Description: From a session at the annual meeting of the Society of Actuaries held in Chicago, Illinois, October 15-18, 2000 Discussion of indexed guaranteed separate accounts, typically issued to defined-benefit pension plans. Contract terms, risks, marketing, financial reporting, reserves, and investment strategies are discussed. Risk-based capital and the National Association of Insurance Commissioners Model Regulation for Separate Accounts with Guarantees are also discussed. A hypothetical indexed separate account is analyzed for return on capital and economic risk.

Description: Discusses the projected costs of social insurance programs in the U.S. and Canada, the experience of the British National Health Service on controlling costs versus providing quality service, the economic consequences of the projected high costs of social insurance and of the projected build-up and spend-down of the Old Age, Survivors, and Disability Insurance [OASDI] Trust Funds, and possible solutions to the financing of these programs. From the 1988 Record of Society of Actuaries, Vol. 14, No. 1.

Description: This presentation, session number 7PD, took place at the 1999 Spring Meeting of the Society of Actuaries, held May 24-25 in Atlanta. Panelists discuss proposed new U.S. and Canadian requirements and ramifications for variable annuities with guaranteed minimum death, income, and maturity benefits. Ways to assess and reduce the economic risk, reserves, and capital requirements are also discussed. From the Record of the Society of Actuaries, Vol. 25, No. 1.

Description: This presentation is a panel discussion, session 92PD, from the 2000 Annual Meeting of the Society of Actuaries, held October 15-18 in Chicago. The panelists provide an introduction to the role financial reinsurance can play in today's competitive environment. They define financial reinsurance by comparing and contrasting it with traditional reinsurance, and explain how financial reinsurance can play a role in meeting specific business goals. The panelists examine the financial reinsurance marketplace and the economic, regulatory, and strategic considerations, and discuss the concept of statutory and GAAP risk transfer and the related accounting guidance. Discussion from participants is included. From the Record of Society of Actuaries, Volume 26, No. 3.

Description: Presented at May 1996 Spring Meeting. This discussion focuses on the NAIC model illustration regulation and the ASOP. Topics include: Adequacy of the model law, liability of the illustration actuary, and Generally Recognized Expense Table.

Description: This presentation is from session number 4, presented at the 1999 Valuation Actuary Symposium, held September 23-24 in Los Angeles. Noting that under U.S. GAAP, setting assumptions and accounting practices can have a significant impact on the earnings process [i.e., actual results, sources of earnings, and the earnings analysis process], the panelists address options available to the actuary for setting assumptions and defining practices for specific product types [both FAS60 and FAS97], the advantages, disadvantages, and practical considerations associated with each approach, and specific examples of the effect of the different approaches on earnings. Discussion from participants is included.

Description: Regulators share their perspective on a variety of issues including statutory reserve related issues. From a session at the 2002 Valuation Actuary Symposium, held in Lake Buena Vista, Florida, September 19–20, 2002

Description: From the 1986 Valuation Actuary Symposium, held in Washington DC in October 1986 A summary of the history, current, and anticipated direction of future regulatory requirements applicable to the role and methodologies of the Valuation Actuary in the USA and Canada.

Description: From the 1986 Valuation Actuary Symposium, held in Washington DC in October 1986 Discussion of emerging practice and regulations of the NAIC and New York Insurance Department with respect to requirements placed on the methods and assumptions used by the valuation actuary in producing the support for the Actuarial Opinion as to the adequacy of reserves for life insurance companies

Description: From a session at the 2002 Valuation Actuary Symposium, held in Lake Buena Vista, Florida, September 19–20, 2002 Discussion of issues and the impact of current statutory valuation requirements for life insurance policies. Requirements covered include the Actuarial Standard of Practice on XXX, Actuarial Guideline AXXX, and Actuarial Guidelines 36 and 37. Products and issues discussed include nonlevel premium or nonlevel benefit insurance e.g., selective term, universal life with secondary guarantees or shadow accounts, determination of X factors, interpretation issues regarding XXX, variable life, and variable universal life, equity-indexed universal life, and the new CSO mortality table.