Description: The author discusses how the use of a weighted average dollar duration book yield, WADD, rather than the more traditional book yield determined by book value or market value weighting, can provide a better basis for determining the crediting rate on the liabilities.

Description: This paper looks at the problem of valuing and managing the ALM risks associated with insurance liabilities that are too long to be matched by available investments. Two options were explored and the paper concludes by arguing that the Static Control Model leads to more useful ALM strategies for long liabilities.

Description: This Guide lists sources that the actuary may use to gain knowledge on investments and asset/liability management. Its purpose is to make available a preliminary road map for the actuary seeking direction to enhance his or her knowledge in these areas.

Description: This session from the 1984 SOA Toronto Meeting discusses the problems and possible solutions arising from the matching or mismatching of assets and liabilities, including valuation and regulatory implications, in a Canadian and U.S. context. From Record of the Society of Actuaries Vol. 10, No. 4B

Description: Using a case study, this session discussed the asset-liability matching process, uses of the process, and the strengths and weaknesses.

Description: Presented at 1995 Valuation Actuary Symposium. Discusses the evolving nature of the work of the valuation actuary, including asset liability management, cash flow testing and the responsibilities of the valuation actuary in management decisions.

Description: This article explains how duration matching as an asset/liability management tool is insufficient and can lead to a suboptimal asset mix.

Description: This paper investigates how the concepts of asset-liability matching can be used to shape investment strategy. From Transactions of Society of Actuaries 1980, Vol. 32.

Description: This guide lists literature sources that an actuary can use to gain knowledge on investments and asset/liability management. It can be viewed as a preliminary road map for the actuary seeking direction to enhance his or her knowledge in these areas. The emphasis of this guide is on fixed-income securities.

Description: The author discusses the use of genetic algorithms as they apply to actuaries, specifically the application of characteristics and their potential to solve life insurance asset and liability management problems. He also highlights various ways genetic algorithms can be used to solve a variety of actuarial problems.