Description: The key tasks of credit risk capital project under CROSS II mainly focus onL(1 )Adjustment of measurement framework; (2) Calibration of risk factors, including both credit spread risk and credit default risk;3)Introduction of concentration risk measurement; (4) Higher requirement on look-through rule.

Description: 1993 SOA Spring Meeting, Boston. This session discussion is about new dimensions of pricing and risk selection for direct-response insurance products. Topics discussed: 1. Multiple dimensional set of assumptions relating response rates. 2. Expected claims. 3. Projected persistency. 4. Customer buying propensities.

Description: In September 2017, the China Insurance Regulatory Commission (CIRC) issued the “C-ROSS Phase II project construction plan”, planned to be used across three years’ time, by perfecting the regulations, improving the operational mechanism and strengthening the regulatory cooperation.

Description: 1994 SOA Spring Meeting, San Francisco. In this session the panelists led the audience through case studies that required the development of various difficult assumptions where experience is limited. The panel discussed the key issues and how they would go about developing each assumption.

Description: LON-CAPA is a full-featured course management, learning content management, and assessment system. It was initially developed by Michigan State University under several National Science Foundation grants. You can run LON-CAPA for free on your own dedicated server. Purdue University has used LON-CAPA to create a robust online homework system for the Financial Mathematics material of the FM Exam. This homework system is in the public domain and may be used by any university running LON-CAPA. This session will provide additional information and include a demonstration of the system.

Description: 1993 SOA Meeting, Quebec. This session was geared towards goal setting for actuaries who manage functional areas, departments, or divisions. Topics included: the reasons why goal setting and achievement are often ineffective, the key success factors in setting and achieving goals, and a proven methodology for setting and achieving goals.

Description: Join this interactive session and increase your creative confidence. Design pros from University of Toronto Rotman School of Management will discuss how to use design thinking to solve problems big and small. Be prepared to roll up your sleeves and do some hands-on exercises to help unlock your innovative thinking. Who knows what creative solutions we might come up with! This session will be of interest to actuaries of all experience levels and disciplines. Don't we all have problems to solve?

Description: Traditionally the SOA formulates pedagogic excellence in terms of the Marzano Taxonomy. For example, the "analysis level" consisting of generalization, specification, classification, contrast, matching, and error identification, is considered superior to the "retrieval level" consisting of rote memorization such as recognition, recall, and using. In this presentation, we first show that pedagogic excellence can be equivalently, but more simply, formulated in terms of executive function and goal-setting. Here executive function refers to problems requiring multiple mental modalities - such as, formal, verbal, computational, and graphical - for their solution. Goal-setting refers to the skillful breakup of a complex problem into a sequence of subgoals each of which is clearly formulated, challenging, but achievable timely. Light examples from the literature illustrate these concepts. Five "challenging FM problems": reinvestment, refinancing, multiple rate/deposit problems, pricing deferred bonds using a term structure, and obscure loan problems, illustrate the following fundamental techniques of goal-setting and executive function: i) a fellowship approach to teaching preliminary exam material, ii) using subgoals to give difficult homework, iii) alternating between different mental modalities to achieve elegant brevity in solutions, iv) goal-setting reflecting familiar vs. new, and v) skillful definition of unit subgoals.

Description: The speaker hopes to share and exchange his own experience and thinking in enterprise management with colleagues in the industry, so as to better solve problems for the enterprise to enhance and expand the value of actuaries themselves.

Description: To discuss actuaries, as a rational group with systematic professional knowledge training in life insurance companies, should participate more in the discussion of enterprise management and make greater contributions to the industry at the stage when the industry is facing transformation and exploring new development ideas.