Description: This panel discussion looked at investment philosophy and strategy for insurance companies. Discussion focused on the matching of assets and liabilities, the effect of an inflationary environment, and performance measurement for investment results.

Description: The investment risk taken by a pension fund comprises strategic risk and active risk. This paper discusses the relative merits of these two types of risk to the pension fund, possible rationales for the levels of strategic and active risk typically adopted mechanisms for capturing manager skill without taking on equity risk, and issues in setting liability-based benchmarks for investment managers

Description: This presentation is a concurrent session from the 1991 Meeting of the Society of Actuaries, held May 16-17 in New York. The panelists discuss determining an optimal investment strategy in the current economic environment, taking into account prospects for the future, and how investment decisions are affected by product features. Discussion from participants is included. From the Record of Society of Actuaries, Volume 17, No. 2.

Description: This paper attempts to fill the gap in literature by empirically assessing the adequacy of the supply of bonds, quantifying the price impact, gauging the actuarial cost, and proposing appropriate government policy measures.