## Content

### June 2005, Volume 36, Issue 3

**347-364 Unifying framework for optimal insurance***by*Promislow, S.David & Young, Virginia R.**365-374 On a joint distribution for the risk process with constant interest force***by*Wu, Rong & Wang, Guojing & Zhang, Chunsheng**375-398 Optimal reinsurance under convex principles of premium calculation***by*Kaluszka, Marek**399-420 A numerical method to find the probability of ultimate ruin in the classical risk model with stochastic return on investments***by*Paulsen, Jostein & Kasozi, Juma & Steigen, Andreas**421-432 Weak convergence approach to compound Poisson risk processes perturbed by diffusion***by*Sarkar, Joykrishna & Sen, Arusharka**433-440 Controlled risk processes in discrete time: Lower and upper approximations to the optimal probability of ruin***by*Groniowska, Agnieszka & Niemiro, Wojciech**441-455 The pricing of liabilities in an incomplete market using dynamic mean-variance hedging***by*Thomson, Robert J.**456-468 On a correlated aggregate claims model with thinning-dependence structure***by*Wang, Guojing & Yuen, Kam C.**469-484 Cyclical risk exposure of pension funds: A theoretical framework***by*Menoncin, Francesco**485-498 Second order behaviour of ruin probabilities in the case of large claims***by*Baltru-nas, Aleksandras**499-516 Market value of life insurance contracts under stochastic interest rates and default risk***by*Bernard, Carole & Le Courtois, Olivier & Quittard-Pinon, Francois**517-518 Note on option pricing by actuarial considerations***by*Schmitz, Norbert

### April 2005, Volume 36, Issue 2

**119-135 Hierarchical Bayesian collective risk model: an application to health insurance***by*Migon, Helio S. & Moura, Fernando A.S.**137-152 Multivariate risk model of phase type***by*Cai, Jun & Li, Haijun**153-163 On modeling claim frequency data in general insurance with extra zeros***by*Yip, Karen C.H. & Yau, Kelvin K.W.**165-177 Bounds for the probability and severity of ruin in the Sparre Andersen model***by*Politis, Konstadinos**179-193 On the expected discounted penalty functions for two classes of risk processes***by*Li, Shuanming & Lu, Yi

### February 2005, Volume 36, Issue 1

**1-11 Worst-case scenario investment for insurers***by*Korn, Ralf**13-24 On the deficit distribution when ruin occurs--discrete time model***by*Gajek, Leslaw**25-35 On optimal investment and subexponential claims***by*Schmidli, Hanspeter**37-55 Pricing optional group term insurance: a new approach using reservation prices***by*Ramsay, Colin M.**57-77 The compound Poisson random variable's approximation to the individual risk model***by*Yang, Jingping & Zhou, Shulin & Zhang, Zhenyong**79-92 The valuation of unit-linked policies with or without surrender options***by*Shen, Weixi & Xu, Huiping**93-101 Degree of downside risk aversion and self-protection***by*Chiu, W.Henry**103-116 Optimal pension funding dynamics over infinite control horizon when stochastic rates of return are stationary***by*Haberman, Steven & Sung, Joo-Ho

### December 2004, Volume 35, Issue 3

**513-525 Ruin probabilities with a Markov chain interest model***by*Cai, Jun & Dickson, David C.M.**527-536 An extension of Arrow's result on optimality of a stop loss contract***by*Kaluszka, Marek**537-551 The premium and the risk of a life policy in the presence of interest rate fluctuations***by*Wang, Nan & Gerrard, Russell & Haberman, Steven**553-561 When does surplus reach a certain level before ruin?***by*Zhou, Xiaowen**563-579 On the generalization of Esscher and variance premiums modified for the elliptical family of distributions***by*Landsman, Zinoviy**581-594 A comonotonic image of independence for additive risk measures***by*Goovaerts, Marc J. & Kaas, Rob & Laeven, Roger J.A. & Tang, Qihe**595-609 Ordering optimal proportions in the asset allocation problem with dependent default risks***by*Cheung, Ka Chun & Yang, Hailiang**611-625 An efficient frontier for participating policies in a continuous-time economy***by*Iwaki, Hideki & Yumae, Shoji**627-647 Non-life rate-making with Bayesian GAMs***by*Denuit, Michel & Lang, Stefan**649-677 Analytically calibrated Box-Cox percentile limits for duration and event-time models***by*Yang, Zhenlin & Tsui, Albert K.**679-690 A Malliavin calculus approach to sensitivity analysis in insurance***by*Privault, Nicolas & Wei, Xiao**691-701 On a class of renewal risk models with a constant dividend barrier***by*Li, Shuanming & Garrido, Jose**703-714 On the distribution of surplus immediately after ruin under interest force and subexponential claims***by*Wang, Rongming & Yang, Hailiang & Wang, Hanxing

