Description: Panelists discuss many developments over the year 1992 that impact the valuation actuary. Session 1 of the 1992 Valuation Actuary Symposium.

Description: This presentation is an open forum from the 1991 Annual Meeting of the Society of Actuaries, held October 20-23 in Toronto. The panelists discuss the current public image of the life insurance industry, and whether life insurers meet or are able to meet public expectations. They examine the differences between the public’s outside view and the actuary's view from the inside, how they differ, and what the actuary can do to improve the industry’s image, as an educator and communicator. Discussion from participants is included. From the Record of Society of Actuaries, Volume 17, No. 4B.

Description: Panelists discuss the new Guideline XXX for reserves for term products, including re-entry term, and in the context of HIV/AIDS. Session 5 of the 1991 Valuation Actuary Symposium.

Description: 1990 Valuation Actuary Symposium Proceedings is a workshop on statutory, GAAP and tax issues for the valuation actuary. Various specific state regulations are discussed.

Description: This session at the SOA 1990 San Francisco Spring Meeting presents an overview of risk classification, what principles define a sound system, changes in underwriting due to expert system technology, and determining the value of laboratory tests.

Description: This session at the SOA 1990 San Francisco Spring Meeting is about modeling investments including the relationship to pricing, modeling techniques, scenario creation, and modeling of collaterized mortgage obligations [CMO].

Description: This session at the SOA 1990 Hartford Spring Meeting is about proposed revisions of the Standard Valuation Law. The changes from the insurance company and regulator perspective are discussed. The concept of the valuation actuary is also discussed.

Description: This paper develops a theory for the valuation of some kinds of interest sensitive cash flows. A process is derived which takes as input, assumptions about the capital markets and policy holder behaviour, and produces as output interest and decrement assumptions which can be used for conventional actuarial discounting. The methodology is illustrated using some idealized, but tractable, models of conventional non-par whole life insurance. The method is also applied to a simple Universal Life plan. The paper concludes by considering some of the problems encountered when applying the ideas to more practical problems.

Description: List of workshops and sessions from the New York Annual Meeting with no written record. From Record of the Society of Actuaries Vol. 15, No. 3B.

Description: This session discussion is about universal life enhancements. From Record of the Society of Actuaries Vol. 15, No. 2.

Description: This Report presents the results of a three-year study on Demutualization by a Task Force of the Society of Actuaries. From Transactions of Society of Actuaries 1987, Vol. 39.

Description: Panelists discuss the history and background of agent-owned reinsurance companies [AOCs], their impact on attracting producers and improving experience, and applications for corporate distribution groups. From the 1987 Record of Society of Actuaries, Vol. 13, No. 2.

Description: Contained in Appendix 4 of the 1987 Valuation Actuary Handbook, this set of articles sets forth the positions of various industry groups with regard to the valuation actuary concept as of January 1987. It consists of four sections: 4.1 – Excerpts from the Report of the Task Force on the Valuation Actuary to the ACLI Board of Directors, August 1986 4.2 – Final Report of the Joint Committee on the Role of the Valuation Actuary in the United States 4.3 – Preliminary Report to NAIC Life & Health Actuarial Task Force from Surplus & Solvency Subcommittee of NAIC Standing Technical Advisory Committee, October 9-10, 1986 and 4.4 – Draft Recommendation 7 – American Academy of Actuaries paper. Views of the American Council of Life Insurance, ‘ACLI,’ the National Association of Insurance Commissioners, ‘NAIC,’ the American Academy of Actuaries, and the Society of Actuaries are all represented. Note that the final report in 4.2 above was adopted in 1984 by the boards of both the Academy and Society, the two organizations represented on the Joint Committee.

Description: Presented at October 1986 Annual Meeting. Discusses the reasons for substantial changes in life insurance pricing philosophy in recent years and their impact on actuaries and companies both now and in the future.

Description: The objective of this paper, prepared by the Society of Actuaries Committee on Pension Principles and Related Research, is to examine the advantages and disadvantages of using select and ultimate interest and salary scale assumptions in the valuation of defined benefit pension plans. The technical issues involved and the effect of such assumptions on the incidence of plan cost are also studied. From Transactions of Society of Actuaries 1985, Vol. 37.

Description: This session discussion: Product design, Risks and how to deal with them, Special features, Valuation considerations, Investment strategy, Regulatory developments.

Description: This session from the 1984 SOA Atlanta Meeting covers the issues in the individual medical insurance market - escalating costs, utilization rates and anti-select lapsation, the potential solutions and the challenges facing the actuary.

