Description: This session from the 1993 Valuation Actuary Symposium focuses on general modeling issues associated with the completion of the opinion and memorandum required by revisions to the Standard Valuation Law. It concentrates on liability modeling.

Description: 1987 Valuation Actuary Symposium. This session discussed the implementation of a solvency testing process, associated company considerations, and the ways in which the process might be viewed by other parties.

Description: This presentation is a Teaching Session, number 3, from the 1987 Valuation Actuary Symposium. The first instructor discusses three methods of valuation [and methods of studying C-3 risk]: Gross Premium Valuation [the actuary’s traditional approach], Cash Flow Analysis, and Market Value Analysis, also known as ‘Modern Financial Analysis,’ with a focus on the third. Then the second instructor provides an update on C-2 risk [claims, expenses], and combinations of risk, noting that C-2 risk has not had much attention paid to it. He goes on to describe three types of C-2 risk: stochastic deviations, unpredictable single events, and ‘judgment errors, such as poor underwriting. The third instructor focuses on the C-1 [default] risk. Case studies are included.

Description: This presentation explores the applicability of multiple population versions of the Lee-Carter model in the modelling of mortality by cause of death and socio-economic stratification.

Description: As the Valuation Manual continues to evolve and PBR standards for additional products are drafted and incorporated, it will become increasingly important for companies to understand how the requirements are consistent across products, as well as how they differ. The presenters will scan the life (VM-20) and annuity (VM-21, VM-22) PBR standards across the Valuation Manual to compare and contrast key requirements. Attendees will learn where common methods and techniques can be used across products and platforms.

Description: In this discussion, Peter Bishop provides an update of the topics and conclusions of the July meeting of the World Future Society and expands upon the issues most relevant to actuaries, including the status of current futurism research and the significance of emerging knowledge. From Record of Society of Actuaries, Vol. 30, No. 3.

Description: This presentation develops an integrated approach that addresses simultaneously guaranteed annuity option (GAO)’s pricing and capital requirement calculation.

Description: This presentation is a concurrent session from the 1980 Annual Meeting of the Society of Actuaries, held October 20-22 in Montreal. This session was arranged by the American Statistical Association, ‘ASA,’ and the five panelists are biostatisticians, the moderator being the sole actuary. It is the result of efforts by the ASA and SOA to work together and provide sessions at each other’s meetings. The panelists discuss specialized techniques developed for making greater use of noninsurance studies such as medical follow-ups and clinical trial analyses, which may, because of their nature, involve relatively small groups, and compare them with the more traditional actuarial methodology. Discussion from participants is included. From the Record of Society of Actuaries, Volume 6, No. 4.

Description: This session from the 1983 SOA Hollywood, Florida Meeting discusses the practical application of risk analysis technique In Health Insurance. This includes using company claim information and multinomial distributions for predictive purposes and using this information to price health insurance. From Record of Society of Actuaries Vol. 9, No. 4

Description: 1997 Valuation Actuary Symposium, Session 5 explores health cash-flow testing.