Description: Actuaries and rating agencies increasingly believe that the NAIC's formulaic required capital standard does not adequately address a company's insurance, economic market and credit, reporting and pricing risk structure. Economic capital, based upon a stochastic evaluation of a company's total risk exposures, presents a new approach for accurately gauging a company's exposure to risk. Attendees learn what economic capital is, how it is calculated, what it tells company management about risk exposures and how it can serve as a valuable risk-adjusted measurement tool. From the Record of the Society of Actuaries, Volume 29, No. 1: Washington D.C. Spring Meeting, May 29–30, 2003, Session 24OF.

Description: The manner in which the actuarial profession models and manages mortality risk is undergoing dramatic changes. New modeling techniques have led to better risk management tools. Capital markets solutions are evolving for insurers wishing to protect against unfavorable mortality developments in both life insurance and annuity products. In this session recent key developments in mortality modeling and in the transfer of mortality risk are examined. From Record of Society of Actuaries, Vol. 30, No. 3: Annual Meeting and Exhibit, New York, NY, October 24-27, 2004, Session 133 TS.

Description: Report on survey designed to get feedback on underwriting guidelines, requirements, assumptions and practices used in assessment of older age applicants.

Description: This session covers the differences between quantitative models and traditional techniques for measuring credit exposure pricing models versus portfolio risk management models and an introduction to some commercially available models, such as J. P. Morgan’s Credit Metrics and Moody’s/KMV Portfolio Manager. From the Record of the Society of Actuaries, Volume 29, No. 1, Washington, D.C. Spring Meeting, May 29–30, 2003, Session 19PD.

Description: The Committee's charge was to develop new disability tables for possible adoption by appropriate authorities for valuation of individual policy reserves, i.e. active life reserves, and individual and group claim reserves for disabled lives. It was generally agreed that the current valuation table, the 1964 Commissioner’s Disability Table, ‘1964 CDT,’ was no longer appropriate for several reasons. This paper presents the detailed results of the committee's findings and their recommendations. From the 1985 Transactions, Vol. 37.

Description: Companies operating in international markets have additional issues to consider from a risk management point of view. Fluctuations in exchange rates, political and sovereign risks, regulatory issues, capital management and human resources considerations are among these. This session gives attendees the opportunity to understand how multinationals currently deal with these issues and how they are functionally structured to handle the risk management process. From the Record of the Society of Actuaries, Volume 29, No. 1: Washington, D.C. Spring Meeting, May 29–30, 2003, Session 30PD.

Description: The Early Duration Claims Survey Subcommittee of the Society's Committee on Life Insurance Mortality & Underwriting Surveys has completed their report on the results of a survey on life insurance claims in early policy durations.

Description: This is an Impairment Study Capture System (ISCS) study of contemporary Diabetes Mellitus mortality among insured lives. The policies were issued at standard or substandard premium rates between 1989 and 2002 policy anniversaries.

Description: Report on results of survey designed to get feedback on some hot topics in industry - namely predictive analytics and accelerated & enhanced underwriting.

Description: Report on results of survey designed to get feedback on some hot topics in industry - namely predictive analytics and accelerated & enhanced underwriting.