Description: This session from the 1994 Valuation Actuary Symposium provides an introduction and overview to the symposium including several NAIC-related activities, regulation XXX, proposed GGG regulation, and the entire life practice notes at the time.

Description: Forming a view on what the tail looks like for various risk factors involves both technical know-how and considerable judgment. The presenters focus on what needs to be addressed when setting financial market risk and insurance risk assumptions, in particular when assessing the question of diversification and the treatment of tail dependencies between risks and lines of business:

Description: Traditionally the SOA formulates pedagogic excellence in terms of the Marzano Taxonomy. For example, the "analysis level" consisting of generalization, specification, classification, contrast, matching, and error identification, is considered superior to the "retrieval level" consisting of rote memorization such as recognition, recall, and using. In this presentation, we first show that pedagogic excellence can be equivalently, but more simply, formulated in terms of executive function and goal-setting. Here executive function refers to problems requiring multiple mental modalities - such as, formal, verbal, computational, and graphical - for their solution. Goal-setting refers to the skillful breakup of a complex problem into a sequence of subgoals each of which is clearly formulated, challenging, but achievable timely. Light examples from the literature illustrate these concepts. Five "challenging FM problems": reinvestment, refinancing, multiple rate/deposit problems, pricing deferred bonds using a term structure, and obscure loan problems, illustrate the following fundamental techniques of goal-setting and executive function: i) a fellowship approach to teaching preliminary exam material, ii) using subgoals to give difficult homework, iii) alternating between different mental modalities to achieve elegant brevity in solutions, iv) goal-setting reflecting familiar vs. new, and v) skillful definition of unit subgoals.

Description: Panel discussion on current issues, trends, and methodology in individual disability income insurance, including overinsurance, pricing, financial reporting, as well as efforts by professional associations to address these issues.

Description: This session from the 1993 Valuation Actuary Symposium explores issues associated with Life and Annuity Valuation including the status of Guideline XXX and practical compliance issues.

Description: Simple mathematical equations often outperform very complex ones in predictive analytics (PA) situations. This session will cover "why" and "how" to guard against overfitting and other potential pitfalls that might not be intuitive.

Description: This presentation focused on how actuaries communicate with the public. Topics include: l. Characteristics of an effective communicator a. How to get over nervousness b. Understanding your listener c. When to use actuarial jargon 2. How to make a presentation a. Organizing your presentation b. Techniques for answering questions c. How and when to use visuals 3. The use of graphics, including computer From Record of Society of Actuaries, Vol. 7, No. 3.

Description: The arrival of ASU 2018-12 (a.k.a Targeted Improvements to the Accounting for Long-Duration Contracts or GAAP Targeted Improvements) presents insurers with augmented financial reporting risk across all areas of the valuation process. Naturally, the internal control frameworks that serve to mitigate these risks must evolve and expand. Valuation actuaries should view this transformative event as an opportunity to take an active role in developing new and improved controls that are both effective and sustainable.

Description: This discussion is about the basic information on adoption of retirement plan. From Transactions of Society of Actuaries 1961 Vol. 13 PT 2

Description: A presentation of various views on establishing principles and practices for pension plan construction and valuation, in light of the passage of the Pension Reform Act. Presented at the Spring 1975 Meeting in Los Angeles.