Description: 1993 SOA Annual Meeting, New York. This session is about the use of cash-flow testing in product development. Topics addressed: 1. The problem of interest rate risk and its driving forces. 2. The assumptions needed for cash-flow testing. 3. The pros and cons of deterministic versus stochastic testing. 4. The economic quantities measured in cash-flow testing. 5. The the technique of market-value analysis. 6. Research done to apply modem finance theory to determine the net worth of the enterprise in a way that directly demonstrates the financial impact of embedded options in assets and liabilities. 7. The technique of market-value analysis which adopts the innovations of duration/convexity analysis and option-pricing theory and applies these concepts to insurance liabilities. 8. The application of modern finance theory to determine the net worth of the enterprise. 9. A description of different uses of the OAVDE tool.

Description: In this session from the 1995 Spring Meeting, panelists will discuss the structure, cost, and reserving practices of variable annuity guaranteed minimum death benefits. They also identify and meaure the risks associated with GMDBs. It From Record of Society of Actuaries Vol. 21, No. 1.

Description: Summary of the SOA's Annuity Valuation with Dependent Mortality research report which examines the standard industry practice of assuming independent lives for insurance products that cover multiple lives.

Description: This session from the 1983 SOA Hollywood, Florida Meeting discusses the Norris case, the Fair Insurance Practices Act and HR100, known as the Non-Discrimination in Insurance Act and the implications of these current developments regarding risk classification in the insurance industry and pension plans. From Record of the Society Vol. 9, No. 4

Description: This article reviews some of the highlights of th 2010 SOA Annual meeting including the impact on pricing resulting from Solvency II, Market Consistent Valuation of New Business - MCVNB, the latest on mortality, Standards of Practice in product development, managing risk in product design and a regulation update.

Description: This article delves into a new line of statistical thinking of the author, that may be useful for product development actuaries. The key concept is how product design can produce products that diversify quickly, meaning that the company can be confident of a profitable product line, based on fewer sales than might be true for other designs.

Description: This discussion is about various methods for grading premiums and/or cash values by face amount size. Also a discussion of reasonable interest and mortality assumptions for computing retirement income policy maturity values and optional settlement rates guaranteed in new policies.

Description: Development of a formula for the continuous annuity ax:n| in terms of the Makeham parameters A, B, and c, and the force of interest. Followed by several discussion papers submitted

Description: This session 68 TS of the New Orleans Annual Meeting discusses profit measures such as profit margin, statutory return on investment ROI, and return on equity ROE have been used to make decisions concerning new products. From the Record of the Society of Actuaries, Volume 27, No. 3, Session 68TS.

Description: This paper studies how changes in the fractions of various groups of individuals, the survival probabilities of various types and the attitudes towards risks of the customers affect the equilibrium price of annuity contracts. From the Actuarial Research Clearing House ARCH 1989 Vol. 2.