Description: The Society of Actuaries Research Institute’s Catastrophe and Climate Strategic Research Program is pleased to release the following essay addressing current and potential uses for the Actuaries Climate Index.

Description: This literature guide provides the user with a summary of representative sources of current general knowledge with regards to the currency risk in foreign investments.

Description: Panelists at this session of the SOA 2003 Washington, DC Spring Meeting discuss operational risk for companies in the asset management business and the operational considerations for mitigating that risk. A specific case of operational failure is explored.

Description: As the Federal Reserve's recent interest rate hikes increase potential asset yields, an expected rate increase to products offered by insurance companies of all sizes, including annuities, can be seen in the current economic landscape. The increased market volatility and high inflation create insurance company performance complications, which can lead to a disproportionate impact for smaller insurance companies. Discover the current status of the market environment and explore suggestions and possible solutions for smaller insurance companies as they deals with complications like a lack of access to higher-yielding investment strategies and limits made by risk management policies from owning unrated asset claims. There will also be a discussion on the recently adopted Actuarial Guideline on Asset Adequacy Testing and the implications for insurance companies.

Description: This session from the 1995 SOA New York City Meeting covers liquidity including the external view of liquidity, the internal view of liquidity and liquidity ratios and an actual liquidity stress situation. From the Record of the Society of Actuaries, Vol. 21, No. 2.

Description: The purpose of this paper is to help practitioners and regulators more accurately quantify the potential impact of market risk on insurance products with equity-linked guarantees. To this end, this paper examines time series model selection and assessment based on residuals, with a focus on regime switching models. Also it discusses the difficulties in defining residuals for such processes and propose several possible alternatives. We determine that a stochastic approach to defining the residuals is the only way to generate residuals that are normally distributed under the model hypothesis.

Description: This paper develops the theory of the measurement of interest rate risks from its foundations, beginning with the question of which asset values market or book are economically relevant and therefore at risk. From Transactions of Society of Actuaries 1985, Vol. 37.

Description: 1998 SOA Spring Meeting, Maui. The panel discussed creative ways of carving up mortgage prepayment risk that have evolved from the collateralized mortgage obligation market.

Description: it discusses the framework and modeling of the market consistent valuation of fixed indexed annuity, against the backdrop of the convergence of accounting standards and internal risk management.

Description: Learn about considerations and industry observed trends which cover different ways companies try to manage their inforce business in low and rapidly rising interest environments. You will explore M&A, block transaction, and offshore reinsurance solutions.