Description: In this presentation, session number 10PD at the 1999 Annual Meeting of the Society of Actuaries held October 17-20 in San Francisco, the panelists discuss their experiences with asset valuation methods. Topics include characteristics of an effective asset valuation method, the extent to which recent economic activity should influence the smoothing period selected, whether one method smoothes valuation assets more than another, whether different methods for funding and expense make sense, and whether the current asset valuation method is accomplishing its intended purpose. Discussion from participants is included. From the Record of the Society of Actuaries, Vol. 25, No. 3.

Description: 1990 Valuation Actuary Symposium luncheon speech that discusses the demine of the junk bond market and other asset value problems.

Description: This session from the 1994 Valuation Actuary Symposium discusses expectations from asset adequacy analysis including the process of financial condition examination by regulatory authorities, asset cash flows particularly related to mortgages, reliance on investment professionals and recent developments at the NAIC level.

Description: This session from the 1994 Valuation Actuary Symposium covers the collapse of the real estate market in the early 1990's and the problems it created in cash flow testing and valuation work. It also covers an integrated asset/liability model and the applications beyond cash flow testing including an example for an SPDA.

Description: This session 10 of the 1990 Valuation Actuary Symposium is a panel discussion on collateralized mortgage obligations and other asset projections.

Description: This panel discussion is from the 1991 Meeting of the Society of Actuaries, held May 16-17 in New York. The panelists present an overview of the regulatory framework for investments, discuss emerging issues for new investment vehicles, provide a valuation actuary update, discuss the regulatory attitude toward asset securitization, junk bonds and hedging, discuss regulatory developments related to the valuation of private placement, mortgages, real estate, and other securities, and discuss developments related to the Mandatory Securities Valuation Reserve, ‘MSVR,’ and capital requirements. Discussion from participants is included. From the Record of Society of Actuaries, Volume 17, No. 2.

Description: Panelists provide a primer on Collateralized Mortgage Obligations [CMOs], exploring how they are constructed and why they exist. Session 3 of the 1991 Valuation Actuary Symposium.

Description: This presentation is from session number 36, presented at the 1999 Valuation Actuary Symposium, held September 23-24 in Los Angeles. Today’s low interest rate environment has helped spark enthusiasm for new investment vehicles with a potential for higher returns than more traditional asset classes. The panelists discuss structured securities, convertible bonds, mortgage backed securities, and other investment vehicles.

Description: Presented at June 1996 Spring Meeting. An investment manager discusses investment strategy for a disability insurer and a rating agency representative and a stock analyst describe how disability insurers are evaluated for risk profile and other issues.

Description: This panel discussion presented at the April 1976 SOA meeting in Washington D.C. presents opinions and information related to investment policy in a changing economy.