Description: This session 68 TS of the New Orleans Annual Meeting discusses profit measures such as profit margin, statutory return on investment ROI, and return on equity ROE have been used to make decisions concerning new products. From the Record of the Society of Actuaries, Volume 27, No. 3, Session 68TS.

Description: The objective of this presentation was to evaluate the different pricing techniques as to their effectiveness in capturing and quantifying the varied risks associated with the sale and administration of life insurance and annuity products. The results of a 2002 company survey about pricing were presented in support of this objective.

Description: This session at the SOA 2001 Toronto Spring Meeting offers an overview of stochastic pricing including stochastic variables, equity market models, interest rate models and policyholder behavior. An example is given using a variable annuity product.

Description: In this session from the 1995 Spring Meeting, panelists will discuss the structure, cost, and reserving practices of variable annuity guaranteed minimum death benefits. They also identify and meaure the risks associated with GMDBs. It From Record of Society of Actuaries Vol. 21, No. 1.

Description: 1992 SOA Regional Meeting, Anaheim. This session provided an update of topics relating to individual annuity products. Subjects covered included: 1. The marketing and design of variable annuities, fixed interest rate annuities and market-value adjusted annuities. 2. Immediate annuities with participation and liquidity features.

Description: This session at the SOA 1990 San Francisco Spring Meeting is about improving the product development process, in particular, getting the proper product to the proper market as quickly as possible. Macro-pricing is explained and discussed.

Description: 1992 SOA Annual Meeting, Washington, D.C. This session on repricing the in-force book of business addressed ASB requirements, data gathering, assumption setting, modeling considerations, coordination with financial areas, par versus interest-sensitive products, and communicating results to management.

Description: This panel discussion looks at individual tax qualified products. The areas addressed include regulatory developments, products being used, the effect of volatile money markets on product design, variations in assumptions by market, variations in results by market, defined benefit HR10, spousal IRAs, and Canadian RRSP's.

Description: 1993 SOA Annual Meeting, New York. This session is about the use of cash-flow testing in product development. Topics addressed: 1. The problem of interest rate risk and its driving forces. 2. The assumptions needed for cash-flow testing. 3. The pros and cons of deterministic versus stochastic testing. 4. The economic quantities measured in cash-flow testing. 5. The the technique of market-value analysis. 6. Research done to apply modem finance theory to determine the net worth of the enterprise in a way that directly demonstrates the financial impact of embedded options in assets and liabilities. 7. The technique of market-value analysis which adopts the innovations of duration/convexity analysis and option-pricing theory and applies these concepts to insurance liabilities. 8. The application of modern finance theory to determine the net worth of the enterprise. 9. A description of different uses of the OAVDE tool.

Description: This session at the SOA 1990 San Francisco Spring Meeting is about the relationship between product design and investment policy. The focus is on a review of investment metircs, discussion of option adjusted spreads, and the use of total return from equity investments to support insurance products.