Description: This paper investigates the optimal multi-period proportional reinsurance strategy that minimizes the ruin probability of an insurer. Some conditions under which it is optimal to have no reinsurance are derived. Based on these results, a new concept, capital threshold of proportional reinsurance, is introduced. In the case of two periods, a lower bound of the capital threshold of proportional reinsurance is provided. Some economic implications and properties of this new concept are also discussed.

Description: If you’ve been reading my columns for a while, you have no doubt recognized that I tend to be consis- tently optimistic when it comes to the insurance contracts project meeting deadlines. I am constantly disappointed as the International Accounting Standards Board IASB and Financial Accounting Standards Board FASB fail to meet their own deadlines for producing exposure drafts or other papers. But this time is different.

Description: Presented at April 1985 Spring Meeting. This session discussed Variable Universal Life Insurance's: History, Product designs and compensation, Regulatory considerations, Marketing considerations, Data processing considerations, Valuation and accounting considerations.

Description: Presented at May 1986 Spring Meeting. This session discussion is about what was discovered both before and after A Passion For Excellence was published: findings regarding why companies succeeded in spit of multiple impediments to their success.

Description: Recaps the evolution of VA products and hedging programs. Reflects on strategic considerations that contributed to relative performance in this market.

Description: Interview with Peter Schaefer, CEO of Hannover Life Reassurance Company of America.

Description: This presentation is a general session from the 1991 Meeting of the Society of Actuaries, held May 16-17 in New York. The speaker comments that actuaries are well suited for strategic thinking by what they do, noting that “clearly strategy is very heavily involved in trying to understand the external environment and trying to forecast the future in some fashion.” The speaker also sees that “three fundamental factors that will have to be built into everything that we do. These three factors are internationalization or globalization, an understanding of quality, and an understanding of human resource management.” From the Record of Society of Actuaries, Volume 17, No. 2.

Description: Presented at May 2005 Spring Meeting. Panelists discuss the value and new features/enhancements of single premium immediate annuities 'SPIAs'.

Description: Many top-performing businesses aren’t just risk aware, but rather risk intelligent. Such a posture helps prepare companies for a major event and can demonstrate to a regulator or auditor that an appropriately strong control framework is in place. Better still, companies gain real strategic value from a “risk adjusted” understanding not only of their threats and vulnerabilities, but also the upside opportunities associated with various risks. It starts with having both qualitative and quantitative information to identify, assess and manage risks. Strategic risk management, at its core, is about creating value by increasing transparency and accountability, and quality of information. More than a mere compliance exercise, effective risk management enables more informed strategic decision making, increased accountability and transparency, a greater likelihood of organizational success, and – ultimately – competitive advantage, as borne out by many studies that correlate risk management and financial results.

Description: Tired of Strategic Planning? by Eric D. Beinhocker and Sarah Kaplan