Description: In an age of accelerating transformation—technological, financial, and regulatory —reinsurance continues to be an important component of capital management strategy across the insurance industry. This is true in spite of, and sometimes because of, the evolving ecosystems of ceding companies and reinsurers. Direct writers and reinsurance carriers are coping with a number of critical challenges that are undermining growth potential and threatening profitability. Waning demand and increased capacity for traditional products have, in some instances, led companies to struggle to achieve traditional profit targets. An increase in commoditized pricing, internal expenses related to increased regulation, inefficiencies in internal infrastructure, and the sustained low interest rate environment are additional factors impacting the top and bottom lines of reinsurers and primary carriers alike. In this session we will explore these critical challenges and highlight prevailing practices that organizations are using to deal with the changing landscape.

Description: This session at the SOA 1990 Hartford Spring Meeting is about surplus management from both a stock and mutual company standpoint. Methods of raising capital, such as financial reinsurance and levelized commission financing, are discussed.

Description: This session at the SOA 1990 San Francisco Spring Meeting covers new innovative capital structures for the life insurance industry and their impact on financial security. A review of different forms of capital plus the economic impact from both a regulatory and rating agency viewpoint are discussed.

Description: Panelists discuss economic capital, capital modeling, and hedge modeling, especially for guaranteed living benefits [GLBs] on variable annuities. Session 34PD of the 2005 Valuation Actuary Symposium.

Description: This is a presentation from 39th Actuarial Research Conference, 8/5-7/2004, University of Iowa in Iowa City, Iowa. The aim of this paper is to consider economic capital for a multi-line insurer and the fair allocation to lines of business. In addition, this paper also allows for a model with assets, liabilities and insolvency exchange option fairly priced, complete markets and no market frictions.

Description: Discusses capital markets, bank loan financing, surplus relief reinsurance, and sound capital structures. From the 1988 Record of Society of Actuaries, Vol. 14, No. 2.

Description: This session at the SOA 1990 Annual Meeting explores surplus management from the standpoints of the role of surplus in the development of a competitive stragegy, sources of surplus including reinsurance, and the role of rating agencies in setting surplus levels.

Description: From the Record 1977 Vol. 3, No. 1, this presentation is from a concurrent session at the Society of Actuaries 1977 Regional Meeting, held in Atlanta March 31-April 1. The presentation is an “interdisciplinary examination of techniques, considerations and methodology associated with evaluation of acquisitions, mergers and new ventures.” The presenters focus on the investment, legal, tax, accounting, and actuarial aspects of externally directed activities.

Description: This session discussion is about securization of assets such as premium streams, policy loans or future premium loadings. From Record of the Society of Actuaries Vol. 15, No. 2.

Description: Presented at April 1986 Spring Meeting. Discusses issues relating to the design and funding of ESOPs, legislative proposals, and scenarios under which ESOPs are an appropriate choice.