### October 2004, Volume 35, Issue 2

**185-185 Preface***by*Quittard-Pinon, Francois & Serant, Daniel**187-203 Another look at the Picard-Lefevre formula for finite-time ruin probabilities***by*Rulliere, Didier & Loisel, Stephane**205-222 A link between wave governed random motions and ruin processes***by*Mazza, Christian & Rulliere, Didier**223-243 Dynamic capital allocation with distortion risk measures***by*Tsanakas, Andreas**245-254 A ruin model with dependence between claim sizes and claim intervals***by*Albrecher, Hansjorg & Boxma, Onno J.**255-265 Optimal stopping and American options with discrete dividends and exogenous risk***by*Battauz, A. & Pratelli, M.**267-277 The discrete stationary renewal risk model and the Gerber-Shiu discounted penalty function***by*Pavlova, Kristina P. & Willmot, Gordon E.**279-298 Survival models in a dynamic context: a survey***by*Pitacco, Ermanno**299-319 An optimization approach to the dynamic allocation of economic capital***by*Laeven, Roger J. A. & Goovaerts, Marc J.**321-342 Optimal investment choices post-retirement in a defined contribution pension scheme***by*Gerrard, Russell & Haberman, Steven & Vigna, Elena**343-367 Approximation of stop-loss premiums involving sums of lognormals by conditioning on two variables***by*Vanmaele, Michele & Deelstra, Griselda & Liinev, Jan**369-398 Pricing Rate of Return Guarantees in Regular Premium Unit Linked Insurance***by*Schrager, David F. & Pelsser, Antoon A.J.**399-424 Fuzzy logic in insurance***by*Shapiro, Arnold F.**425-443 Compound binomial risk model in a markovian environment***by*Cossette, Helene & Landriault, David & Marceau, Etienne

### August 2004, Volume 35, Issue 1

**1-1 Editorial***by*Gerber, Hans U. & Goovaerts, Marc & Kaas, Rob & Shiu, Elias S. W.**5-19 On the discounted distribution functions for the Erlang(2) risk process***by*Tsai, Cary Chi-Liang & Sun, Li-juan**21-51 Optimal control of risk exposure, reinsurance and investments for insurance portfolios***by*Irgens, Christian & Paulsen, Jostein**53-67 Modelling losses using an exponential-inverse Gaussian distribution***by*Frangos, Nikolaos & Karlis, Dimitris**69-76 Generalized correlation order and stop-loss order***by*Lu, Tong-Yu & Yi, Zhang**77-95 Diversification of aggregate dependent risks***by*Alink, Stan & Lowe, Matthias & V. Wuthrich, Mario**97-111 Arbitrage-free premium calculation for extreme losses using the shot noise process and the Esscher transform***by*Jang, Ji-Wook & Krvavych, Yuriy**113-136 Stochastic mortality in life insurance: market reserves and mortality-linked insurance contracts***by*Dahl, Mikkel**137-153 Insurance contracts portfolios with heterogenous insured ages***by*Dahan, Merav & Frostig, Esther & Langberg, Naftali A.

### June 2004, Volume 34, Issue 3

**391-408 On ruin for the Erlang(n) risk process***by*Li, Shuanming & Garrido, Jose**409-419 Universal strategies for diffusion markets and possibility of asymptotic arbitrage***by*Dokuchaev, N. G. & Savkin, Andrey V.**421-447 Ruined moments in your life: how good are the approximations?***by*Huang, H. & Milevsky, M. A. & Wang, J.**449-466 Exact expressions and upper bound for ruin probabilities in the compound Markov binomial model***by*Cossette, Helene & Landriault, David & Marceau, Etienne**467-487 Detecting positive quadrant dependence and positive function dependence***by*Janic-Wroblewska, A. & Kallenberg, W. C. M. & Ledwina, T.**489-503 Optimal risk management in defined benefit stochastic pension funds***by*Josa-Fombellida, Ricardo & Rincon-Zapatero, Juan Pablo**505-516 Some new classes of consistent risk measures***by*Goovaerts, Marc J. & Kaas, Rob & Dhaene, Jan & Tang, Qihe**517-537 Estimating catastrophic quantile levels for heavy-tailed distributions***by*Matthys, Gunther & Delafosse, Emmanuel & Guillou, Armelle & Beirlant, Jan**539-545 What kind of new asset will push up the CML?***by*Zhang, Bo

