Judgment Call: Essentials of the Principles-Based Approach

It started as a way to calculate reserves for increasingly complex life insurance products, but the principles-based approach is about to revolutionize reserving in other forms of insurance as well.
by Robert DiRico


PBR: The Canadian Experience

While the idea of principles-based reserves may be evolving in the United States, itís been a way of life for most Canadian actuaries for the past 15 years.
by Ralph Ovsec





A Groundbreaking Agreement on International Accounting

Itís been a long time coming, and itís not finished yet, but the international agreement on insurance accounting will change the landscape for actuaries.
by Henry Siegel



A treasury of Vanderhoof
Irwin Vanderhoof's columns for Contingencies have been collected in one volume. Order "Through an Actuarial Looking Glass" for just $16.

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INSIDE TRACK
A Gentleman and a Scholar
Steve Sullivan

LETTERS

COMMENTARY
Why Bother With Going-Concern Pension Plan Valuations?
Lawrence N. Bader

UP TO CODE
Qualified ... or Not
William J. Falk

POLICY BRIEFING
Taking America's Pulse on Health Reform
Holly Kwiatkowski

WORKSHOP
Actuarial Figure Skating
Kyle Mrotek

TRADECRAFT
Having to Say You're Sorry: A More Efficient Medical Malpractice Insurance Model
Robert J. Walling and Shawna S. Ackerman

PUZZLES
Light Travel
Yan Fridman

ENDPAPER
In Praise of Downtime
Sam Gutterman