduction
The present bibliography on “Actuaries in insurance” includes full text articles from the
databases:
ƒ Business Source Corporate & EconLit with Full Text: articles published from
2008 until May 2010
ƒ ABI / Inform Complete: articles published from 2008 until October 2010
ƒ 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:
ƒ keywords “Actuaries” 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:
ƒ keywords “Actuaries” 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:
ƒ keywords “Actuaries” 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:
ƒ 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 article’s title.
The bibliographic references of articles derived from ABI / Inform Complete include the
following data:
ƒ Title, author, journal title, issue and number, date of publication, pages. Retrieval of full
text can be done by Library’s workstations.
The bibliographic references of articles derived from Factiva include the following data:
ƒ Title, journal or newspaper title and date of publication. Retrieval of full text can be
done by Library’s workstations.

Edited by

Eva Semertzaki Mari Konstantinidou

tel.: 210-320 2396 tel.: 210-320 3129
e-mail: esemertzaki@bankofgreece.gr e-mail: mkonstantinidou@bankofgreece.gr

Maria Gavrili
tel.: 210-320 2426
e-mail: mgavrili@bankofgreece.gr

Athens, October 2010

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

 Articles from Business Source Corporate & EconLit with
Full Text

2010

CERA: (Out) Running The Risk. By: Gorski, Dennis. Best's Review, May2010, Vol. 111
Issue 1, p52-53, 2p
Abstract: The article discusses the development of Chartered Enterprise Risk
Analyst (CERA) professional designation by the Society of Actuaries (SOA) in Illinois.
SOA is the largest domestic professional organization of its kind, considered as the
beacon in the insurance industry because of its achievements in the field of
underwriting. CERA identifies high-caliber risk management professionals and
recognizes that risk is a constant threat to all companies.
Πηγή: Business Source Corporate

2009

Actuaries Should Explore Alternative Approaches. Insurance Advocate, 4/20/2009,

Vol. 120 Issue 8, p32-32, 2/3p
Abstract: The article reports on the assertion by Ian Ayres, a lawyer and economist
in the U.S., that actuaries should explore alternative approaches. At the Casualty
Actuarial Society Ratemaking Seminar, he said that non-traditional approaches to
predictive analysis may have a role for actuaries. He mentioned the ability of
Epagogix to predict the box office success of movies through the use of the neural
network model.
Πηγή: Business Source Corporate

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

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

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

Dynamic Financial Analysis in the Insurance Industry
Author: Shiu, Yung-Ming
Author Affiliation: National Cheng Kung U
Source: Geneva Papers on Risk and Insurance: Issues and Practice, April 2009, v.
34, iss. 2, pp. 175-96
Publication 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 insurance
industry. The objective of this paper is to provide insights into the practices. The
investigation is conducted via a field study in five U.K. insurance companies. An
example is given to illustrate how DFA works in general. The results highlight key
matters that actuaries emphasise when carrying out dynamic financial analysis. This
paper sets out important implications that insurance regulators and the actuarial
profession can take into account as they refine their supervisory and regulatory
regime.
Πηγή: EconLit with Full Text

External Actuary Use Grows While Top Four Auditors Claim 72.4% of Market. (cover
story) By: Klinger, Stephen Brown. Best's Review, Jan2009, Vol. 109 Issue 9, p65-67,
3p
Abstract: The article presents a study the from A.M. Best Co. Inc.'s annual review
of the auditor and actuarial markets which showed that top firms in the U.S. and
Canada remained dominant. The study included 2007 statutory filings submitted to
A.M. Best for 3,933 American and Canadian insurance companies. It was found that
the leading audit firm is PricewaterhouseCoopers LLP, while the leading actuarial firm
is Milliman Inc.
Πηγή: 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 of
integrated 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 categories
and specific types of risks identified, observations from Society of Actuaries research
about the extent to which they are recognized and acted upon, and challenges that
gaps in financial literacy create for managing them. Recommendations to improve
financial literacy through employers and others providing benefit guidance are also
discussed. The recommendations draw upon testimony presented to the Employee
Retirement Income Security Act (ERISA) Advisory Council in 2007. [ABSTRACT FROM
AUTHOR]
Πηγή: Business Source Corporate