### April 2004, Volume 34, Issue 2

**177-192 Heterogeneous INAR(1) model with application to car insurance***by*Gourieroux, C. & Jasiak, J.**193-225 Optimizing expected utility of dividend payments for a Brownian risk process and a peculiar nonlinear ODE***by*Hubalek, Friedrich & Schachermayer, Walter**227-240 Optimal reinsurance under general risk measures***by*Gajek, Leslaw & Zagrodny, Dariusz**241-250 A stop-loss risk index***by*Wei, Wang & Yatracos, Yannis**251-257 A note on a class of delayed renewal risk processes***by*Willmot, Gordon E.**259-272 Valuation of structured risk management products***by*Cox, Samuel H. & Fairchild, Joseph R. & Pedersen, Hal W.**273-295 Reset and withdrawal rights in dynamic fund protection***by*Chu, Chi Chiu & Kwok, Yue Kuen**297-305 A Karamata-type theorem and ruin probabilities for an insurer investing proportionally in the stock market***by*Grandits, Peter**307-320 Asymptotic results for perturbed risk processes with delayed claims***by*Macci, Claudio & Torrisi, Giovanni Luca

### February 2004, Volume 34, Issue 1

**1-21 Quantification of automobile insurance liability: a Bayesian failure time approach***by*Stephens, David A. & Crowder, Martin J. & Dellaportas, Petros**23-35 Modelling zeros in stochastic reserving models***by*Kunkler, Michael**37-54 A seemingly unrelated regression model in a credibility framework***by*Pitselis, Georgios**55-77 Pricing of arithmetic basket options by conditioning***by*Deelstra, G. & Liinev, J. & Vanmaele, M.**79-95 Optimal pension management in a stochastic framework***by*Battocchio, Paolo & Menoncin, Francesco**97-107 The joint distribution of the surplus prior to ruin and the deficit at ruin in some Sparre Andersen models***by*Dickson, David C. M. & Drekic, Steve**109-120 Symbolic calculation of the moments of the time of ruin***by*Drekic, Steve & Stafford, James E. & Willmot, Gordon E.**121-125 On the joint distributions of surplus immediately before ruin and the deficit at ruin for Erlang(2) risk processes***by*Sun, Lijuan & Yang, Hailiang

### December 2003, Volume 33, Issue 3

**479-486 Some recursions for moments of n-fold convolutions***by*Sundt, Bjorn**487-496 Some recursions for moments of compound distributions***by*Sundt, Bjorn**497-516 Pricing equity-linked pure endowments via the principle of equivalent utility***by*Moore, Kristen S. & Young, Virginia R.**517-532 Wang's capital allocation formula for elliptically contoured distributions***by*Valdez, Emiliano A. & Chernih, Andrew**533-550 Moments of the cash value of future payment streams arising from life insurance contracts***by*Debicka, Joanna**551-566 The classical risk model with a constant dividend barrier: analysis of the Gerber-Shiu discounted penalty function***by*Sheldon Lin, X. & E. Willmot, Gordon & Drekic, Steve**567-584 Analysis of heterogeneous endowment policies portfolios under fractional approximations***by*Dahan, Merav & Frostig, Esther & Langberg, Naftali A.**585-593 Semiparametric credibility ratemaking using a piecewise linear prior***by*Huang, Xiaowei & Song, Lixin & Liang, Yanchun**595-609 Fair valuation of path-dependent participating life insurance contracts***by*Tanskanen, Antti Juho & Lukkarinen, Jani**611-627 A stability result for the HARA class with stochastic interest rates***by*Grasselli, Martino**629-644 Pricing of multi-period rate of return guarantees***by*Lindset, Snorre**645-658 Ruin probabilities with compounding assets for discrete time finite horizon problems, independent period claim sizes and general premium structure***by*de Kok, Ton G.**659-676 Recursive calculation of finite time ruin probabilities under interest force***by*Cardoso, Rui M. R. & R. Waters, Howard**677-690 Pricing equity-indexed annuities with path-dependent options***by*Lee, Hangsuck

