Description: Presented at May 1985 Spring Meeting. Discusses: Target surplus formulas for specific product lines, Projecting product line surplus needs, How cost of capital is charged to product lines, Criteria to use in allocating capital to or withdrawing capital from specific product lines, Differing techniques appropriate for stock and mutual companies, Differing techniques appropriate for the United States and Canada, How capital allocation relates to regulatory requirements, How capital allocation relates to competition in other industries.

Description: In this paper the author develops techniques for measuring GAAP return on total capital by line of business, where total capital includes “benchmark surplus,” the amount of statutory surplus set aside, in addition to reserves, to support in-force business. The author also shows how GAAP returns relate to the internal rate of return the actuary may have calculated to describe expected profitability on a statutory basis. Includes discussion and author’s review of discussion. From Transactions of Society of Actuaries 1982 Volume 34.

Description: Presented at April 1986 Spring Meeting. This session discussion is about the pitfalls of underwriting group pension funding contracts with significant interest guarantees. Insurance companies are faced with concerns in meeting solvency requirements, reducing surplus strain, and managing risk. Methods and procedures that companies are using in evaluating and monitoring risk and in matching assets with emerging liabilities are highlighted.

Description: Discusses the International Section's Ambassador Program.

Description: This paper develops a tool that may be useful in explaining the differences between earnings that are reported under GAAP and profits that are expressed as an internal rate of return.

Description: This session discussion is about the update on revision of standard valuation law and MSVR, Actuarial Standards Board, NAIC, FASB, Emerging Issues Task Force, AICPA and COVARA. From Record of the Society of Actuaries Vol. 15, No. 3A.

Description: This session from the 1983 SOA Vancouver Meeting covers various measures of profitability by line of business, analysis of earnings and techniques to measure the surplus needed to support a line or product. From Record of Society Of Actuaries Vol. 9. No. 3

Description: This session from the 1984 SOA New York City Meeting discusses the organizational and practical implications of segregating the General Account including how to allocate existing assets by product line, organizational changes required, regulatory implications and accounting and systems consideratons. Record of the Society of Actuaries Vol. 10, No. 3

Description: I read with interest the article by Sheri Lynn Levine in the November 1988 issue of The Fibonacci Quarterly on ‘Suppose More Rabbits Are Born.’ Levine,like Fibonacci, assumes that rabbits never die and made additional assumptions regarding rates of reproduction.

Description: This presentation was made at the SOA 1975 New York Spring Meeting. It discussed new individual product developments designed to meet the conditions in today's market. This would include underwriting, administrative, and technical problems on such new products as life cycle policies, low cost life, index-linked policies, or policies with special cash values 1975 Record, Vol.1, No.2