Description: Presented at May 2005 Spring Meeting. Panelists discuss annuity risk management, with particular focus on RBC and the proposed Actuarial Guideline on reserving, and how this can be applied to new product development as well as in-force product management.

Description: This is the abstract of a paper that considers the pricing of equity-indexed annuities using risk measures and presents dynamic hedging strategies underlying these valuations. Since these products involve mortality as well as financial risks, the authors combine the actuarial and financial approaches to protect insurance companies against the unhedgeable mortality risk.

Description: Introduction and table of contents of essay collection.

Description: This presentation from Session 85 of the SOA June 2005 New Orleans Health/Pension Spring Meeting discusses recent developments in the area of capital planning, what are appropriate capital levels, and how health actuaries should be involved in it. From the Record of the Society of Actuaries, Vol. 31, No. 2.

Description: Discussion of the movement toward principle-based reserves for LTC insurance.

Description: Abstract: A model for analyzing the probability and severity of default of sovereign entities and banks. The methodology analyzes the risks inherent in the investment of debt of sovereign governments and large financial institutions side-by-side, taking into consideration macroeconomic interactions among the sovereign fiscal and monetary authorities, the financial institutions, and the real economy. The signature aspect of the methodology is that it adapts a Merton-style default model to use explicit measures of sovereign assets and asset volatility.

Description: A collection of essays that discuss the principles and ideas underpinning the ORSA initiative and the risk metrics used for decision making.

Description: This article provides an overview of the evolution and rationale for Own Risk Solvency Assessment (ORSA), as well as practical implications for insurers as they begin to design an ORSA process.

Description: Key points of the conceptual framework of China’s new solvency system, the “China Risk Oriented Solvency System” (C-ROSS).