Description: Transcript of the Q&A period from session 3B. Session focused on Women's longevity issues and Chronic Disability Measurement and cost.

Description: This paper examines different objectives in managing credit concentration risk. The suitability of different measures and presentation techniques is discussed and illustrated in the context of a case study.

Description: The goal for an insurance firm is to maximize value. This paper describes the approach using an objective function of the Option Adjusted Value of Distributable Earnings OAVDE. The paper provides a review of the evolution of accounting treatment suggests a methodology for estimating market value of assets and liabilities extends that market value to the value of the firm using OAVDE and illustrates how this methodology can be incorporated into an insurance firm's financial management. From Society of Actuaries Financial Reporting Monograph, M-AS99-1.

Description: The purpose of this paper is to build a bridge between the traditional methods of looking at financial risk and insurance risk. The paper starts by explaining the concepts behind VaR models of economic capital used in banking. Differences between actuarial and financial views of risk are reviewed and explained. The paper concludes with proposing, developing, and parameterizing a true VaR model of insurance loss reserve risk, which combines several lines of business. From 2006 Enterprise Risk Management Symposium, M-AS06-1.

Description: The original purpose of this paper was to review the principles and practice of life-office valuations in the light of modern conditions. The author discusses the theory of matching assets and liabilities, or immunization and reviews gross premium valuations, net premium valuations and bonus reserve valuation. He also covers the different purposes behind the valuations.

Description: 2011 Enterprise Risk Management Symposium, Chicago. The authors' stated proposal is to keep formal compliance Key Performance Indicators to support Risk Management system implementation and to have a business plan based on risk assessment.

Description: This paper discusses whether the use of relatively risk-free discount rates are appropriate under assumptions of substantial continuation of plan design and greatly increasing per capita payments, when the plan sponsor can dramatically change future cash flows. From Current Pension Actuarial Practice in Light of Financial Economics Symposium, M-RS04-1.

Description: This paper suggests that risk is too complex to quantify with a single number, and offers a two-dimensional risk measure while introducing the concept of 'iso-risk' curves. From 2006 Enterprise Risk Management Symposium, M-AS06-1.

Description: Diabetes mellitus type 2 is an excellent model for assessing the setup of medical coverage in the U.S. health care system. It is a chronic disease that has genetic, behavioral and other medical causes, and causes many complications over the long term. From Financing Chronic Care Monograph, M-HB05-1.

Description: Most, if not all, ERM frameworks recognize the added value that the quantification of risk brings to the overall risk management process. This paper discusses the need for the development of a quantification framework, which is a clear opportunity for the actuarial and mathematical communities. From 2006 Enterprise Risk Management Symposium, M-AS06-1.