Description: Panelists provide a big picture overview of the M&A process and the roles of the actuary, investment banker, outside counsel, accountants, acquirer and seller. Includes a discussion on actuarial appraisals, ASOP 19 and due diligence. From Record of Society of Actuaries, Vol. 30, No. 1, Session 94

Description: Metadata for entire issue

Description: This paper examines the effects that the recent housing bubble had on the household financial behavior of different birth cohorts and the consequences of those behavioral choices for boomers’ projected retirement security.

Description: Empirical evidence of reported losses suggests that insurance firms are interconnected in a nontrivial way, making them prone to systemic risk. Systemic risk can be viewed as the result of a cascading process, as it unravels throughout a network structure. In response, this work presents a simple analytical model that can simulate this process. The model is subsequently tested upon an empirical dataset via the means of numerical simulations. This work makes three main contributions. First, it provides a novel methodology for quantitatively and objectively assessing the systemic role of individual firms within the insurance domain. Second, it exemplifies the inability of traditional, firm-based information in serving as proxies for mapping these systemic effects. Third, it provides a practical example where network-based information (e.g., Criticality IDX, Sensitivity IDX) can outperform firm-based information (e.g., admissible assets, excess c apital) resulting in increased efficiency in the decision-making process. These findings strengthen the need to account for the interconnected nature of the domain while showcasing some of the potential benefits that can be harvested by doing so.

Description: This 1981 session dealt with Influencing Legislation and Regulation including: I. The legislative and regulatory processes. 2. What are hearings? What is their purpose, and who participates? 3. A look at how an actuary can affect the process. From Record of Society of Actuaries, Vol. 7, No. 2.

Description: From a session at a meeting of the Society of Actuaries held in San Diego, CA, June 22-23, 2000 This session describes the big tent vs. little tent approach to the actuarial profession's future and relates these to the Quantum vs. Newtonian ways of thinking.

Description: This meeting session was held at the SOA's 1975 Annual Meeting in Bal Harbour. The topic presented was the public role of the actuary. Questions addressed were: A. Should the actuarial profession be more active in social issues? B. Do actuarial principles exist and should they be codified? C. How should actuaries react to the various publics they serve? D. Will the actuary evolve into a generalist who evaluates risks, whatever form they take? From the 1975 Record, Vol. 1, No. 4.

Description: Charts for the 2009 Housing Wealth monograph paper, “The Financial Well-Being of American Retirees.” This paper presents the findings of a study which examines four age groups of retirees and how well they are meeting their financial needs and how much an effect real estate can have on meeting retirement expenses.

Description: Data on morbidity, loss ratios, actual-to-expected continuance rates, and lapse rates for disability insurance, and discussion of the implications with respect to legislation, product design, pricing, underwriting, and marketing. This presentation was made at the 1975 SOA Los Angeles Spring Meeting.

Description: 1994 SOA Meeting, San Francisco. In this session Dr. William Freund, chief economist emeritus of the New York Stock Exchange and former chief economist at the Prudential, shared his perspective on the economic outlook.