Description: This presentation is an open forum from the 1991 Annual Meeting of the Society of Actuaries, held October 20-23 in Toronto. The speakers, members of the Pension Committee of the Actuarial Standards Board [ASB], present an update on the ASB’s exposure drafts of actuarial standards of practice intended to provide detailed guidance on setting economic assumptions for pension plans. The session is concerned with selecting actuarial assumptions, specifically economic assumptions, for measuring pension obligations. The speakers note that in addition to providing guidance to actuaries, the standards are designed to help users of our work product understand what actuaries consider in determining their assumptions. Discussion from participants is included. From the Record of Society of Actuaries, Volume 17, No. 4B.

Description: This document summarizes a meeting of the Reinsurance Section that occurred at the October 1982 Society of Actuaries annual Meeting in Washington D.C. The meeting consisted of a discussion related to the role and purpose of the section, a discussion of problems and pitfalls related to reinsurance treaties, and discussions related to choosing a reinsurer.

Description: This presentation is a concurrent session from the 1991 Meeting of the Society of Actuaries, held April 18-19 in New Orleans. The panel will discuss the approaches and techniques used for pricing and modeling insurance products, including commercial software, internal systems, maintenance issues, staff training, and asset/liability systems. Discussion from participants is included. From the Record of Society of Actuaries, Volume 17, No. 1.

Description: Discusses how surplus should be defined, how it should be invested, and how the rating agencies may respond to various approaches. From the 1987 Record of Society of Actuaries, Vol. 13, No. 3.

Description: Panel discussion of alternative approaches to the design of reserve standards, to include those topics discussed in several recent papers and committee reports.

Description: From the 1986 Valuation Actuary Symposium, held in Washington DC in October 1986 Examination of real life case studies of recent insurance company insolvencies to test whether the concept of the Valuation Actuary would have prevented insolvencies or reduced the losses resulting from insolvencies.

Description: Discusses statutory accounting variations, credit-for-reinsurance rules [surplus-relief regulation, security for unauthorized reinsurance, and mirror reserving], GAAP vs. statutory accounting, and an update on recent reinsurance-related activities of the AICPA and the American Academy of Actuaries. From the 1988 Record of Society of Actuaries, Vol. 14, No. 3.

Description: From the Record 1977 Vol. 3, No. 1, this presentation is from a concurrent session at the Society of Actuaries 1977 Regional Meeting, held in Atlanta March 31-April 1. In this session, the presenters discuss investment objectives, strategies and plans. The actuary’s role in investment planning is addressed, including how asset management relates to pricing and reserves, asset liability matching, liquidity, and management of risk exposure.

Description: Informative discussion about pricing techniques, including: [1] uses of return on investment [ROI], GAAP return on equity [ROE], and universal life [UL] and other profit measures, [2] scenario testing, [3] expenses, [4] target surplus, and [5] federal-income-tax considerations. From the 1988 Record of Society of Actuaries, Vol. 14, No. 2.

Description: Presented at September 1995 Valuation Actuary Symposium. Discusses the Health Organization Risk-Based Capital formula.