Description: This session at the 1998 Valuation Actuary Symposium looks at a variety of valuation issues including the Unified Valuation System, codification, the actuarial opinion and memorandum, and several annuity and life insurance reserving issues.

Description: This presentation at the 1989 Valuation Actuary Symposium discusses the value of a valuation actuary in the life/health business. The discussion focuses on regualtory changes, reserve adequacy, cash flow testing, and the actuarial memorandum.

Description: Principle-based reserving requires modeling assets and liabilities across a range of scenarios to assess the sufficiency of assets when determining reserves, a major shift from the current formulaic framework. These changes will require valuation actuaries to evolve their skill set by heightening their focus on creative analysis, gaining deeper understanding of complex projections and clearly communicating drivers of reserve movements to stakeholders in order to influence strategic decision-making. The panelists will discuss the way that they see the role of the valuation actuary changing in response to the change in focus in reserving requirements. They will also discuss successful characteristics along with best practices for understanding and explaining results in the new paradigm. The audience will be given the opportunity to interact through polling and facilitated discussion of their stories, experiences and observations.

Description: 1988 Valuation Actuary Symposium. The speakers in this session addressed the relative volatility of participating whole life versus universal life and the annual-premium versus single- premium basis.

Description: This panel discussion at the 2004 Valuation Actuary Symposium provides an overview of the current risk-based capital [RBC] requirements for life insurers, as well as insight into topical issues and potential changes in RBC.

Description: Presented at 1995 Valuation Actuary Symposium. Discusses the evolving nature of the work of the valuation actuary, including asset liability management, cash flow testing and the responsibilities of the valuation actuary in management decisions.

Description: 1988 Valuation Actuary Symposium. The first speaker discussed the complete solvency testing process and the route by which the valuation actuary arrives at conclusions and prepares a solvency report. The second speaker discussed certain general objectives and requirements of the valuation actuary's report and then indicated how a hypothetical company's sample report was drafted with these points in mind.

Description: This session at the 1989 Valuation Actuary Symposium discusses the mandatory securities valuation reserve, MSVR, including an analysis of the MSVR and proposals for change.

Description: As the Valuation Manual continues to evolve and PBR standards for additional products are drafted and incorporated, it will become increasingly important for companies to understand where the requirements are consistent across products, as well as how they differ. This session will scan the life (VM-20) and annuity (VM-21, VM-22) PBR standards across the Valuation Manual to compare and contrast key requirements. Attendees will understand where common methods and techniques can be used across products and platforms. Attendees will also be better positioned to consider assumption and margin setting, asset and derivative modeling, and model efficiency techniques for all types of principles-based valuations. Additionally, this session will profile specific challenges that can arise when actuaries use models to project PBR reserves at future dates for internal planning, pricing, and projections across life and annuity businesses.

Description: This session is a discussion about 1 Actuarial certification of statutory statements, 2 GAAP for mutual companies, and 3 use of interest in amortizing acquisition expenses.