Description: Presented at May 1996 Spring Meeting. This teaching session covers course F-585 in the exam materials, which is intended to provide background for the actuary who aspires to become the chief financial officer of a financial institution. It addresses raising capital and financial management.

Description: This article is the first of a two-part series on international developments. It discusses the actuarial focus on application of risk expertise to insurance and pensions vs. the newly developing focus on enterprise risk management.

Description: Panelists discuss the risks inherent in common variable and equity-indexed annuity designs, including Guaranteed Minimum Death Benefits [GMDBs]. The effects of changes in interest rates, market level, and implied and actual volatility on economic and accounting results, as well as reinsurance and various kinds of hedging, are discussed. From the 2002 Record of Society of Actuaries, Volume 28, No. 3. Session 121PD of the Boston Annual Meeting.

Description: At this session 114 PD of the Toronto Spring Meeting, participants learn how to create efficient simulation models in Excel for various problems arising in finance and insurance. From the Record of the Society of Actuaries, Volume 27, No. 2, Session

Description: This session 160 TS of the 2001 SOA Annual Meeting explains Guaranteed minimum income benefits GMIBs, guaranteed minimum accumulation benefits GMABs, guaranteed minimum death benefits GMDBs, and death benefits designed to cover the approximate income tax on the gain in the contract all provide additional protection for the purchaser, but they may also bring added risk to the insurer. From the Record of the Society of Actuaries, Volume 27, No. 3, Session 160TS.

Description: Full version of Risk Management, March 2005, Issue No. 4.

Description: Description of the increased gamma of the liabilities of a portfolio of variable annuities. Discussion of the sensitivity of gamma due to changes in policyholder behavior.

Description: This article is the second of a two-part series on international developments in the actuarial profession and professional organizations.

Description: This paper, part of the Society of Actuaries [SOA} ‘Research Projects – Finance/Investment,’ presented by the SOA’s Committee on Finance Research, describes the results of a survey of industry practices on the mechanics and implementation of hedging programs used by life insurance companies to minimize risk for product guarantees on variable annuities.

Description: Full version of International Section News, July 2007, Issue No. 42.