Description: Panelists at this session of the SOA 2001 Toronto Spring Meeting give an overview of the new methodology to compute the C-3 component of statutory risk-based capital and quantification of the impact of the change in methodology. Issues from a regulatory perspective and from a company perspective are discussed.

Description: This presentation offers an overview of enterprise risk management with topics covering benefits of risk management for an insurance company, establishing an ERM framework, risk reporting, and predictions about the future of ERM.

Description: The presenters explain the current state of model risk management in the insurance industry and shares insight on some of the best practices and common themed challenges. They also explore where model risk management is headed going forward and what a more optimal framework would look like.

Description: This session at the 1989 Valuation Actuary Symposium discusses default or C1 risk. A review of prior work, a new model, and correlation to various factors are presented.

Description: This session discussion is about the effect of solvency concerns on health insurers: NAIC proposed risk-based capital formulas, typical return on equity for health business, rating agency formulas and volatility measures for loss ratios. From Record of Society of Actuaries Vol. 18, No. 1B.

Description: This session at the SOA 1990 San Francisco Spring Meeting covers new innovative capital structures for the life insurance industry and their impact on financial security. A review of different forms of capital plus the economic impact from both a regulatory and rating agency viewpoint are discussed.

Description: Panelists present a basic overview of the internet and its potential uses. From the Record of the Society of Actuaries, Vol. 23, No. 3.

Description: The presenters will explore the long-term care insurance product and its impact on potential transactions. Discuss why the inherent risks of this product create challenges for buyers and sellers in this market.

Description: With many complex regulatory changes on the horizon as well as pressures to ensure model accuracy from auditors, regulatory requirements and new actuarial standards of practice, the importance of robust model validation is coming to the forefront of actuaries’ minds. What was previously a day-two task for many companies is becoming just as important as model development! In this session, you will hear from those that have been deeply involved in building model validation frameworks and tools in responses to regulatory changes GAAP Long Duration Targeted Improvements (“LDTI”) and Principles Based Reserves (“PBR”).

Description: 2003 Valuation Actuary Symposium, San Diego, CA. This panel discussion provided an overview of the current risk-based capital RBC requirements for life insurers as well as insight into topical issues and potential changes to RBC. Discussion topics included: 1. Recap of RBC law and RBC calculation rules. 2. Modeling potential impact of alternative actions. 3. The tax impact of the factors. 4. Stochastic capital requirements for variable products. 5. The role of reinsurance and offshore solutions.