Description: From the 1986 Valuation Actuary Symposium, held in Washington DC in October 1986 Examination of the nuts and bolts of cash flow testing analysis.

Description: 2003 Valuation Actuary Symposium, San Diego, CA. This session addressed the emerging practice where management is developing new ways to examine financial risks holistically in an integrated model.

Description: From a session at the 2000 Valuation Actuary Symposium held in Washington DC, September 14-15, 2000 Discussion of financial modeling considerations including: • Model platforms • Model structure • Static and dynamic model validation techniques • Data integrity

Description: 2002 Valuation Actuary Symposium, Lake Buena Vista, FL. In this teaching session the instructor explained how to scrutinize model results and use models to make strategic decisions. Specific topics included validation of asset models, modeling considerations for derivatives and assets with embedded options, using models to assist with portfolio management, and using models to improve portfolio yields and realized product spreads.

Description: 1998 Valuation Actuary Symposium. The panelists addressed the practical implications of how to use value-at-risk in a real-life setting, risk-based surplus, and an update of the C-3 component of RBC. This session is a mix between the regulatory situation and quantitative analysis.

Description: From a session at the 2001 Valuation Actuary Symposium, held in Lake Buena Vista, Florida, November 29-30, 2001 Teaching session covering the development of realistic liability models for use in asset adequacy analysis, asset/liability management, pricing/repricing, financial reporting or other corporate purposes. The primary focus is modeling issues for variable product features, such as minimum living or death benefit guarantees on both variable life and annuities, annuity death benefit enhancements, and variable immediate annuities. Topics include: • Analysis of the special risks posed by these products • Selecting realistic dynamic assumptions • Techniques used in modeling these products • Scenario testing and result presentation to best communicate risks

Description: From a session at the 2000 Valuation Actuary Symposium held in Washington DC, September 14-15, 2000 In this session the panelists discussed the issues related to the actuarial aspects associated with the demutualization process. The issues discussed included: • Developing historical and prospective assumptions • Aligning the models used in the company’s philosophy regarding dividend determination and pricing • Creating experience assumptions when less-than-perfect data exist • Determining who gets what • Complying with actuarial and accounting standards

Description: This presentation is a Teaching Session, number 46TS, from the 2002 Valuation Actuary Symposium, held September 19-20 in Lake Buena Vista, FL. In this session, the instructor discusses simple tools and guidelines to ensure that correct inferences are drawn. The material is presented without using complex mathematical formulas. Topics include application of a normal distribution—when it is appropriate and when it is not, drawing inferences about and creating confidence intervals around tail percentile, and Monte Carlo Simulations for Regulation XXX.

Description: This session at the 2003 Valuation Actuary Symposium discusses advanced modeling techniques. Focus is on advanced liability and asset modeling issues, model distinctions between types of variable annuity guarantees, stochastic mortality, stochastic-on-stochastic modeling, and alternatives to stochastic modeling.

Description: 1996 Valuation Actuary Symposium. In this practitioners' forum the participants discussed interest rate scenarios that are used in cash-flow testing, what projection results you look at to determine whether you have a good result or a bad result, the concept of just what is reserve adequacy, and what does it mean to say that reserves are adequate.