Bank of Greece Library Section, Actuaries in insurance, October 2010 4

 2008

20 Questions. By: Oberholtzer, Marc. Best's Review, Jan2008, Vol. 108 Issue 9, p70-
73, 4p
Abstract: The article discusses 20 questions an audit committee member can ask to
actuaries to improve their understanding of the loss-reserving process in the
insurance industry in the U.S. It stated that a member can ask who are the principal
actuaries in the process, the structure of the team and the significant judgments and
assumptions used in the loss-reserving process. Meanwhile, the role played by
actuaries in the sector is also discussed.
Πηγή: Business Source Corporate

THE CONTROVERSY. Advisor Today, Apr2008, Vol. 103 Issue 4, p16-16, 1/5p
Abstract: The article focuses on the controversy on secondary-guaranteed life
insurance products (SGP) in the U.S. The controversy involves reserves companies
that sell these products, trying to meet their long-term promises. It has been claimed
that 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 SGP
may cause long-term financial impairments to their reserves and create risk for policy
owners.
Πηγή: Business Source Corporate

Designing a social security pension system. By: Brown, Robert L.. International Social
Security 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 more
particularly) to outline the issues involved in attempting to design a “good” social
security pension system. Of course, one of the issues is the definition of “good”. This
paper will use criteria such as poverty alleviation, retirement income adequacy,
benefit/contribution sustainability, income equality and wealth distribution. In the
course of the discussion, the reader will be exposed to many issues that need to be
addressed 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 (and
even for evolving systems). It is also hoped that future students of social security will
find this paper helpful in that it is meant to lay out some basic principles consistent
with good social security pension design. [ABSTRACT FROM AUTHOR]
Πηγή: Business Source Corporate

Disability cover is important. By: Marx, Petrie. Finweek, 11/20/2008, p26-26, 1p

Abstract: The article focuses on the perspective of Petrie Marx, product actuary at
Glacier, concerning the importance of disability cover. Marx said the greatest need is
among younger people, who want to ensure their families are looked after for
anything up to many years. He argued that disability cover is not expensive, but is
cost effective if a client takes it out at a young age, since it becomes more expensive
the older he or she gets.
Πηγή: Business Source Corporate

Bank of Greece Library Section, Actuaries in insurance, October 2010 5

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," a
comprehensive list of reinsurers in the life, health, annuities and accident lines of
business. It was stated that the directory offers an alphabetical listing of reinsurance
providers surveyed by the journal "National Underwriter" and the reinsurance section
of the Society of Actuaries. In addition, the directory offers other information about
reinsurers, including one about how reinsurers work with their customers.
Πηγή: Business Source Corporate

Insurance Auditors and Actuaries Of North America--2008. By: Klinger, Stephen

Brown. Best's Review, Jan2008, Vol. 108 Issue 9, p75-75, 1p
Abstract: The article reports on A.M. Best's 2008 annual review of insurance
auditors and actuaries of North America. Data showed that top firms continue to
expand their dominance and the market for actuarial firms keeps on growing. The
article also presents exhibits of the study, showing the largest players known as the
Big Four and Top Six, which grow their market shares by nine percent and 5.9
percent, respectively. Moreover, methods of conducting the study were also
presented.
Πηγή: 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 article discusses on the response made by the American Academy of
Actuaries (AAA) to an IRS notice requesting input on the principles-based reserving
system 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 establish
on the reserves that are designed to ensure the promised benefits that can be funded.
Πηγή: Business Source Corporate

LTC Insurance Claims 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 that
have doubled from 2001 to 2005 in the U.S. According to the Society of Actuaries
(SOA), LTC insurers are developing extensive experience in managing claims and
policies, developing more details on claims exposure, claims paid and termination
rates. SOA found voluntary lapse rates by policy holders dropped to 5.5% in the
period 1985-2005.
Πηγή: Business Source Corporate

Meetings. Best's Review, Oct2008, Vol. 109 Issue 6, p12-12, 1/3p

Abstract: A calendar of events related to the insurance industry in the U.S. from
October 15-November 7, 2008 is presented which includes the annual insurance
ratings conference, the American Land Title Association annual convention and the
Society of Actuaries annual meeting.
Πηγή: Business Source Corporate

