Description: A description of the current state of the Insurance Capital Standard under development by the IAIS, focusing on liability valuation.

Description: This session is about the national health & pension reform and the different agencies involved in the process. From Record of Society of Actuaries Vol. 20, No. 3A.

Description: Argues that during boom times, it is virtually impossible to get regulators to oppose politicians who are being lobbied by financial services organizations, thus a bubble expands and a bust is inevitable.

Description: Suggests Dodd-Frank financial reform legislation doesn’t go far enough to reduce systemic risk. Paper provides suggestions that would improve outcomes if built into the regulations.

Description: From a session at the Spring meeting of the Society of Actuaries held in San Antonio, Texas, June 14-15, 2004 This session addressed aspects of the Sarbanes-Oxley Act, including a discussion of the history and purpose of the act, processes of compliance and their documentation, identification of key controls and testing for key control effectiveness.

Description: Analyzes whether or not it is a legitimate function of government to regulate financial institutions.

Description: Argues that the suppression or mitigation of small and intermediate economic collapses means that much bigger collapses will occur instead.

Description: Update on the potential impact of national health law legislation, and discussion of the influence of inflation on both the relation between actual and expected claims, and the design of new benefits and administrative procedures. This presentation was made at the 1975 SOA Los Angeles Spring Meeting.

Description: A discussion of what to do in the face of unprecedented change. With so many negative indicators of the economic future, suggestions are made for individual actions.

Description: The actuary’s key role in the ORSA process should be to quantify the uncertainty surrounding the future financial results of the firm. By providing relevant standardized reports that clarify the uncertainty in terms easily understood by all stakeholders, the actuary will provide an essential element in the ORSA process. The dictum, "You can't manage what you can't measure." demonstrates the need to quantify risk, not just describe it qualitatively. While the ability to provide firm estimates of aggregate risk for complex organizations may not exist currently, doing so should be a target for the profession. The end result will be to enhance the financial security of the insurance industry at a time when all financial institutions are facing stakeholders skeptical about their financial condition. Part of the essay collection "Risk Metrics for Decision Making and ORSA"