Description: This session 5TS of the 2004 Valuation Actuary Symposium covers the need to model assets in insurance companies has gone well beyond compliance with cash-flow testing requirements. Robust asset modeling techniques are needed in order to quantify risk exposures appropriately and to comply with a widening array of liability valuation and capital adequacy calculations that rely on stochastically modeling the interaction of liabilities and the assets that support them.

Description: This session at the 1998 Valuation Actuary Symposium discusses the modeling of equity-indexed annuities including the assets and derivatives associated with the annuities.

Description: From a session at the 2000 Valuation Actuary Symposium held in Washington DC, September 14-15, 2000 This session talks about the issues that smaller companies deal with. Topics included: • Section 7 opinions —changing cash-flow testing requirements • C-3 risk-based capital requirements and methodologies • Setting and resetting X factors for Regulation XXX • Developing internal management systems • Regulatory update • Using outside consultants

Description: This report explores estimation of employee stock options exercise behavior and option cost to firms.

Description: In an increasing population the number of persons falls off from age to age more rapidly than does the stationary population of the life table. This can introduce a systematic bias into life table calculations. The first part of the paper describes an iterative procedure to correct for the bias, extends the method to multiple decrement and associated single decrement life tables, and demonstrates the magnitude of the bias involved. The second part of the paper summarizes the results of applying iterative life table techniques to 165 populations which encompass over a century's experience and include countries from all parts of the world. Followed by discussions submitted by several people

Description: This 1979 session is about recent advances in Prediction Theory. Topics included: 1. Statistical methods to predict path properties of a Time Series. 2. How and to what extent Box-Jenkins Time Series methods can be modified to predict two or more time series simultaneously. 3. Workable techniques that are already being successfully used in practice.

Description: Six methods are presented for calculating the probability of ultimate ruin where the waiting times between claims are independent and identically distributed. Three of the six use Monte Carlo techniques. From Actuarial Research Clearing House 1993, VOL. 1

Description: This report introduces quantum computing to actuaries. In addition, this research will assess and identify areas in the insurance field where quantum computing can make a difference, accompanied with suggested algorithms.

Description: The actuarial profession is faced with a problem of determining delta-ized reserves on a basis which will include appropriate provision for adverse deviations in mortality, lapses, interest rates, and expense rates. This paper describes briefly a method which could be used to solve this Followed by papers submitted by 2 authors problem in a flexible manner.

Description: From a session at the Spring regional meeting of the Society of Actuaries held in Atlanta, Georgia, May 24-25, 1999 Presenters offer a preview of an actual Course 7 dealing with applied modeling.