Description: In session 74OF of the Montreal Spring Meeting panelist discuss the overall structure of management of corporate risk, including asset/liability management. From the Record of the Society of Actuaries, Vol. 23, No. 2.

Description: 1997 Valuation Actuary Symposium, Session 17 discusses market value measures and its uses in asset liability management.

Description: 1997 Valuation Actuary Symposium, Session 35 discusses ALM and how company management needs to be involved and understand the value of ALM.

Description: From a session at a meeting of the Society of Actuaries held in San Diego, CA, June 22-23, 2000 A discussion of liquidity management for life insurance companies marketing institutional clients, in particular with respect to GIC contracts and Funding agreements. Topics included: · What happened at General American with their defaults on funding agreements. Why did the regulators and rating agencies miss the problems? · What was the impact of reinsurance? · What is the effect of adding institutional business such as putable funding agreements on liquidity management? · Are there prudent levels of this business that can be beneficial? · What is the effect of funding agreements with downgrade provisions on liquidity risks, and do such provisions create a preference for sophisticated institutional contract holders?

Description: The presenters will discuss the current interest rate market environment and what insurance companies can do to best protect themselves from interest rate risk. The presenters, industry leaders in financial risk management, will explore how different products and strategies—including swaps, options, and other derivatives—are being used in today’s market. The discussion will include how to model and measure interest rate risk, how to quantify hedge effectiveness, and how to improve hedging operations.

Description: Panelists discuss recent events in the area of risk management and solvency regulation. Actuarial roles and opportunities in enterprise risk management and as chief risk officers are specifically addressed. From the Record of the Society of Actuaries, Volume 29, No. 3, Session 75

Description: Presented at May 2002 Spring Meeting. The panel identifies the risks in various life products and the product development actions that can enable an insurer to manage the risks.

Description: This panel discussion, which occurred at the October 1982 Society of Actuaries Annual Meeting in Washington D.C., presented information on the management of assets in relationship to liabilities. The information was based on a report from the C-3 Risk Task Force. Topics included: 1. Design of investment strategies to develop cash flow patterns appropriate with the liabilities. 2. Structuring the company to assure that investment returns are channeled to appropriate lines of business. 3. Valuing liabilities to appropriately recognize the relationship between assets and liabilities. 4. Should the actuary be concerned with certification of assets as well as liabilities? 5. Equity among lines contributing to investable cash flow.

Description: This session at the 1998 Valuation Actuary Symposium gives an overview of risk management. Two example company programs are described. The use of value at risk as a measure is discussed.

Description: Presenters in this session 14TS of the Monteal Spring Meeting introduce seasoned actuaries to the new material on the Finance Track of the Education and Examination syllabus. From the Record of the Society of Actuaries, Vol. 23, No. 2.