Description: This presentation was made at the SOA 1975 New York Spring Meeting. It discusses new variables and uncertainties determining future reserve and surplus levels and operating expenses and profits, and how these issues should be addressed. 1975 Record, Vol. 1, No. 2.

Description: An exploration of risk management challenges in the Middle East, including historical overcapitalization, inadequate data and governance issues.

Description: This paper describes the application of source of earnings 'SOE' analysis methodology to the reported pre-tax GAAP income of universal life and other interest-sensitive life and annuity products.

Description: This session from the 2003 Washington D.C. Spring Meeting discusses the recent economic conditions in Europe, Asia and North America and the changes in product design and risk management that have taken place to address such financial risk. From the Record of the Society of Actuaries, Volume 29, No. 1, Session 77PD.

Description: Presented at October 1996 Annual Meeting. This session will describe the theoretical and practical aspects of several tools currently being used by a growing number of companies to assist in strategic re-positioning as financial supermarkets.

Description: Abstract: Individuals face many risks during different phases of their financial life cycle. These risks in turn have major financial implications on their wealth creation, wealth preservation and wealth distribution aspirations. Traditionally risk taking is viewed negatively in relation to the personal financial-planning domain. In fact, most of the studies linking risk management to personal financial-planning focus primarily on investment and insurance related risks. In contrast, enterprise risk management (ERM) takes a portfolio view of risks right from the personal level to the organization level. The existing literature on ERM is seen as an essential feature of corporate world and there is not much literature available that explicitly addresses the issue of aligning ERM framework to the whole spectrum of personal financial planning. In this backdrop, it seems logical to develop an in-depth study on aligning an ERM framework to a personal-financial planning domain. Accordingly, this conceptual paper, avoiding mathematical jargon, extensively examines the extent to which ERM can be aligned to the personal-financial planning domain. The Study concludes by suggesting how individuals should identify, aggregate, evaluate and address risks across the whole spectrum of personal financial planning domain

Description: In the copula literature there are many bivariate distribution families but very few higher dimensional ones. Moreover, most of these are difficult to work with. Some of the bivariate families can be extended to more dimensions but in general the construction of distribution functions with more than two variables is a difficult problem. This paper introduces a construction method that is straightforward to implement and can produce multivariate distribution functions of any dimension.