Description: 1992 SOA Annual Meeting, Washington, D.C. The stated purpose of this session was to discuss specifically how a company can manage and improve its financial performance as measured by the statutory financial statement. Eleven strategies to improve performance were addressed.

Description: 1993 SOA Spring Meeting, San Diego. This session is about risk-based capital, NAIC activities, and how Blue Cross/Blue Shield's initiatives intertwine with the model bill on RBC that the NAIC has proposed.

Description: After the bid process, desk review, rebate reallocation, an “enjoyable” audit, and open enrollment; the Medicare plan year starts. Throughout the year, organizations find it pertinent to get an accurate picture of their Part D liability as reinsurance, LICS (Low Income Cost-Sharing) subsidy, and risk corridors are accrued. Attendees will learn about the basics of Part D accruals, how future accrual amounts are estimated based on patterns in the data, and how bid assumptions versus actual results impact plan sponsor profitability. We will also discuss financial statement treatment of these items. Real-life examples from bids to outcomes will be provided to enhance the discussion. Ultimately, attendees will come away with a deeper understanding how their bid assumptions play out, and how they can use Part D accruals to plan for future bid development.

Description: This session will cover lessons learned during the course of implementing PBR by the panelists. It will focus on areas that were difficult to interpret, unexpected issues and managing the process. It will focus on potential stumbling blocks from an implementation, pricing and product development standpoint. There will also be an overview of YRT treatment to date and an update on any emerging best practices.

Description: Panelists provide an overview of risk-based capital requirements. Also discussed are shortcomings and proposed changes currently under consideration. Practical issues with the implementation of these ideas are also presented. From the Record of the Society of Actuaries, Vol. 24, No. 3.

Description: Presented at June 1985 Spring Meeting. This session discussion was an overview of the valuation actuary's role, product development implications, actuarial profession implications, implications for regulators, and implications for insurance company management in each country.

Description: This session was an open discussion which occurred at the SOA's May 1976 Meeting in Houston of the 'Report on Actuarial Principles and Practical Problems with Regard to Nonforfeiture Requirements.' It also contains a summary of written responses to the report, developments and recent work in the nonforfeiture area. From Record of the Society of Actuaries 1976, Volume 2, No. 2.

Description: This meeting session from the April 1982 Society of Actuaries meeting in Orlando, presented a discussion on allocation of assets and investment income. The discussions included: implications of allocating specific assets to particular lines of business, introduction and management of specific allocation procedures, and the principal allocation methods.

Description: This is a panel discussion session on the purpose, rationale and conclusions of the Committee for Accident and Health Valuation Principles. Discussion also covers the comments received and any modifications to their original draft report.

Description: 1993 SOA Spring Meeting, Boston. This session addressed the new risk-based capital requirement. Topics included: 1. How reasonable is the framework of basing the formulas on simplistic application of the C-1, C-2, C-3, and C-4 risks? 2. Will this be effective in stanching the proliferation of RBC formulas by the regulatory bodies? 3. Which lines of business are treated relatively badly by the formulas? 4. Is there realistically anything that can be done to prevent company comparisons and renkings? 5. What are the administrative problems faced by the regulators in the oversight process requirement that this will create?