Description: This is a discussion regarding actuarial considerations for mutual companies and covers such topics as: how is the overall level of retained surplus determined, do companies have surplus management programs, what are the rights of participating policyholders, are Generally Accepted Accounting Principles GAAP being used for mutuals, how do companies reconcile growth and surplus and whether or not limits should be placed on growth and finally, what actuarial considerations are involved in mergers, acquisitions, divestitures and wind ups.

Description: Article from The Actuary January 1993 Volume 27, No. 1 highlights Editorial winners and losers

Description: The panel discussed conservation strategies for permanent and term insurance. Topics included: 1.Impact on in-force business from new products e.g., continuous reduction in ART rails, non-smoker discounts, universal life: increased policy loans?, replacements?, lapses?, surrenders and _exchanges? 2. Responses from companies: e.g. extension of new cost methods to existing policyholders?, Field compensation when replacing existing business?, internal conservation functions?, update programs policyholder/agent communication strategies? applicability of new products to in-force policyholders. 3. Interest groups which must be considered and differences between stock vs. mutual companies? e.g. Policyholder, agent/broker, management, stockholders, prospective policyholder, legal/regulatory forces IRS, SEC, state insurance departments. 4. Appropriate financial considerations and anticipated results? Is stonewalling a viable alternative? GAAP effects statutory effects use of reinsurance field force compensation/survival, anticipated future mortality results, Federal Income Taxes.

Description: More than 1,200 actuaries traveled to Washington, D.C. last month for a landmark event, the Centennial celebration of the Actuarial Profession in North America. This historic meeting was memorable for the quality of the presentations, for the cooperative effort among the five sponsoring organizations, and for a pervading spirit of pride in our profession. Held June 12-14 at the Sheraton Washington Hotel. It was indeed a celebration.

Description: This 1978 session discussion included important challenges to the actuarial profession that result from current social and economic changes, opportunities for actuarial input in a political process, and expanding horizons for the actuarial profession. From Record of Society of Actuaries, Vol. 4, No. 1.

Description: The Task Force on Special Interests conducted a membership survey regarding how the SOA could improve its professional development efforts. This led to a recommendation to form special interest Sections - which is discussed in this article.

Description: This session from the 1984 SOA Toronto Meeting examines the current proposals, regulation and deregulation in the U.S. sector and Canada, The Baldwin-United problem and the implications for the life insurance framework in Canada. From Record of the Society of Actuaries Vol. 10. No. 4

Description: This 1978 panel discussion was on new actuarial standards for in Canada. Topics covered included: 1. The flexibility afforded the Canadian Valuation Actuary under the new Insurance Acts. 2. A comparison to the current GAAP and statutory reporting requirements in the U.S. and to the reporting requirements in the United Kingdom.

Description: This panel discussion presents the issues involving the reorganization of the actuarial profession being considered by the Vogel Committee.

Description: This paper attempts to develop an actuarial rationalization for the governance of a mutual life insurance company. It addresses setting surplus targets, long term growth objectives, internal performance accounting, and mergers and acquisitions. A discussion of the paper follows. From Transactions of Society of Actuaries 1979, Vol. 31.