Description: This session discusses potential developments in the 1980's with regards to: the impact of the force of competition on price levels and profit margins, growth in the market for life insurance and annuities, profit squeeze on stock companies due to continued high level of inflation, problems which will affect smaller stock companies abilities to compete and/or survive, changes in permanent versus term pricing practices and profit margins during the 1980's, changes in sources of profit and uses of free surplus, and continued attractiveness of insurers as acquisition targets.

Description: Speaker, a noted economist and former Presidential-administration consultant, discusses the impact of politics on economics, and economic performance over the last eight years, touching on the effect of recent market volatility on pension-plan assets [during the Q&A]. From the 1988 Record of Society of Actuaries, Vol. 14, No. 1.

Description: 1994 SOA Meeting, San Francisco. In this session Dr. William Freund, chief economist emeritus of the New York Stock Exchange and former chief economist at the Prudential, shared his perspective on the economic outlook.

Description: 1993 SOA Spring Meeting, Boston. Dr Arthur Laffer presented an entertaining and thought provoking speech on supply-side economics.