Description: Presented at May 2002 Spring Meeting. Discusses the status of the second phase of the AAA C-3 Risk project. This project is leading to an updated NAIC filing requirement and is a step toward fair value. The specific focus is on equity risk and bond funds in the distribution tails. Products covered include variable life and annuities.

Description: Presented at October 2001 Annual Meeting. Discusses three key factors related to catastrophic health care events: • Trends in health care delivery and medical technology that are likely to impact catastrophic care costs • Methods of cost and risk control through early identification and specialized medical management • Modeling the cost of catastrophic events on health insurance programs

Description: What is the impact of aging populations on economic growth and interest rates?” “Are low interest rates and inflation a short-term phenomenon?” “How will returns from different asset classes be impacted by future demographic trends?” “What are the differences between different countries and regions around the world?”

Description: From a panel discussion session at the 2000 Valuation Actuary Symposium held in Washington DC, September 14-15, 2000 Overview of New York Regulation 163, including the limits on different types of derivative activities, the Derivative Use Plan required by New York, and the reporting and control requirements.

Description: Presented at May 2002 Spring Meeting. Attendees learn about the new capital allocation, the financial products company 'FPC' model recently developed by S&P -including S&P's view of interest rate risk and credit risk in the FPC model, challenges of implementing the model for a life insurance company, and how the FPC model compares to economic capital methodology.

Description: This session from the 2003 Washington D.C. Spring Meeting discusses a variety of risks that need to be considered in pricing life and annuity products. This session also reviews the results of the Risk Management Task Force Survey including how companies were measuring profit, how they were reflecting risk in pricing, how results were analyzed and how specific risks were being modeled. From the Record of the Society of Actuaries, Volume 29, No. 1, Session 7PD.

Description: Panelists discuss efforts toward developing a more-formal set of requirements for the valuation actuary in the valuation process. From the 1988 Record of Society of Actuaries, Vol. 14, No. 3.

Description: The conditional tail expectation [CTE] is a popular actuarial risk measure and a useful tool in financial risk assessment. Under the classical assumption that the second moment of the loss variable is finite, the asymptotic normality of the non-parametric CTE estimator has already been established in the literature. That result, however, is not applicable when the loss variable follows any distribution with infinite second moment, which is a frequent situation in practice. With a help of extreme-value methodology, this presentation offers a solution to the problem by suggesting a new CTE estimator, which is applicable when claims losses have finite means but infinite variances.

Description: Committee members discuss the objectives of COVARA, areas of current research, summary of findings about C-1 Risk, C-2 Risk, C-3 Risk, and Combination of Risks, and future areas of committee interest. From the 1987 Record of Society of Actuaries, Vol. 13, No. 4B.

Description: Panelists discuss the risks inherent in common variable and equity-indexed annuity designs, including Guaranteed Minimum Death Benefits [GMDBs]. The effects of changes in interest rates, market level, and implied and actual volatility on economic and accounting results, as well as reinsurance and various kinds of hedging, are discussed. From the 2002 Record of Society of Actuaries, Volume 28, No. 3. Session 121PD of the Boston Annual Meeting.