Description: A paper on investment results of life insurance companies investing in high-yield, lower quality bonds, September, 1999.

Description: Panelists discuss issues faced by the insurance-company portfolio manager, how to measure or value interest-rate risk, some of the new cash investment vehicles available, the futures and options market, construction of a synthetic security, and the review of mortgage-backed securities under new analytical techniques. From the 1987 Record of Society of Actuaries, Vol. 13, No. 3.

Description: 1993 SOA Meeting, Quebec. This session discussion is about accounting, collateralized mortgage obligation structures, hybrid bonds, federal income taxes, fair-value disclosures and derivatives.

Description: Study Note Corner from Pension Section News, October 2000, Issue No. 44.

Description: 1994 SOA Spring Meeting, San Francisco. In this interactive presentation, the panel fielded investment questions from the audience. Prepared and audience questions included: 1. What is the FLUX measure? What's it supposed to do for regulators and insurance companies? 2. What sort of things really went on that caused the difficulties at Executive Life, First Capital, and Mutual Benefit? 3. What are some examples of hedges that you would recommend for a $100 million SPDA portfolio to try and combat the effects of rising interest rates? 4. Given the changes that experienced in interest rates, what's that been doing to the durations of typical interest-sensitive liabilities? 5. What do you do to hedge with derivatives or whatever if interest rates are going down? 6. What level of asset-liability matching do companies usually target? How do regulators view this?

Description: [Title should have been 'Communication by Actuaries WITH Investment Professionals ....'] Actuaries working with investments must communicate not only with investment professionals, but also with senior managers and board members with non-financial backgrounds. Panelists show and critique examples of communicating such information using statistics and graphs. From the 2002 Record of Society of Actuaries, Volume 28, No. 3. Session 136PD of the Boston Annual Meeting.

Description: This article is about junk assets. Insurance companies own over one third of the junk assets in the U.S. which has raised concerns and caused certain states to enact laws or regulations regarding junk investments.

Description: Summary of a speech given by Raymond Chang, the chairman of the board of CI Fund Management Inc., about investing in the Far East.

Description: The purpose of this paper is to present to the actuarial profession a stochastic investment model which can be used for simulations extending for many years ahead. Discussed in the paper are the general reasons for choosing the style of model, the general model and how to use it, the assumptions and the sensitivity of model to the assumptions made and the possible applications in the investment and actuarial fields.

Description: A brief overview of modeling bonds and mortgages