Description: This panel discussion is from the 1991 Meeting of the Society of Actuaries, held May 16-17 in New York. The panelists discuss emerging trends in the financial condition of the life insurance industry, how the financial condition of a company is determined by the rating agencies, and the value and reliability of ratings with respect to a company’s current and future financial condition. The potential role of actuaries, the value of the statutory financial statements, the users of the ratings, and how they affect the rated companies are discussed. Discussion from participants is included. From the Record of Society of Actuaries, Volume 17, No. 2.

Description: This session at the SOA 1990 Annual Meeting explores credit risk issues including the inadequacies of current data and methodologies to measure it. A disciplined actuarial methodology for measuring credit risk and efforts underway for an intercompany study are discussed.

Description: Panelists discuss portfolio restructuring, use of reinsurance to restructure liabilities and in other ways, hedging strategies, and product-mix strategies. From the 1987 Record of Society of Actuaries, Vol. 13, No. 3.

Description: Discusses bond-default history in the United States, implications for insurance-company asset determination, regulatory concerns about recent investing by insurance companies in low-grade bonds, valuation-actuary needs to consider in these cases, and another suggested method for modeling the C-1 Risk in the context of the valuation actuary's cash flow review. From the 1987 Record of Society of Actuaries, Vol. 13, No. 3.

Description: Panelists discuss: [1] investment quality as a dynamic investment consideration, [2] the impact of securitization on investment quality, [3] measuring default risk, and [4] the interrelationship between C-1 risk and C-3 risk. From the 1988 Record of Society of Actuaries, Vol. 14, No. 4A.

Description: 1993 SOA Annual Meeting in New York. This session is about an intercompany study on credit risk of private placement bonds and commercial mortgages. The development of the study, results for the 1986-1989 period, ongoing nature of the study, and company leverage were discussed.

Description: Presented at June 1985 Spring Meeting. Panelists shared actual experiences and practical techniques used in assessing the degree of match or mismatch between assets and liabilities for life insurance companies.

Description: This is a presentation from 39th Actuarial Research Conference, 8/5-7/2004, University of Iowa in Iowa City, Iowa. This paper discusses the reserving of claims when there are negative values in the runoff triangle. It uses the Bayesian analysis method using the three-parameter log-normal distribution.

Description: From a session at the 2001 Valuation Actuary Symposium, held in Lake Buena Vista, Florida, November 29-30, 2001 Panel discussion overview of current risk-based capital RBC requirements of life insurers, as well as insight into topical issues and potential changes to RBC. Items covered include: • Recap of RBC law and RBC calculation rules • Tax impact on the factors • Common stock issue • C-3 testing • Proposed C-3 testing for Variable Annuity Guaranteed Living Benefits VAGLB • Liquidity risk issue

Description: We apply decision theory to develop a credibility formula that minimizes a loss function that is a linear combination of a squared-error term and a second-derivative term. The squared-error term measures the accuracy of the estimator, while the second-derivative term constrains the estimator to be close to linear.