Description: The NAIC Life Risk-Based Capital Working Group has been working on modifications to the C-3 interest rate risk component of the statutory risk-based capital formula. Changes being considered may have a significant impact on the work of the valuation actuary. From the Record of the Society of Actuaries, Vol. 25, No. 3. San Francisco Annual Meeting CA, October 17–20, 1999, Session 33PD.

Description: The disastrous events of September 11, 2001 have focused the reinsurance community’s attention on the subject of managing concentration of risk. A panel of experts discusses: Techniques for limiting exposure, Impact on group and COLI/BOLI insurance and Changes in the catastrophe reinsurance market. From the Record of the Society of Actuaries, Volume 29, No. 1, Washington D.C. Spring Meeting, May 29–30, 2003Session 65PD.

Description: Industry information about some tools and methods used by life insurance companies to mitigate the risk inherent in early duration claims.

Description: A number of insurance companies have recently implemented, or are in the process of implementing, economic risk capital. These programs are being implemented because of concerns with the existing regulatory and accounting frameworks and/or companies' desire to have a capital framework which is more consistent with their risk profile. From the Record of the Society of Actuaries, Volume 30, No. 2, Spring Meeting, San Antonio, TX, June 14-15, 2004, Session 47PD.

Description: The financial industry has become increasingly interested in understanding and managing financial risks as well as business risk. While often perceived in terms of risk reduction or mitigation in the past, todays focus has expanded to improve performance and add to the value of the firm. Many banks and securities firms have built risk management areas to better manage their financial risks. Some insurance companies are moving in a similar direction, This session focuses on quantification of various financial risks insurers take on. From the Record of the Society of Actuaries, Vol. 24, No. 1. Maui Spring Meeting, June 15-17, 1998, Session 87PD.

Description: Presenters cover the outlook for credit defaults over the next 12 months and approaches used to price the debt market e.g., Merton's 1973 paper and subsequent developments. Attendees leave with an understanding of how the capital markets value debt issuance and knowledge of future trends in default risk. From the Record of the Society of Actuaries, Volume 29, No. 1: Washington, D.C. Spring Meeting, May 29–30, 2003, Session 10OF.

Description: This study used the Impairment Study Capture System (ISCS) to examine mortality results of policies, beginning in 1989, on insured lives with elevated blood pressure.

Description: This session explores current practices and techniques that plan sponsors use to address the risks associated with the exercise of fiduciary responsibility. Attendees gain a better understanding of some of the issues that plan sponsors face and discuss the tools that can be used to monitor and manage exposure to risks and uncertainty. From the Record of the Society of Actuaries, Volume 29, No. 2: Spring Meeting, Vancouver, B.C., June 23–25, 2003, Session 108PD.

Description: This session features interviews with several authorities on the following current topics: How the rating agencies view capital management in determining company ratings How the rating agencies view the independent review process How capital management is addressed at a non-insurance company parent How financial reinsurance can be used to strengthen your capital. From the Record of the Society of Actuaries, Vol. 25, No. 3. San Francisco Annual Meeting, October 17-20, 1999, Session 65OF.

Description: Results of survey conducted in July 2006 about the methods used by insurers to develop their pricing mortality assumptions for fully underwritten life insurance in the U.S. The objective was to understand how companies adjust base mortality tables and whether mortality improvement was assumed.