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

New Laws Toughen Regulation of WC Trusts. By: Best, Jessica. Insurance Advocate,
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 of
procedures to ensure that underfunded trusts become fully funded. It also addressed
the strain on the worker's compensation system as a result of a handful of group self-
insurers that have been defaulted.
Πηγή: 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 article focuses 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 new
manual is an actuarial guideline used to enact principles-based reserving (PBR), an
approach for reducing redundant reserves. PBR would allow companies to effectively
reflect risks and admit new reinsurance products that transfer risk. The disapproval of
the manual by several key states, such as Florida and New York, is discussed.
Πηγή: 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. 112
Issue 14, p8-25, 2p
Abstract: The article reports that the majority of life underwriters in the U.S. said
they considered people who are 60 to 65 years old in the older age group. Lynn
Ruezinsky, associate actuary with Metlife, said in a life insurance workshop that the
maximum was age 80 in the 2000 survey, but age 85 in the 2006 survey. Ruezinsky's
data came from a survey of key chief underwriters about older age underwriting.
Πηγή: Business Source Corporate

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

On a Dividend Strategy of Insurance Companies
Author: Potocky, Rastislav
Author Affiliation: FMPI Comenius U
Source: Ekonomie a Management, 2008, v. 11, iss. 4, pp. 103-09
Publication Date: 2008
Abstract: The problem of finding the optimal dividend strategy is very important for
insurance companies. 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 of
an insurance company with attention focused on probability of ruin. The usual
strategy of insurers to allow the surplus to go to infinity in order to avoid ruin has
been criticised by several economists (De Finetti and others) as too conservative. In
the paper, we discuss the so-called barrier strategy for treating the surplus of an
insurance company and show how dividends are paid out in the case the surplus is
greater than a predetermined value of the barrier. We present the expected
discounted sum of dividends and show for which value of the barrier this sum will
attain the greatest value. In the first part of the paper, the problem is analysed in
details provided that claims are exponentially distributed. The purpose of the paper is
to solve the same situation, however, for the so-called large claims. It is well known
that the ruin problem which is closely related to the dividend strategy problem leads
to different results for such claims. On the other hand, insurance companies are now
confronted with such claims more often than before. Let us mention catastrophic
floods, earthquakes, etc., which cannot be modelled by exponential and similar
distributions. The problem of non-identically distributed claims is also treated. The last
section of the paper deals with the question how the dividend strategy should be
changed after ruin happens. A solution is mentioned suggested by several actuaries
that instead of maximizing the expected discounted sum of dividends the difference
between them and the deficit at ruin should be maximized. At the end, our attention
is paid to the questions of parameter estimation and the choice of a proper claim
distribution.
Πηγή: EconLit with Full Text

Want to Be in a Health Plan? Think Like One. By: Den Bos, Jill Van. Pharmaceutical
Executive, May2008, Vol. 28 Issue 5, p36-38, 2p
Abstract: The article reports on the benefits of pharmacoactuarial analysis to drug
companies in the U.S. The analysis produces economic models that help them
communicate the value of treatment to health plans as well as meet the guidelines of
the Academy of Managed Care Pharmacy (AMCP). The models incorporate actuarial
inputs or techniques in the assessment of per-member per-month (PMPM) cost
adequate to the premium that covers the claims and other expenses.
Πηγή: Business Source Corporate

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

 Articles from ABI / INFORM Complete

2010

ACA calls for meeting with Webb to discuss Bill

Cheek, Sebastian. Professional Pensions(Jun 17, 2010):7

Actuaries Support Federal Systemic Risk Regulator, Anticipate Significant

Role for State Insurance Regulators
Anonymous. PR Newswire [New York] 05 May 2010

Allianz Life's Dave Sandberg Named President-Elect of American Academy

of Actuaries
Anonymous. Business Wire [New York] 07 Oct 2010

American Academy of Actuaries; Actuaries Support Federal Systemic Risk

Regulator, Anticipate Significant Role for State Insurance Regulators
Anonymous. Investment Weekly News(May 22, 2010)

