Description: This letter from the President of the SOA finds that the changing nature of the risks our stakeholders face creates an opportunity for the actuarial profession, if our reactions meets their needs. From The Actuary, February 2012, Volume 9, Issue 1.

Description: 1994 SOA Spring Meeting, San Francisco. This session addressed some of the unanswered questions with respect to Appointed Actuary issues. Questions addressed: • Should stockholder dividends be included in the appointed actuary's reserve/asset adequacy analysis? • How are appointed actuaries handling Section 7 Opinions in states that have not yet adopted the model regulations? • How are appointed actuaries addressing the aggregate requirement in the state of filing? • What about retroactive/extraterritorial reserve requirements? • Are appointed actuaries addressing the going-concern issues for undercapitalized companies? Should they?

Description: The purpose of this article is twofold. Number one, to estimate the growing level of statutory reserves that are being reinsured offshore, supported by Letters of Credit, as well as by assets held within a trust. Number two, to quantify the redundancy in the reserves due to the conservative nature of the required methodology, combined with the utilization of an outdated mortality table.

Description: Implementation of Statement of Position 03-1 for Lapse Protected Life Products

Description: 1993 SOA Annual Meeting, New York. This session was about defining lifetime marketing, a calculation of the lifetime customer value, and database marketing.

Description: This session from the 1993 Valuation Actuary Symposium covers emerging GAAP issues including market value accounting and the impact on the company, management information, FAS 97, FAS 115, FAS 107 and FAS 114, recent development in GAAP for mutuals, cash flow testing for reviewing GAAP reserve adequacy and purchase accounting.

Description: This session from the 1994 Valuation Actuary Symposium covers GAAP issues and fair value financial reporting including the topics of FAS 115, fair valuation of liabilities, purchase-GAAP accounting and GAAP for mutuals.

Description: 1994 SOA Spring Meeting, San Francisco. This session on Purchase GAAP accounting provides insight on related topics currently under discussion by the Emerging Issues Task Force of FASB.

Description: The purpose of this paper is to examine the various profit objectives used in the development of a new product for a stock life insurance company. From Product Development Section Monograph, M-AS99-3.

Description: Three industry actuarial experts respond to pre-submitted and from-audience questions regarding the future of the valuation actuary, and statutory and GAAP accounting issues. Session 30OF of the 2005 Valuation Actuary Symposium.