Description: This session discussion is about tools, techniques, and methods used by the health valuation actuary HVA in dealing with business projections, cash-flow analysis, valuation on nonguaranteed premium business, target surplus analysis, reinsurance and claim reserves. From Record of Society of Actuaries Vol. 18, No. 1A.

Description: Feature article describing the events of the Valuation Actuary Symposium in Indianapolis, In.

Description: Feature article giving update on recent issues involving principle-based accounting.

Description: From the 1985 Valuation Actuary Symposium Discussion of techniques for determining capital requirements needed to support an insurance business, based on the nature of the assets and liabilities on the books and related investment strategies, using ALM modeling

Description: Diverse Risks 2016 Call for Essays

Description: From a session at the 2000 Valuation Actuary Symposium held in Washington DC, September 14-15, 2000 Discussion of newer and more innovative investment structures and the modeling of these securities in cash-flowing testing and asset/liabilities management analysis.

Description: The investment risk generated by a stochastic interest rate is recognized as often the greatest risk associated with a whole life or retirement policy. Recent research has investigated the mathematics of this risk when the interest rate follows a stochastic process and the time to death is considered to be random. In this paper we focus on the use of the zero coupon bond as an investment instrument to fund a whole life policy. It is unlikely that a company will entirely fund a particular single policy with a zero coupon bond.

Description: The article focuses on the need to develop a strategy for investing surplus resulting from the buildup of significant excess capital. The author discusses three principles on which a company can base its surplus investment strategy, including the risk/return preference of the client, attribution of surplus to the products and an investment strategy based on all company risks.

Description: This paper establishes the need for home equity conversion schemes for the elderly. It then provides a review of literature pertinent to reverse mortgages paying particular attention to the different types of reverse mortgages and their associated risks. In an attempt to better quantify the general appreciation risk faced by financial institutions issuing reverse mortgages, ARIMA techniques are employed to model Canadian house prices in both current and real dollar terms.

Description: Investment Fallacies: Future Equity Returns