CERA: (Out) Running The Risk

Gorski, Dennis. Best's Review 111. 1 (May 2010):52-53

Department of Insurance begins reviewing rate filings

Bobby Caina Calvan. McClatchy - Tribune Business News [Washington] 16
June 2010

Market Share for Top-Ranking Firms Remains Steady in 2008

Demyanovich, Carol; King, Carole Ann. Best's Review 110. 9 (Jan 2010):27-
28

MODELING AND EVALUATING INSURANCE LOSSES VIA MIXTURES OF

ERLANG DISTRIBUTIONS
Lee, Simon C K; Lin, X Sheldon. North American Actuarial Journal 14. 1
(2010):107-130

Pension outlook not as bleak as expected

Harder, Danielle. Canadian HR Reporter 23. 3 (Feb 8, 2010):1,15

Safe and Sound

Bennett, Nancy. Best's Review 110. 9 (Jan 2010):70-72

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

 2009

Actuarial merger plans are halted as crucial vote fails

Towler, Jenna. Professional Pensions(Jul 30, 2009):6

Actuaries urged to back DB risk sharing

Dunkley, Emma. Professional Pensions(Mar 26, 2009):4

THE BEVERIDGE REPORT

Beveridge, Alex. Professional Pensions(Feb 12, 2009):6

Dynamic Financial Analysis in the Insurance Industry

Shiu, Yung-ming. Geneva Papers on Risk & Insurance 34. 2 (Apr 2009):175-
196

External Actuary Use Grows While Top Four Auditors Claim 72.4% of
Market
Klinger, Stephen Brown. Best's Review 109. 9 (Jan 2009):65-67

FAST MOVING ACTUARY

Anonymous. Professional Pensions (Aug 13, 2009):19

FAST MOVING ACTUARY

Anonymous. Professional Pensions (Jun 4, 2009):28

Financial Assistance Scheme row

Towler, Jenna. Professional Pensions(Apr 9, 2009):3

HACL fined £875,000 for data loss

Legorano, Giovanni. Professional Pensions(Aug 27, 2009):18

Inside Information
Chordas, Lori. Best's Review 110. 3 (Jul 2009):68-72

POB seeks additional quality assurance

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

Rebel actuaries suffer setback over merger

Towler, Jenna. Professional Pensions(Jul 2, 2009):3

Rebel actuaries to hold crisis meeting ahead of merger vote

Towler, Jenna. Professional Pensions(Jun 18, 2009):1

Scope of FSA penalties on the increase

Stapleton, Jonathan. Professional Pensions(Aug 27, 2009):18

STRATEGIES FOR DIVIDEND DISTRIBUTION: A REVIEW

Avanzi, Benjamin. North American Actuarial Journal 13. 2 (2009):217-251

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

 2008

ACTUARIAL INSIGHT INTO ERM

Moody, Michael J, MBA, ARM. Rough Notes 151. 5 (May 2008):38-39

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

AN 'ASOP' FABLE: THE ILLUSION OF MARKET VALUE

Findlay, Gary. Pensions & Investments 36. 23 (Nov 10, 2008):12,35.

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

A.M. Best Special Report: Trend in Use of External Actuaries Increases in a

Monopolistic Market
Anonymous. Business Wire [New York] 22 Oct 2008

"Asset Allocation with Hedge Funds on the Menu," Phelim Boyle and Sun
Siang Liew, October 2007
Siu, Tak Kuen. North American Actuarial Journal 12. 2 (Apr 2008):213-215.

Client relations set actuaries apart

Miner, William J. Business Insurance 42. 11 (Mar 17, 2008):26-27.

Conseco, Inc.; Farley Joins Conseco as Senior Vice President, Annuity and
Life Actuary
Anonymous. Business & Finance Week (Jun 23, 2008)

Current affairs: Setting standards for best practice

Anonymous. PensionsWeek(Jun 16, 2008):n/a.

DISEASE MANAGEMENT value continues to grow

Lewis, Al. Managed Healthcare Executive 18. 9 (Sep 2008):2

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

How the CMI sprang to life

Investors Chronicle(Feb 27, 2008):n/a.

Insurance Auditors and Actuaries Of North America-2008

Klinger, Stephen Brown. Best's Review 108. 9 (Jan 2008):75.

Parks Accepts Gavel to Lead American Academy of Actuaries, Schobel to

Follow
Anonymous. PR Newswire [New York] 28 Oct 2008

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

Pioneers of Financial Economics. Volume 2: Twentieth-Century
Contributions
Shiu, Elias S W, ASA, PhD. North American Actuarial Journal 12. 3 (Jul
2008):343.

