Description: Discusses the pricing issues that, if handled successfully, pave the way for a solid statement of actuarial opinion: coordinating pricing and valuation roles, communicating product specifications, setting mutually acceptable assumptions, reflecting risk in pricing and valuation, coordinating investment policy and interest-crediting policy, and anticipating a volatile economic environment. From the 1987 Record of Society of Actuaries, Vol. 13, No. 2.

Description: Presented at May 1985 Spring Meeting. This session discussed: Relationship of pricing and valuation actuaries in Canada, Financial reporting system as an information source for product development, Interaction of the pricing actuary, valuation actuary, and investment officer in designing interest-sensitive products, Allocation impact on product development of expense, investment income, tax, and capital, Financial reporting information in changing premium rates for nonguaranteed premium products, Maintaining consistency between pricing and financial projection models, Reserve basis and nonforfeiture basis impact on product development, with special reference to lapse-sensitive products.

Description: The objective of this statement of principles is to articulate the current understanding of the significant principles that form the scientific framework underlying all areas of actuarial practice. The intended audience includes practicing actuaries, researchers and others, such as representatives of standard-setting organizations. This articulation is not immutable and should be revised if changes arise in our understanding of the key concepts and phenomena relevant to actuarial science, or if a better expression of the ideas is developed. This statement is the culmination of an effort that begin with the October 1991 draft by the SOA Committee on Actuarial Principles entitled “Principles of Actuarial Science. After incorporating numerous comments, that statement was published in Transactions of the Society of Actuaries XLIV, 1992.

Description: Full version of The Financial Reporter, Issue No. 65, June 2006.

Description: An article that defines the scope of the Society of Actuaries reorganized administrative practice areas: life insurance, health benefit systems, retirement systems, and financial and investment management and solicits input from membership about the allocation of responsibilities.

Description: 1993 SOA Annual Meeting in New York. This session is about federal regulations versus state regulations. Topics included: 1. Status of Dingell/Metzenbaum bills and Industry response. 2. The McCarren-Ferguson Act, and recent developments in that area. 3. Bills that address the issue of redlining in insurance. 4. The Disclosure of Insurance Availability Information bill. 5. Heath care reform initiatives.

Description: This session at the SOA 1990 San Francisco Spring Meeting is about mutual company financial reporting and the basis for internal financial management, which includes modified GAAP approaches as well as value added accounting.

Description: 1987 Valuation Actuary Symposium. This session presented views regarding Professional Development of regulators from the states of California, Texas and New York as well as comments from the government actuary in the United Kingdom.

Description: This panel at the SOA 1991 Atlanta Annual Meeting discusses equity between and among policyholders from the viewpoint of both mutual and stock companies. A variety of issues are explored in terms of how to maintain equity, including dividends, adjustable premium and/or benefit products, replacements and 'update' programs.

Description: Panelists discuss the Joint CAS/SOA Statement of General Actuarial Principles Exposure draft. Topics included are: -actuarial modeling -statistical regularity -stochastic modeling -time preference -diversity of preferences -present value of modeling -modeling of actuarial risks -validity of actuarial models -combinations of cash flows Risk Management: -avoidance of risks -actuarial soundness -risk classification -induced experience -credibility -anti-selection -information asymmetry -selection experience. From the Record of the Society of Actuaries, Vol. 23, No. 2.