Description: From a panel discussion session at the 2002 Valuation Actuary Symposium, held in Lake Buena Vista, Florida, September 19–20, 2002 Panelists discuss the embedded value process, including discount rate, uses for embedded value reporting and implementation issues. Also included a discussion of fair value accounting methodology.

Description: This presentation is an open forum, session number 21OF, from the 2002 Valuation Actuary Symposium, held September 19-20 in Lake Buena Vista, FL. In this open forum, the panelists address the requirements under statutory codification, and the approaches being used to meet these requirements. Topics include policy classification, deferred taxes, disclosure, state differences, and implementation issues. Discussion from participants is included.

Description: 1994 SOA Spring Meeting, San Francisco. This session provided an overview on the following issues regarding solvency analysis: 1. Will the actuary perform a financial condition analysis or provide an opinion on solvency? 2. Will the analysis be for internal use only or for public reporting? 3. Progress on the SOA's Dynamic Solvency Handbook. 4. Dynamic solvency research. 5. Canadian experience with solvency testing.

Description: Panelists at this session of the SOA 1998 Maui I Spring Meeting discuss a proposed American Academy of Actuaries Life and Health Actuarial Task Force study of current valuation methods applicable to life insurance, annuities, and health insurance. As a result of new products, such as equity indexed annuities, the current formula driven reserving system is in need of basic change.

Description: This presentation is a concurrent session from the 1991 Meeting of the Society of Actuaries, held April 18-19 in New Orleans. The panelists present the history and current status of the mandatory securities valuation reserve, ‘MSVR,’, discuss the work of the Ward Committee, established by the National Association of Insurance Commissioners to review and recommend changes to the MSVR, and discuss the regulatory viewpoint, including solvency, risk-based capital, Regulation 126, and the AVR or asset valuation reserve. Discussion from participants is included. From the Record of Society of Actuaries, Volume 17, No. 1.

Description: This presentation is a Teaching Session, number 6TS, from the 2000 Valuation Actuary Symposium, held September 14-15 in Washington, DC. Late in 1999, the National Association of Insurance Commissioners [NAIC] adopted Codification of Statutory Accounting Principles. With a targeted uniform compliance date of January 1, 2001, insurers need to focus their attention on the implementation impacts associated with codification. The instructors provide a brief introduction to codification, and discuss the impacts that codification might have on life insurance companies, including: changes in accounting treatment and their impact on surplus and risk-based capital required changes in operational policies and procedures and changes in the annual and quarterly statement reporting process. Discussion from participants is included.

Description: This panel discussion, presented at the SOA's May 1976 Meeting in Houston, presented information related to the philosophy and practice of investment income allocation. Topics inlcluded: investment income allocation for individual and group products, subdivision of investment income by line of business, new money rates applicability for individual and group products, investment considerations for pension, annuity and life insurance, and regulatory restraints. From Record of the Society of Actuaries 1976, Volume 2, No. 2.

Description: This session at the SOA 1990 Annual Meeting covers solvency requirements for life companies in the U.S., Canada, Mexico, Japan, U.K. and Europe.

Description: 1998 Valuation Actuary Symposium. Dynamic Financial Condition Analysis is analysis and sensitivity testing and stress testing. Stated another way it is measuring the ability of a company to support future operations. The panelists provided an update on recent Society research that has been done and examples in practice.