Description: Summary of the SOA research project on PBR Simplified Methods. Describes the multi-risk scenario generator, central estimate assumptions, assumption objectivity measures, and regulatory demonstrations per VM-20.

Description: This session will include a brief outline of the origin of the tontine from when it was first introduced by the government of England in the 17th century through its disappearance in the early 20th century. As we explore the history of tontines, we will discuss their multiple references throughout English (and French) literature, often vilified by most authors using them as their subject, and how they bear little resemblance to the insurance product that many contemporary financial scholars advocate as a viable annuity concept for today and the future. The presenters will cover the practicality of reintroducing a modernized version of these longevity pooling arrangements (i.e., where aggregate longevity risk is shared among a group and not incurred by the issuer) as a retirement savings vehicle. They will also touch upon different aspects of tontines, such as risk management and regulatory issues.

Description: This article provides an an alternate, statistical approach, to graduation. Both single and multiple decrement models are considered and theoretical results are obtained for some specific mortality models. From: ACTUARIAL RESEARCH CLEARING HOUSE, 1979 VOL. 2.

Description: Because actuaries fit models for a variety of situations, particularly with regard to data modifications, it is useful to have a single approach. Though not optimal or exact for a particular model or data structure, the method should be reasonable for most all settings. Such a method is proposed in this article. Actuarial Research Clearing House 2003, VOL. 1

Description: This paper arose from an investigation into the concept of yield rate. The paper first outlines the difficulties involved in comparing financial transactions strictly on the basis of yield it then develops an approach that does not depend on yield rates. From Transactions of Society of Actuaries 1980, Vol. 32.

Description: 1994 SOA Spring Meeting, San Francisco. This session focused on different uses of reinsurance. Topics included: • Cost of capital versus debt, in the form of surplus notes. • Reinsurance and the joint venture. • Structuring reinsurance for the audience of the 1990s, including rating agencies and regulators.

Description: 1994 SOA Meeting, San Francisco. This session explored the various ways a mutual company might attempt to access the capital markets and the various procedures and instruments that might be employed to acquired capital.

Description: This session discussion was a primer on hybird pension plans, in particular cash balance plans and age weighted profit sharing plans. Included nondiscrimination issues, IRS issues and communication about the plans to participants.

Description: This paper looks at the problem of valuing and managing the ALM risks associated with insurance liabilities that are too long to be matched by available investments. Two options were explored and the paper concludes by arguing that the Static Control Model leads to more useful ALM strategies for long liabilities.

Description: This paper presents the application of the asset share technique of pricing to Home Equity Line of Credit insurance. The paper's objective is to provide useful tools when developing a new HELOC product including projections for marketing and underwriting, distinctions between desirable and undesirable product design features, and development of premium rate structures. From Actuarial Research Clearing House 1990, VOL. 2