Description: In reaction to a spate of model conversion activity and rising acceptance of model risk management techniques, many companies have, or are in the process of centralizing their modeling function to accommodate both governance and efficiency demands. These operating model changes have produced a wide range of questions and issues, such as division of labor, roles and responsibilities, selection of tasks to keep decentralized, among others. This session will frame a series of key considerations around modeling function consideration, and share lessons learned with the audience.

Description: Presented at May 2005 Spring Meeting. Panelists discuss the process of setting long-term investment assumptions from a practical perspective, including changes in equity return premium, use of risk-neutral scenarios and methodology, and special considerations for setting pricing scenarios.

Description: This session from the 1994 Valuation Actuary Symposium focuses on the modeling of assets and the problems and solutions for calculating asset market values in asset/liability models. It also covers considerations in using deterministic versus stochastic yield curve scenarios and modeling issues in developing investment strategies.

Description: 1998 SOA Spring Meeting, Maui. The panelists discussed the many factors involved with insurance company decisions on whether they are putting their money to work in a most prudent fashion. This session focused on the practical aspects of asset allocation.

Description: Provides a how-to session on modeling assets and liabilities in the Valuation Actuary's work to comply with the Standard Valuation Law. Comparisons of the methods discussed are occasionally made with the requirements of New York Regulation 126. Session 12 of the 1991 Valuation Actuary Symposium.

Description: 1996 Valuation Actuary Symposium. This session discusses the purposes of building an asset model, the resource requirements, model validation, model granularity, understanding spreads, and model interest rates.

Description: This presentation is from session number 3, presented at the 1999 Valuation Actuary Symposium, held September 23-24 in Los Angeles. The panelists address specific asset modeling issues of current interest, including purpose of model considerations, dynamic reinvestment strategies, and less than rigorous modeling of asset optionality.

Description: This session at the 1997 Valuation Actuary Symposium presents the highlights of developing an asset model for asset adequacy purposes. Assumptions, projecting cash flows, and market values of the portfolio are discussed.

Description: This presentation outlines strategies for optimal return on bonds and presents the advantages of liability driven investing. From the Actuarial Research Clearing House ARCH 1990 Vol. 1.