### October 2003, Volume 33, Issue 2

**209-209 Preface***by*Centeno, Maria de Lourdes & Simoes, Onofre & Silva, Joao Andrade e & dos Reis, Alfredo Egidio**211-226 Limiting behaviour of a geometric-type estimator for tail indices***by*Brito, Margarida & Moreira Freitas, Ana Cristina**227-238 Stochastic optimal control of annuity contracts***by*Devolder, Pierre & Bosch Princep, Manuela & Dominguez Fabian, Inmaculada**239-254 Risk capital allocation and cooperative pricing of insurance liabilities***by*Tsanakas, Andreas & Barnett, Christopher**255-272 Lee-Carter mortality forecasting with age-specific enhancement***by*Renshaw, A. E. & Haberman, S.**273-282 Time-varying credibility for frequency risk models: estimation and tests for autoregressive specifications on the random effects***by*Bolance, Catalina & Guillen, Montserrat & Pinquet, Jean**283-296 Pricing and hedging guaranteed annuity options via static option replication***by*Pelsser, Antoon**297-316 Confidence bounds for discounted loss reserves***by*Hoedemakers, Tom & Beirlant, Jan & Goovaerts, Marc J. & Dhaene, Jan**317-336 Stochastic forecasting of labor force participation rates***by*Frees, Edward W.**337-356 High volatility, thick tails and extreme value theory in value-at-risk estimation***by*Gencay, Ramazan & Selcuk, Faruk & Ulugulyagci, Abdurrahman**357-380 Unifying discrete structural models and reduced-form models in credit risk using a jump-diffusion process***by*Chen, Cho-Jieh & Panjer, Harry**381-403 Optimal reinsurance programs: An optimal combination of several reinsurance protections on a heterogeneous insurance portfolio***by*Verlaak, Robert & Beirlant, Jan**405-413 The hurdle-race problem***by*Vanduffel, S. & Dhaene, J. & Goovaerts, M. & Kaas, R.

### August 2003, Volume 33, Issue 1

**1-28 Rational hedging and valuation of integrated risks under constant absolute risk aversion***by*Becherer, Dirk**29-47 Pensionmetrics 2: stochastic pension plan design during the distribution phase***by*Blake, David & Cairns, Andrew J. G. & Dowd, Kevin**49-57 Bonus-malus system using an exponential loss function with an Inverse Gaussian distribution***by*Morillo, Isabel & Bermudez, Lluis**59-66 The time of ruin, the surplus prior to ruin and the deficit at ruin for the classical risk process perturbed by diffusion***by*Chiu, S. N. & Yin, C. C.**67-73 A rank-dependent generalization of zero utility principle***by*Heilpern, S.**75-85 A fair procedure in insurance***by*Fragnelli, Vito & Marina, Maria Erminia**87-108 Valuation of guaranteed annuity conversion options***by*Ballotta, Laura & Haberman, Steven**109-116 A solution to the ruin problem for Pareto distributions***by*Ramsay, Colin M.**117-133 A discrete-time risk model with interaction between classes of business***by*Wu, Xueyuan & Yuen, Kam C.**135-145 Ruin theory in a financial corporation model with credit risk***by*Yang, Hailiang**147-161 Joint distributions of some actuarial random vectors containing the time of ruin***by*Wu, Rong & Wang, Guojing & Wei, Li**163-171 Properties of the power family of fractional age approximations***by*Frostig, Esther**173-188 Short-term risk management using stochastic Taylor expansions under Lévy models***by*Schoutens, Wim & Studer, Michael**189-207 Optimal investment strategies in the presence of a minimum guarantee***by*Deelstra, Griselda & Grasselli, Martino & Koehl, Pierre-Francois

