Description: Discusses bond-default history in the United States, implications for insurance-company asset determination, regulatory concerns about recent investing by insurance companies in low-grade bonds, valuation-actuary needs to consider in these cases, and another suggested method for modeling the C-1 Risk in the context of the valuation actuary's cash flow review. From the 1987 Record of Society of Actuaries, Vol. 13, No. 3.

Description: Article from The Actuary, October 1998 – volume 32 - Issue 5: Individual savings, or accumulation, products include single premium deferred annuities, single premium life insurance, separate accounts, and others. This article describes a conference on these types of products that was held in January 1999.

Description: This session discussion is about the pricing considerations for risk and measurement of the rate of return in light of unexpected contingencies including: defaults, economic downturns, change in bond ratings and market value changes. From Record of the Society of Actuaries Vol. 15, No. 3B.

Description: Discusses developing an investment strategy for new products, inconsistencies between pricing and financial-reporting models, and total return on the investment portfolio versus total return to the company. These topics are addressed from the perspectives of [1] a corporate actuarial department head, [2] a consultant to life companies in these areas, and [3] a preeminent risk-management actuary. From the 1987 Record of Society of Actuaries, Vol. 13, No. 3.

Description: Traditionally, life insurance companies have depended on individual whole life insurance policies for their growth in assets. This has changed in recent years. Now, annuities, particularly individual annuities, have become the largest part of new individual premiums. Companies have responded by issuing a plethora of imaginative products. These are often founded on a variety of recently developed financial instruments, such as derivatives. This article is about the Actuarial Foundation's study of the risks of these new annuity products and the new financial instruments underlying them. The study will culminate in a scientific conference in New York in December 1998.

Description: This 1981 discussion session is about defined benefit plan pension investments. Specifically it covers: 1. Dedicated portfolios, 2. Investment policy for defined benefit plans, 3. Real estate investments, 4. Immunization, and 5. Foreign investments.

Description: Brief note that the report of this task force appears as “The Risk of Asset Default,” by Irwin T. Vanderhoof, Faye Albert, Aaron Tennenbein, and Ralph Verni, in Transactions of the Society of Actuaries, Volume XL1 1989, pages 547-582, and is not reprinted here.

Description: 1988 Valuation Actuary Symposium. The session discussed the C-3 risk, not the C-1 risk in the title. It explored the question: For testing purposes, how does one create the investment scenarios to which you expose your assets and liabilities?

Description: This article highlights the research projects under review by the Research Policy Committee. It also invites submission of other projects with the caveat that ideas submitted without an offer of partial or complete funding will have a lower priority level.

Description: An increasing need exists for the actuary to provide ranges and frequency distributions of possible values instead of providing only mean values. This discussion will cover: projections of asset experience under various economic scenarios, a practical application of profit analysis using scenarios and a deterministic model, exploring possible values by means of stochastic modeling, and a description of the new life contingencies textbook's stochastic approach and application to some practical population and census problems. From Record of the Society of Actuaries 1981, Volume 7, No. 4.