Description: This session at the SOA 1990 Annual Meeting explores the status and impact of AIDS in the U.S., Canada and elsewhere in the world.

Description: This panel discussion session focused on the practical applications of risk theory.

Description: This paper analyzed the deficit risk that an insurer assumes when a group insurance contract is subject to a retrospective experience-rating arrangement. In this paper, a method for quantifying the deficit risk and determining explicitly an appropriate risk charge level is developed.

Description: This paper considers the distribution of aggregate claims of an insurer. The general form of the distribution is considered initially, and, after a few mild restrictions are imposed, it is characterized as being a compound distribution. Followed by one submitted discussion paper.

Description: This paper is an attempt to examine transmission and incubation period models. Results are used to estimate the risk of HIV+ exposure of an individual company and the resulting reserve needs. From Transactions of Society of Actuaries 1989, Vol. 41.

Description: This paper reviews the current state of the AIDS epidemic and the impact on non-drug-using heterosexuals. This paper shows that for most heterosexuals, the risk of becoming infected with the AIDS virus by sexual contact is insignificant compared with many other risks of life. The paper presents some recommendations for AIDS education and other perspectives. From Transactions of Society of Actuaries 1992, Vol. 44.

Description: This is the general session from the 2003 SOA Orlando Meeting with keynote speaker, Dr. J. Craig Venter who discusses sequencing the human genome, dog genome and mouse genome and the impact on the practice of medicine. From the Record of the Society of Actuaries, Volume 29, No. 3.

Description: These two research reports, part of the Society of Actuaries [SOA} ‘Research Projects – Finance/Investment,’ are the result of a Call for Papers sponsored by the SOA Committee on Finance Research [CFR] on the topic of IntraCompany Capital Allocation. Both were awarded honoraria. The two are: ‘Measurement of Risk, Solvency Requirements and Allocation of Capital within Financial Conglomerates,’ which addresses the allocation of solvency capital in multi- line financial businesses and ‘Allocation of Required Capital by Line of Business,’ which demonstrates how the NAIC Risk-Based Capital [RBC] formula and others can be allocated by line of business by the use of partial derivatives of RBC.

Description: This paper by the SOA Committee on HIV research builds on past work to show three projections of the future of the AIDS epidemic. These scenarios can provide information to actuaries in considering the financial impact of AIDS for life and health insurance. The paper develops general population AIDS mortality rates related to the three scenarios. From Transactions of Society of Actuaries 1990, Vol. 42.

Description: This paper addresses the allocation of solvency capital in multi- line financial businesses. Although this paper is uniformly applicable to financial enterprises of all types, the terminology in the paper is mainly that of insurance. The TailVaR risk measure is extended in a natural way to allocating capital to each of the business units. This method of allocation allocates capital in a way that is invariant over the method of decomposing the enterprise into business units. Analytic results are derived in the case of multivariate Normal risks. The key result of this paper is that the TailVaR-based proportional allocation of total required capital is identical to that based on mean-variance considerations analogous to the CAPM in the case of the multivariate Normaldistribution.