Description: 1988 Valuation Actuary Symposium. The first speaker discussed the complete solvency testing process and the route by which the valuation actuary arrives at conclusions and prepares a solvency report. The second speaker discussed certain general objectives and requirements of the valuation actuary's report and then indicated how a hypothetical company's sample report was drafted with these points in mind.

Description: Discusses the current status of the valuation actuary concept and regulatory requirements. Also includes historical development of the valuation actuary movement. From the 1987 Record of Society of Actuaries, Vol. 13, No. 3.

Description: This paper introduces a conjecture as to a method for estimating how much has to be added to the probability of ruin by n claims to obtain the probability of ultimate ruin. From the Actuarial Research Clearing House 1994 Vol. 2 .

Description: Noting that the Commissioners Annuity Reserve Method has been adopted by almost all states in the past four years as the basis for valuing individual account annuities in statutory statements, the author reviews this reserve method and how the various provisions commonly included in modern deferred annuity policies should be reserved to be consistent with its methodology. Includes discussion and author’s review of discussion. From Transactions of Society of Actuaries 1982 Volume 34.

Description: Derives two troublesome formulas in the Gain and Loss Exhibit of the Statement using techniques developed in Measurement of Mortality. The formulas in question are those for Tabular Interest.

Description: Performance measurement is not the primary purpose of either GAAP or statutory accounting. This article discusses alternative methods of reporting used by life insurance companies to better measure financial performance.

Description: This paper is presented as a means of explaining, in greater detail than was appropriate in its formal report, the methods used in the construction of the new standard ordinary mortality table, temporarily designated as Mortality Table X, and the corresponding experience mortality table, temporarily designated as Mortality Table X.

Description: This paper proposes a hypothesis that the negative public policy implications of durational rating strategies in the medical insurance market are caused by lack of prefunding of durational deterioration of experience and constitute a failure to maintain an important part of the original insuring promise. To solve the problem, a practical and simple reserving basis is proposed as a regulatory standard. Discussions of this paper are included.

Description: Discusses the Exposure Draft on Life Insurance Company Valuation Principles, which calls for scenario testing under assumptions. Also discusses the requirements under New York Regulation 126 and the role of the valuation actuary. From the 1987 Record of Society of Actuaries, Vol. 13, No. 3.

Description: This session was an open discussion which occurred at the SOA's May 1976 Meeting in Houston of the 'Report on Actuarial Principles and Practical Problems with Regard to Nonforfeiture Requirements.' It also contains a summary of written responses to the report, developments and recent work in the nonforfeiture area. From Record of the Society of Actuaries 1976, Volume 2, No. 2.