Description: Panel session exploring a variety of issues connected to long-term disability reserve buyouts, including: · Advantages and risks for buyers and sellers · Use of appropriate reserving assumptions · Possible financial structures for a buyout

Description: Recently, actuaries have become more involved in formulary decisions due to high and variable pharmacy cost and utilization trends. How can actuaries and pharmaceutical manufacturers work together to better predict the market while covering key drugs? What discussions are currently taking place between manufacturers and payers? Is there value in these discussions that actuaries are missing? This presentation will provide both actuarial and manufacturer perspectives in order to create a mutual understanding that will begin to direct future conversations to benefit both stakeholders.

Description: Panel discussion about ways can insurance carriers and health care coalitions work together, what data are coalitions requesting from health carriers, how health carriers respond to those requests, and implications for health carriers.

Description: We consider Libor market model and calibration process. We estimate some interest rate derivatives such as Caps and Swaptions. We use Monte Carlo methods with appropriate dynamics under spot measure and forward measure. Imposing martingale discretization property, the same quantities are estimated again to see a contrast or discrepancy in light of confidence interval. Based on algorithms discussed in the paper, “Arbitrage-free discretizations of lognormal forward Libor and swap rate models” by Glasserman, P and Zhao, X 2000, the algorithms are implemented in excel VBA. Starting with current market data such as FRAs and Bond Prices, we describe steps involved to estimate the price of interest rate derivatives such as Caps and Swaptions, which would be beneficial to the practitioners in the industry.

Description: This panel discussion defines inflation, discusses inflationary outlook in the near future, the psychological effect of inflation on savings habits, trends, industry responses, and effects on agent compensation, interest rates and expense factors.

Description: This session is about health underwriting cycle. Topics include recent experience, forecasting where the industry is heading, and what will a federal program do to the cycle. From Record of Society of Actuaries Vol. 19. No. 4B.

Description: Presented at October 2000 Annual Meeting. Discusses demographic and economic change, changes in the market, and the direction of the legislative and legal environment for medical and long term care insurance.

Description: This discussion at an SOA 1968 Regional Meeting is about currency devaluation in other countries and the effects it has on life insurance, pension funds and company operations in the U.S.

Description: This session from the 1984 SOA New York City Meeting covers the post-election economy, interest rates, inflation and the deficit. Record of the Society of Actuaries Vol. 10, No. 3

Description: This session from the 1984 SOA New York City Meeting discusses the investment implications of an aging population including the affect on the national savings rate, economic growth, the dependence on social security and opportunities for the insurance industry. From Record of the Society of Actuaries Vol. 10, No. 3