Description: This panel discussed studies of the risk of loss due to changes in the interest rate environment. It addressed why the C-3 risk is important and how inflation and stability in interest rates can affect the financial soundness of life insurance companies. There was also a discussion of the theoretical work being carried out to calibrate the C-3 risk of variation in interest rates and to what extent the valuation actuary can properly recognize the risk of loss from changes in the interest rate environment within the framework of valuations laws and regulations.

Description: While this session was billed as C-2 risk, discussion focused almost entirely on HIV and AIDS, including the history, nature, spreading and mortality of the disease, and its impact on life and health insurance underwriting, pricing, and reserves. From the 1987 Record of Society of Actuaries, Vol. 13, No. 3.

Description: Presented at October 1985 Annual Meeting. This session discussion is about status of the revision of Recommendation 7, status of the Special Advisory Committee to the NAIC, principles for the valuation of life insurance companies, practical aspects of asset-liability matching.

Description: Presented at May 2002 Spring Meeting. Discusses the proposed new valuation table and how it affects future product development and design.

Description: Presented at October 1986 Annual Meeting. This session discussion is about the report on the FASB project on accounting for Universal Life, update on American Institute of Certified Public Accountants 'AICPA' activities, report on Canadian financial reporting issues, and update on FASB and NAIC activities.

Description: Presented at June 1985 Spring Meeting. This session discussion was an overview of the valuation actuary's role, product development implications, actuarial profession implications, implications for regulators, and implications for insurance company management in each country.

Description: Presented at May 1985 Spring Meeting. This session discussed: Role of solvency surveillance, Role of the valuation actuary, Role of reinsurance, Role of integrated financial services, Role of the American Academy of Actuaries Committees on Life Insurance Company Financial Reporting Principles and on Property and Liability Insurance Financial Reporting Principles.

Description: Presented at April 1985 Spring Meeting. This session discussed different accounting alternatives for products such as Universal Life, deferred annuities, variable products.

Description: Presented at October 1996 Annual Meeting. The NAIC Accounting Practices and Procedures Manual was recently updated. This session discusses the various types of reinsurance agreements, the requirements for each type of agreement received, reinsurance accounting treatment, current accounting treatment for various types of reinsurance agreements and potential impacts for ceding companies and reinsurers.

Description: Presented at October 1996 Annual Meeting. This discussion looks at recent developments and emerging issues with the NAIC.