Description: Institutional investors such as pension plans and insurance companies have enjoyed strong equity returns for a length of time with few historical precedents. Nearly a decade after the end of the financial crisis, strategies to provide downside protection remain expensive and the performance of traditional risk-managed funds has disappointed investors.

Description: This panel discussion covers reports of The Society's Special Committees on Valuation and Non-forfeiture, report of The Special Committee on Valuation of Canadian Companies, and some reflections on valuation and related problems.

Description: Provides a how-to session on modeling assets and liabilities in the Valuation Actuary's work to comply with the Standard Valuation Law. Comparisons of the methods discussed are occasionally made with the requirements of New York Regulation 126. Session 12 of the 1991 Valuation Actuary Symposium.

Description: This session from the 2003 SOA Orlando Meeting covers XXX reserves for term insurance and UL from the ceding company and reinsurer standpoint, X-factor classes, the 2001 CSO and securitization and accessing capital markets for solutions for reserves and capital requirments of XXX. From the Record of the Society of Actuaries, Volume 29, No. 3.

Description: This panel discussion is about claim reserves. It focused on: 1. Review of methods and statutory requirements in the establishment of claim reserves for property and casualty, life and health insurance. 2. Discussion of different approaches in casualty and life blanks e.g., incurred but not reported reserves.

Description: This session at the SOA 2001 Annual Meeting presents issues with the implementation of Regulation XXX including X-factor certification, development of an actuarial guideline for XXX, issues with certain policy designs, and UL products with prefunding of guarantees.

Description: 1998 Valuation Actuary Symposium. This session about strengthening reserves based on cash-flow testing provided some practical solutions to reserve-strengthening issues using reinsurance and a look at the issue from a small company perspective.

Description: The presenters will cover the latest research undertaken by the Individual Life Experience Committee (ILEC). With several years of very robust individual life insurance experience data accumulated through the mandatory Statistical Agent data calls, this vast amount of data allows for various deeper dives into specific segments of business, such as large face amount, older age or juvenile. Speakers will cover studies the committee is currently involved in, future planned efforts, and results from a variety of sub-segments of business. Attendees will learn about emerging statistical techniques in scrubbing data, more refined quintile-grouped data segments, and interesting ways of conceptualizing how A/E results have changed from year to year. There will be something for everyone!

Description: 1992 SOA Annual Meeting, Washington, D.C. This 1992 session on the Statutory Valuation Opinion covered the following topics: 1. Regulatory issues and the amendments to the standard valuation law. 2. Practical considerations, such as accumulating data, setting assumptions and creating models. 3. Issues and considerations involved in cash-flow testing.

Description: Regulators observed a wide range of practice from early adopters of PBR in regard to the treatment of non-guaranteed reinsurance and adopted a formulaic solution on an interim basis for the 2020 Valuation Manual. A field test, supplemented with additional analysis performed using a model-office approach with representative models, is being performed over the first half of 2020 to inform regulators as they select a longer-term solution. This session will provide an update on this important issue as well as perspectives on how the resolution of this issue was approached and lessons learned for the future from those intimately involved in this work.