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Housing in Retirement Monograph
- SOA Monograph M–FI09
- This monograph provides varied perspectives on housing and retirement issues of concern to financial professionals, policymakers, and homeowners, among others. The monograph was the result of a call for papers issued by the Society of Actuaries in June 2008 and coincided with the bursting of the housing price bubble occurring at that time. The papers in the monograph explore issues including the role of housing wealth in financing retirement, recent trends in the use of housing wealth and the extent of the risk posed by adjustable rate mortgages and predatory loan practices.
- (Date Posted–September 10, 2009)
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- By Jim Toole, FSA, MAAA
- SOA Monograph M–FI03–1
- This monograph is aimed at an international audience and presents an overview of the process unique to insurance mergers and acquisitions and the actuary involved in them. Topics include the key elements of actuarial appraisal models, the various considerations of the sale process from both the buyer's and the seller's perspective, the developments of economic and actuarial assumptions, and the three traditional elements of appraisal value.
(Date Posted–January 24, 2003) -
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- By Dr. Krzysztof M. Ostaszewski
- SOA Monograph M–FI02–1
- The purpose of this work is to analyze the asset–liability management (ALM) process in the financial intermediation industry, especially among insurers, from the perspective of what is known about capital markets and practiced in financial engineering. This monograph strives to define a mission for the modern insurance industry, its place in the financial intermediation network, and the role of ALM in that mission. This paper reveals a positive bias towards philosophy, but it is hoped that some philosophical questions addressed here will eventually prove themselves to be worthy of practical consideration.
(Date Posted – January 30, 2003) -
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- SOA Monograph M–FI97–1
- The 1995 Bowles Symposium provided a forum for exploring the following: interplay between capital markets and insurance; insurance futures; and actuarial bridge between insurance and finance. The symposium was intended to promote an understanding of the basic ideas of securitization and to discuss the fundamentals of new emerging products.
(Date Posted–July 1, 2002) -
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- By Price Waterhouse LLP
- SOA Monograph M–FI96–2
- The purpose of this study was to perform a public service by providing a foundation for decisions about Public Financial Guarantee Programs (PFGPs). The research can also be the basis for additional actuarial involvement in planning and managing PFGPs.
(Date Posted–July 18, 2002)
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