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

Actuary
Sirkin, Stuart A. Journal of Deferred Compensation 13. 3 (Spring 2008):1-
35.

PREDICTIVE MODELING OF COSTS FOR A CHRONIC DISEASE WITH ACUTE

HIGH-COST EPISODES
Rosenberg, Marjorie A; Farrell, Philip M. North American Actuarial Journal
12. 1 (Jan 2008):1-18.

THE PRICING OF CREDIT DEFAULT SWAPS UNDER A MARKOV-MODULATED

MERTON'S STRUCTURAL MODEL
Siu, Tak Kuen; Erlwein, Christina; Mamon, Rogemar S. North American
Actuarial Journal 12. 1 (Jan 2008):19-46.

SOA sees rewards of taking risk on PR

Brune, Adrian. PRweek 11. 5 (Feb 4, 2008):7.

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

 Articles from Factiva

Factiva
Dow Jones

2010

Allianz Life's Dave Sandberg Appointed President-Elect of American Academy of Actuaries

Health & Beauty Close-Up, 11 October 2010, 273 words, (English)
Allianz Life Insurance Company of North America announced that David Sandberg, VP and corporate
actuary, 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 Insurance Attorneys
and Adjusters
Insurance 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's
Directories of Recommended Insurance Attorneys and Adjusters. For over 80 years, the Directories series
has been the premier reference tool for ...

A.M. Best Releases 2010 Best's Directories of Recommended Insurance Attorneys and
Adjusters
Business 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's
Directories of Recommended Insurance Attorneys and Adjusters. For over 80 years, the Directories series
has been the premier reference tool for ...

THE FIRST ISSUE OF "ACTUARY" OF ARMENIAN ASSOCIATION OF ACTUARIES WAS PUBLISHED

ARKA - 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 of
insurance tariff calculation, rates and ...

IRDA CLEARS IPO GUIDELINES; SEBI NOD EXPECTED SHORTLY (IRDA has come out with
valuation norms for the insurers in consultation with 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 of
India (SEBI) for final ...

IRDA CLEARS IPO 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 public
offerings by insurance companies and referred the rules to the Securities and Exchange Board of India for
approval. The valuation norms for ...

SIX INSURANCE COMPANY EXECS PASS APPRAISAL BY STATE INSURANCE SUPERVISION

SERVICE
Azer-Press (Azerbaijan), 15 February 2010, 155 words, (English)
Economics BAKU, 15 FEBRUARY, AZER PRESS. The 9 execs of 6 local insurance companies passed the
professional appraisal by the State Insurance Supervision Service of the ministry of finance clearing them
for leading managerial positions in ...

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

 2009

Actuaries have fun with a little grease

Australian 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 at
Westmead, and is expected to win the ...

Eckler Ltd. Signs Multi-Year Deal for ADVISE(®) and GEMS(®) Solutions from DFA ; Cites
Integration 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), a
leading provider of Enterprise Risk Management (ERM) solutions, today announced that Eckler Ltd., a
leading Canadian-based consulting and ...

Eckler signs multi-year contract with DFA Capital Management

Datamonitor 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 modeling
platforms.

Insurance Recruiters
Best'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:
jay@ajcsearch.com; Phone: 516-766-1699; Expertise: Actuaries, Pension Attorneys, Insurance Brokerage
Producers and Account Managers.

Irda sees greater role for actuaries in risk firms ; The Insurance Regulatory and Development
Authority (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 by
them.

Motor takaful - The reality of underwriting 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 a
question posed by Mr Prakash Bhawnani, Assistant General Manager of Solidarity Takaful, as he examines
increasing losses in the sector.

Official wants to make owners responsible for insurers' violations

Prime-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 Insurance
Oversight, proposed Wednesday passing a law making shareholders of insurance companies responsible
for violations made by these companies.

Pakistan: 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 insurance
sector, could mean that premiums are incorrectly fixed, resulting in heavy underwriting losses, according
to the media.

© 2010 Factiva, Inc. All rights reserved.

Bank of Greece Library Section, Actuaries in insurance, October 2010 14