### July 2003, Volume 32, Issue 3

**331-344 Risk comparisons of premium rules: optimality and a life insurance study***by*Asmussen, Soren & Moller, Jakob R.**345-358 Some results on ruin probabilities in a two-dimensional risk model***by*Chan, Wai-Sum & Yang, Hailiang & Zhang, Lianzeng**359-370 Choquet pricing and equilibrium***by*De Waegenaere, Anja & Kast, Robert & Lapied, Andre**371-377 Finite time ruin probabilities with one Laplace inversion***by*Avram, Florin & Usabel, Miguel**379-401 On the forecasting of mortality reduction factors***by*Renshaw, A. E. & Haberman, S.**403-411 The Gerber-Shiu discounted penalty function in the stationary renewal risk model***by*Willmot, Gordon E. & Dickson, David C. M.**413-429 On the expectations of the present values of the time of ruin perturbed by diffusion***by*Tsai, Cary Chi-Liang**431-443 Aggregate survival probability of a portfolio with dependent subportfolios***by*Ambagaspitiya, Rohana S.**445-455 The joint density function of three characteristics on jump-diffusion risk process***by*Zhang, Chunsheng & Wang, Guojing**457-460 Annuities under random rates of interest--revisited***by*Burnecki, Krzysztof & Marciniuk, Agnieszka & Weron, Aleksander**461-464 A note on the inhomogeneous linear stochastic differential equation***by*Jaschke, Stefan

### April 2003, Volume 32, Issue 2

**201-215 On the computation of the aggregate claims distribution in the individual life model with bivariate dependencies***by*Ribas, Carme & Marin-Solano, Jesus & Alegre, Antonio**217-228 Pension funding incorporating downside risks***by*Chang, S. C. & Tzeng, Larry Y. & Miao, Jerry C. Y.**229-243 Quadratic hedging for asset derivatives with discrete stochastic dividends***by*Battauz, Anna**245-253 Annuities with controlled random interest rates***by*Perry, David & Stadje, Wolfgang & Yosef, Rami**255-265 Comonotonic processes***by*Jouini, Elyes & Napp, Clotilde**267-280 Quality, self-regulation, and competition: the case of insurance***by*Andersson, Fredrik & Skogh, Goran**281-293 Generalized least squares estimators for covariance parameters for credibility regression models with moving average errors***by*Cossette, Helene & Luong, Andrew**295-315 Indifference pricing of insurance contracts in a product space model: applications***by*Moller, Thomas**317-330 Of happy and hapless regulators: the asymptotics of ruin***by*Powers, Michael R. & Venezian, Emilio C. & Juca, Iana B.

### February 2003, Volume 32, Issue 1

**3-18 Nonlinear stochastic inflation modelling using SEASETARs***by*De Gooijer, Jan G. & Vidiella-i-Anguera, Antoni**19-36 Kernel density estimation of actuarial loss functions***by*Bolance, Catalina & Guillen, Montserrat & Nielsen, Jens Perch**37-49 On the number of near-maximum insurance claim under dependence***by*Hashorva, Enkelejd**51-60 On the nth stop-loss transform order of ruin probability***by*Cheng, Yu & Pai, Jeffrey S.**61-71 Upper bounds for ultimate ruin probabilities in the Sparre Andersen model with interest***by*Cai, Jun & Dickson, David C. M.**73-91 Compound Poisson approximations for individual models with dependent risks***by*Genest, Christian & Marceau, Etienne & Mesfioui, Mhamed**93-114 Ordering ruin probabilities for dependent claim streams***by*Frostig, Esther**115-133 Influence functions of empirical nonparametric estimators of net reinsurance premiums***by*Brazauskas, Vytaras**135-146 Risk capital allocation by coherent risk measures based on one-sided moments***by*Fischer, T.

### December 2002, Volume 31, Issue 3

**315-325 On immunization, stop-loss order and the maximum Shiu measure***by*Hurlimann, Werner**327-350 On the moments of the surplus process perturbed by diffusion***by*Tsai, Cary Chi-Liang & Willmot, Gordon E.**351-364 A comparison of models for the chain-ladder method***by*Hess, Klaus Th. & Schmidt, Klaus D.**365-372 Time in the red in a two state Markov model***by*Wagner, Christian**373-393 A Poisson log-bilinear regression approach to the construction of projected lifetables***by*Brouhns, Natacha & Denuit, Michel & Vermunt, Jeroen K.**395-413 Application of survival analysis methods to long-term care insurance***by*Czado, Claudia & Rudolph, Florian**415-427 Excess of loss reinsurance and Gerber's inequality in the Sparre Anderson model***by*Centeno, Maria de Lourdes**429-445 Early surrender and the distribution of policy reserves***by*Tsai, Chenghsien & Kuo, Weiyu & Chen, Wei-Kuang**447-460 Estimates for the ruin probability in the classical risk model with constant interest force in the presence of heavy tails***by*Konstantinides, Dimitrios & Tang, Qihe & Tsitsiashvili, Gurami**461-466 Addendum to "Analytic and bootstrap estimates of prediction errors in claims reserving"***by*England, Peter

