Description: This session at the SOA 2003 Washington, DC Spring Meeting is a debate on the pros and cons of three alternative reporting methods -Embedded [Economic] Value, Fair Value and U.S. GAAP - as measures of shareholder-value creation and as pricing tools. Each speaker describes his preferred method, emphasizing the uses and advantages of the method, and critiques the other methods.

Description: This panel discussion is from the 1991 Meeting of the Society of Actuaries, held May 16-17 in New York. The panelists discuss emerging trends in the financial condition of the life insurance industry, how the financial condition of a company is determined by the rating agencies, and the value and reliability of ratings with respect to a company’s current and future financial condition. The potential role of actuaries, the value of the statutory financial statements, the users of the ratings, and how they affect the rated companies are discussed. Discussion from participants is included. From the Record of Society of Actuaries, Volume 17, No. 2.

Description: Panelists discuss prevailing business models, as well as the role of the home office, adopted by valuation departments to meet business needs. Potential business models include decentralized subsidiary models, centralized hub, outsourced to external vendor and hybrids.

Description: 1993 SOA Spring Meeting, Boston. The session is about fair-value financial reporting. It discussed market value/present value, economic value/value added, Financial Accounting Standards Board initiatives, and Europe 1992.

Description: This presentation is a Teaching Session, number 31TS, from the 2002 Valuation Actuary Symposium, held September 19-20 in Lake Buena Vista, FL. The instructors discuss the practical aspects of implementing the draft American Institute of Certified Public Accountants [AICPA] Statement of Position [SOP] regarding nontraditional long-duration contracts. Specific items include separate account reporting, valuation of products with multiple account values, valuation of death/other insurance benefit under universal life-type contracts, and sales inducements.

Description: This session 45OF of the 2004 Valuation Actuary Symposium addresses the implementations of FAS 133 including embedded derivatives and host-contract accounting.

Description: This session at the 2004 Valuation Actuary Symposium provides an overview of statutory valuation issues for life and annuity products including the Actuarial Opinion and Memorandum Regulation, variable products reserving standard, adoption of 2001 CSO, C-3 Phase II RBC project and nonforfeiture changes.

Description: This session from the 1995 SOA Boston Meeting presents the latest findings of the NAIC, the AICPA, the ACLI and the FASB including FAS 120, GAAP for mutuals and the fair-value liability model. From the Record of the Society of Actuaries, Vol. 21, No. 4a.

Description: Summary: Panelists discuss considerations in the design of retirement programs in the United States and Canada. From the Record of the Society of Actuaries, Vol. 25, No. 2.

Description: This 1990 panel discussion is about the IRC Section 412 minimum contribution requirements and the IRC Section 404 maximum deductible contributions. Also discussed is a comparison of these U.S. contribution regulations with those of Canada and other countries including Australia, Brazil, Belgium, Japan, Mexico, South Africa, Switzerland and the U.K. From the Record of the Society of Actuaries Vol. 16, No. 4B.