Description: Experts in this area discuss the latest research, the impact on risk classification, the legislative and regulatory issues involved, and the latest efforts by the American Academy of Actuaries. From the 1997 Record of Society of Actuaries, Vol. 23, No. 3.

Description: This presentation is a Teaching Session, number 3, from the 1987 Valuation Actuary Symposium. The first instructor discusses three methods of valuation [and methods of studying C-3 risk]: Gross Premium Valuation [the actuary’s traditional approach], Cash Flow Analysis, and Market Value Analysis, also known as ‘Modern Financial Analysis,’ with a focus on the third. Then the second instructor provides an update on C-2 risk [claims, expenses], and combinations of risk, noting that C-2 risk has not had much attention paid to it. He goes on to describe three types of C-2 risk: stochastic deviations, unpredictable single events, and ‘judgment errors, such as poor underwriting. The third instructor focuses on the C-1 [default] risk. Case studies are included.

Description: Members of the Life Practice Council of the American Academy of Actuaries discuss the activity surrounding their key issues, and additional projects before the National Association of Insurance Commissioners. From the 1997 Record of Society of Actuaries, Vol. 23, No. 3.

Description: This session discussion is about economic value of mutual companies, realization of economic value. policyholders' rights to value and implications for the management of mutuals. From Record of the Society of Actuaries Vol. 15, No. 3B.

Description: 1998 Valuation Actuary Symposium. The panelists provided background about the Unified Valuation Law model, how we got here, what's going on today in 1998, and what we can look for in the future.

Description: Panelists discuss the Joint CAS/SOA Statement of General Actuarial Principles Exposure draft. Topics included are: -actuarial modeling -statistical regularity -stochastic modeling -time preference -diversity of preferences -present value of modeling -modeling of actuarial risks -validity of actuarial models -combinations of cash flows Risk Management: -avoidance of risks -actuarial soundness -risk classification -induced experience -credibility -anti-selection -information asymmetry -selection experience. From the Record of the Society of Actuaries, Vol. 23, No. 2.

Description: This session from the 1995 SOA New Orleans Meeting discusses FAS 107, FAS 115, market value of liabilities, the impact of changing interest rates, and statutory issues, including market-value-adjusted products. From the Record of the Society of Actuaries, Vol. 21, No. 1.

Description: 1993 SOA Annual Meeting, New York. This session is about Market-Value Accounting. Topics included: 1. Where market-value accounting came from. 2. An historical perspective on the issue. 3. The mechanics of MVA. 4. How companies may change their investment strategies as a result of SFAS 115.

Description: An article that defines the scope of the Society of Actuaries reorganized administrative practice areas: life insurance, health benefit systems, retirement systems, and financial and investment management and solicits input from membership about the allocation of responsibilities.

Description: This session discussion is about securization of assets such as premium streams, policy loans or future premium loadings. From Record of the Society of Actuaries Vol. 15, No. 2.