Description: The final actuarial work of the renowned Briton, Frank Redington. was a series of essays called “The Flock and the Sheep.” They were reviewed here some months ago by Kenneth Stewart. These articles describe what could be characterized as the problem of incidence of earnings on investments inequities. While equities produce the greatest returns over a long time, they tend to have lower returns than debt for the first years of the investment.

Description: Presented at May 1996 Spring Meeting. This session offers a retrospective and prospective look at the development of actuarial pricing models and technology tools.

Description: This session from the 1984 SOA Toronto Meeting focuses on non-traditional employment for actuaries. From Record of the Society of Actuaries Vol. 10, No. 4B

Description: This panel discussion presented at the April 1976 SOA meeting in Washington D.C. presents opinions and information related to investment policy in a changing economy.

Description: Discusses investment strategies that can be used for various product-expense and policyholder-behavior patterns. These include buy/sell, hold, exchange, long-term, optimization, hedging of the business and investment risks, and immunizing strategies. From the 1988 Record of Society of Actuaries, Vol. 14, No. 4A.

Description: Panelists who have been a part of integrated actuarial and investment functions at their companies discuss initial concerns from each side, the need for initial and ongoing coordination, the effect of company philosophies on the resulting combination, and realized and potential results and pitfalls. This session was held only days after the October 1987 stock-market crash. From the 1987 Record of Society of Actuaries, Vol. 13, No. 4B.

Description: This paper develops a new method of determining long-range interest rate assumptions. Followed by discussion papers submitted by 2 authors

Description: Presented at October 1996 Annual Meeting. This discussion presents an introduction to Monte Carlo and why it is used for integration and valuation of complex formulas. Moreover, results using low-discrepancy sequences instead of the Monte Carlo simulation for pension fund analysis is shared.

Description: This is a discussion about indiviual life insurance dividends. Discussed are net cost formula, interest rate assumption, and special areas such as substandard and guaranteed issue. From Transactions of Society of Actuaries 1962, Vol. 14 Pt. 2

Description: Presented at June 1986 Spring Meeting. This session discusses current trends in state regulation of insurance company investments.