Description: 1996 Valuation Actuary Symposium. A panel of actuarial regulators answered the questions: 1. What are the regulatory expectations from asset adequacy analysis? 2. When regulators review a company's opinion and memoranda, what are the things they are looking for? 3. What are the things that haven't been done as well as they like? 4. What do they feel can be improved on in the process? 5. How does the process itself work?

Description: Asset cash flow modeling and asset assumptions are growing in importance with PBR especially considering the low interest rate environment. The Academy’s Life Practice Council and Life Valuation Committee have formed a Low Interest Rate Asset Adequacy Testing Task Force which has conducted an industry survey to raise awareness and summarize the actuarial best practices for financial reporting actuaries practicing in today’s very low interest rate environment. As the scrutiny on the asset side ratchets up, actuaries must consider how best to develop the asset assumptions as well as model the reinvestment and disinvestment strategies. Coherent assumptions and modeling practices across modeling exercises are expected while respecting the purpose of each calculation.

Description: This presentation is a panel discussion, session number 26PD, from the 1999 Valuation Actuary Symposium, held September 23-24 in Los Angeles. Noting that many of the largest and most widely publicized insurance acquisitions today are made with stock rather than cash or other considerations, the panelists discuss the advantages and challenges for both the buyer and the seller in stock acquisitions. They also discuss current GAAP guidance for purchase accounting, including a just released exposure draft from the Financial Accounting Standards Board [FASB]. Discussion from participants is included.

Description: This session at the SOA 1990 Annual Meeting looks at global investing. Areas discussed include rationale for investing globally, fixed income opportunities, a model for active global investing, and other issues.

Description: This session at the SOA 1990 San Francisco Spring Meeting is about the relationship between product design and investment policy. The focus is on a review of investment metircs, discussion of option adjusted spreads, and the use of total return from equity investments to support insurance products.

Description: 1999 SOA Spring Meeting, Atlanta. This session addressed the risks and potential costs of long-term guarantees in some insurance products. Topics included: · Guaranteed annuity purchase rates - how close are current rates to the guarantees? · Guaranteed minimum credited rates. · Guaranteed bonus rates.

Description: This session from the 1984 SOA Toronto Meeting discusses employee benefit aspects of mergers/acquisitions/spin-offs, looking at pension benefit liability, other employee benefit liability, other executive compensation plan liability and Multi-employer pension plan amendment requirements. From Record of the Society of Actuaries Vol. 10, No. 4A

Description: This discussion on interest rate and investments looks at reinvesting when faced with capital losses, issues associated with investing in stocks, the effect of taxes on investment policy, the level of policy loans, the effect of inflation, and interest assumptions for new policies.

Description: 1992 SOA Annual Meeting, Washington, D.C. This open forum for small-company issues addressed cash flow testing, RBC, variable annuities, capital needs, distribution capacity, and tracking legislation.

Description: This presentation is an open forum, session 58OF, from the 2004 Spring Meeting of the Society of Actuaries, held June 14-15 in San Antonio, TX. The panelists present both theoretical and practical perspectives of the role of assumed asset returns and credit spreads in determining the fair value of policyholder liabilities. They cover financial economics, how other financial service companies value liabilities, what factors go into determining an appropriate discount rate for insurance liabilities, and issues currently being debated by the International Accounting Standards Board [IASB], and the Financial Accounting Standards Board [FASB]. Discussion from participants is included. From the Record of Society of Actuaries, Volume 30, No. 2.