Description: This session from the 1984 SOA Atlanta Meeting covers the special problems and opportunities of a small company, specifically, tracking current developments, the role of the actuary, distribution systems and other actuarial problems.

Description: This panel discussion, from the April 1982 Society of Actuaries meeting in Orlando, presented a discussion on development as of 1982 in the education and exam system. Topics included: 1. Goals, purposes and objectives of actuarial examination and education. 2. Critique of the current system. 3. Role of the academic community in actuarial education. 4. Interrelationship of the Society's E&E structure with that of other actuarial bodies. 5. Plans and future directions.

Description: An increasing need exists for the actuary to provide ranges and frequency distributions of possible values instead of providing only mean values. This discussion will cover: projections of asset experience under various economic scenarios, a practical application of profit analysis using scenarios and a deterministic model, exploring possible values by means of stochastic modeling, and a description of the new life contingencies textbook's stochastic approach and application to some practical population and census problems. From Record of the Society of Actuaries 1981, Volume 7, No. 4.

Description: This 1981 session focused on Recent Trends in Computer Technology including: i. What is the new hardware? 2. What opportunities are offered by the new hardware? a Administrative/service-oriented possibilities I Totality of information storage 2 Paperless administration/elimination of hard copy records 3 Effect on user 4 Different/flexible structure of information 5 On-line processing concurrent with data processing b Product-oriented possibilities i Universal life 2 Flexible premium annuities 3 Adjustable life 4 Retired lives reserve 5 Bank annuities 6 Variable life/annuities From Record of Society of Actuaries, Vol. 7, No. 3.

Description: This 1981 session dealt with individual accident and health rate regulation issues. Topics included the history of regulations and their primary purpose or need. From Record of Society of Actuaries, Vol. 7, No. 2.

Description: The Society of Actuaries has announced the first recipients of the J. Henry Smith Scholarship Fund, set up for women and minority actuarial students. Receiving awards are: Vincent Torres, Chicago, Illinois; Kathleen Knight, Austin, Texas ; Shiela Chappell, Philadelphia, Pennsylvania; and Monique Tremblay, St. Cesarie, Quebec. From The Actuary, October 1976, Vol. 10, No. 8.

Description: Table of Contents for the 1976 Record of Society of Actuaries, Vol. 2, No. 3. These records were taken from the Chicago meeting of the Society of Actuaries held June 3-4, 1976.

Description: The results of Competition No. 3 which asked for symbolic representation for actuaries and other professions and solicits entries for competition no. 4.

Description: This paper looks at mathematical problems formulated in either explicit or implicit form. Followed by several discussion papers submitted

Description: This article contains a listing of the publications of the National Center for Health Statistics. Copies of any of the listed publications can be obtained from the National Center for Health Statistics, Rockville, Maryland. In ordering, the series number and the number within the series should be given.

Description: This section provides multiple book reviews and summaries of recent publications. Topics include aging, retirement and pension plans, investing, demography, mergers and acquisitions, variable annuities and other insurance and mathmatical subjects. From Transactions of Society of Actuaries 1972, Vol. 24, Pt. 1, No. 70.

Description: The following topics were discussed at concurrent sessions: 1. Pension benefit security bill, 2. Variable insurance products, 3. Trends in hospital and medical care utilization, 4. Insurance distribution and marketing systems, 5. Deferred and incentive compensation, 6. Annual Statement accounting, 7. Social Security and employee benefits in western Europe, 8. Individual medical expense insurance, 9. Reserves and related problems for variable annuities and cost-of-living benefits, 10. Topics for consulting actuaries, 11. Profit and other objectives in group operations, and 12. Life insurance operations overseas- problems and opportunities. From Transactions of Society of Actuaries, 1969 Vol. 21 Pt. 1 No. 61.

Description: This panel discussion at the SOA 1968 Annual Meeting is about managing, motivating and directing technical and professional personnel.

Description: This paper includes three discussions. The first is about permanent type insurance used as a substitute for group term insurance. The second discussion is about long-term disability experience, offsets and underwriting. The third discussion is about medical care expense insurance including experience, trends, impact of Medicare and COB. From Transactions of Society of Actuaries 1968, Vol. 20 Pt. 2, No. 56

Description: This discussion is about how are computers being used for Underwriting of individual policies mortality and morbidity studies, including the derivation of exposures, analysis of claims, etc. From Transactions of Society of Actuaries 1964, Vol. 16 Pt. 2