Description: This session from the 1983 SOA Spring Meeting reviews the need for strategic planning in the insurance industry. It discusses investigating the market, carrying out the strategic planning and the problems that may be encountered.

Description: This session from the 1984 SOA New York City Meeting discusses financial futures and options, an example of using options to hedge a risk, investment optimization and taxation. From Record of the Society of Actuaries Vol. 10, No. 3

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.

Description: Demographic changes around the world may present actuaries with an opportunity to tackle product development, risk management and asset allocation challenges involving financial and investment variables.

Description: An economic value model is used by the National Hockey League NHL to allocate salary budgets between players using a method based principally on salary comparison between players with similar statistics.

Description: This is the abstract of the paper Risk Classification by Fuzzy Cluster. In this paper an algorithm for risk classification is proposed. This algorithm is based on the concepts of fuzzy cluster. We test our algorithm with two examples, the results are very promising.

Description: The concept of transformed distributions is generalized in this paper. First the concepts of net premium intensity, loaded premium intensity and load generators arc introduced. Then transformed distributions are identified with premium intensity and hence the loaded premium is calculated from transformed distributions. Finally it is shown that this method of premimn calculation is arbitrage free and it incorporates the strengths of the utility approach.

Description: This article discusses some 'standard' methods of foreign expansions. Strategic decisions for expansion in foreign countries require more than qualitative discussions about foreign expansion. It requires hard numbers on the benefits of such strategic expansion plans and is illustrated here with the example of MetLife's 2002 purchase of Ahisa [Aseguradora Hidalgo]. With that purchase, more than 70% of the Mexican insurance market is in the hand of foreign companies.

Description: This paper applies the duality theory of linear programming to provide insights for generalizing and solving the cash-flow matching problem.

Description: This report describes a stochastic simulation approach used to estimate the amount of a level-payment annuity payable as long as the person is alive and living in his/her house. A discussion of the paper follows. From Transactions of Society of Actuaries 1991, Vol. 43.