### October 2002, Volume 31, Issue 2

**133-161 The concept of comonotonicity in actuarial science and finance: applications***by*Dhaene, J. & Denuit, M. & Goovaerts, M. J. & Kaas, R. & Vyncke, D.**163-178 Moment generating function approach to pricing interest rate and foreign exchange rate claims***by*Dijkstra, Theo K. & Yao, Yong**179-189 Stock exchange dynamics involving both Gaussian and Poissonian white noises: approximate solution via a symbolic stochastic calculus***by*Jumarie, Guy**191-204 Pricing no claims discount systems***by*Kliger, Doron & Levikson, Benny**205-214 On a correlated aggregate claims model with Poisson and Erlang risk processes***by*Yuen, Kam C. & Guo, Junyi & Wu, Xueyuan**215-233 Pricing contingent claims in incomplete markets when the holder can choose among different payoffs***by*Kuhn, Christoph**235-248 How many claims does it take to get ruined and recovered?***by*Egidio dos Reis, Alfredo D.**249-265 Optimal portfolio and background risk: an exact and an approximated solution***by*Menoncin, Francesco**267-284 Insurance premia consistent with the market***by*Castagnoli, Erio & Maccheroni, Fabio & Marinacci, Massimo**285-295 On asymptotic optimality in empirical Bayes credibility***by*Mashayekhi, Mostafa**297-302 A Cox process with log-normal intensity***by*Basu, Sankarshan & Dassios, Angelos**303-313 Lundberg inequalities in a diffusion environment***by*Palmowski, Zbigniew

### August 2002, Volume 31, Issue 1

**1-1 Preface***by*Shapiro, Arnold**3-33 The concept of comonotonicity in actuarial science and finance: theory***by*Dhaene, J. & Denuit, M. & Goovaerts, M. J. & Kaas, R. & Vyncke, D.**35-69 Optimal investment strategies and risk measures in defined contribution pension schemes***by*Haberman, Steven & Vigna, Elena**71-85 Intervention options in life insurance***by*Steffensen, Mogens**87-103 Bounds for present value functions with stochastic interest rates and stochastic volatility***by*De Schepper, Ann & Goovaerts, Marc & Dhaene, Jan & Kaas, Rob & Vyncke, David**105-113 Measuring sensitivity in a bonus-malus system***by*Gomez, E. & Hernandez, A. & Perez, J. M. & Vazquez-Polo, F. J.**115-131 The merging of neural networks, fuzzy logic, and genetic algorithms***by*Shapiro, Arnold F.

### June 2002, Volume 30, Issue 3

**293-296 Editorial***by*Kaas, Rob**297-322 Recursive evaluation of aggregate claims distributions***by*Sundt, Bjorn**323-350 Stochastic control of funding systems***by*Taylor, Greg**351-362 Credibility theory: a new view from the theory of second order optimal statistics***by*Landsman, Zinoviy**363-370 A critique of fractional age assumptions***by*Jones, Bruce L. & Mereu, John A.**371-387 Allocating unfunded liability in pension valuation under uncertainty***by*Chang, Shih-Chieh & Chen, Chiang-Chu**389-404 On the expected discounted penalty function at ruin of a surplus process with interest***by*Cai, Jun & Dickson, David C. M.**405-420 Copula convergence theorems for tail events***by*Juri, Alessandro & Wuthrich, Mario V.**421-438 Compound geometric residual lifetime distributions and the deficit at ruin***by*Willmot, Gordon E.**439-450 Estimators of the regression parameters of the zeta distribution***by*Doray, Louis G. & Arsenault, Michel**451-462 The joint distributions of several important actuarial diagnostics in the classical risk model***by*Wei, Li & Wu, Rong

### April 2002, Volume 30, Issue 2

**153-166 On two dependent individual risk models***by*Cossette, Helene & Gaillardetz, Patrice & Marceau, Etienne & Rioux, Jacques**167-186 A multiple state model for the analysis of permanent health insurance claims by cause of disability***by*Cordeiro, Isabel Maria Ferraz**187-198 Risk management in credit risk portfolios with correlated assets***by*Bauerle, Nicole