Description: This open forum was presented as Session 8A at the 1987 Valuation Actuary Symposium. The panelists discuss participating insurance, and how it differs from other lines of business under the Valuation Actuary concept. The topics covered include cash flow analysis and testing, asset liability management, and investment strategy. The presentation notes that the focus of asset liability management for participating insurance is not the guaranteed values, but rather maximizing dividends consistent with policyholder expectations. Comments from attendees are included.

Description: Dynamic Financial Condition Analysis Update by James F. Reiskytl from The Financial Reporter, October 1999, Issue No. 40.

Description: At this session 138OF of the New York Annual Meeting panelists provide a brief history of the unified valuation system concept, including objectives, and discuss intended users of the output from the system. A progress report on the proposed valuation law is also presented. From the Record of the Society of Actuaries, Vol. 24, No. 3.

Description: Presentation at May 1996 Spring Meeting Discusses evaluating yield needs and whether the expected net return will outweigh the RBC/rating agency penalty of added surplus requirement, the effect of factoring in volatility, the utility of using assets with high RBC requirements, and the amount limits on various assets.

Description: This presentation is a concurrent session from the 1991 Meeting of the Society of Actuaries, held April 18-19 in New Orleans. The panelists present the history and current status of the mandatory securities valuation reserve, ‘MSVR,’, discuss the work of the Ward Committee, established by the National Association of Insurance Commissioners to review and recommend changes to the MSVR, and discuss the regulatory viewpoint, including solvency, risk-based capital, Regulation 126, and the AVR or asset valuation reserve. Discussion from participants is included. From the Record of Society of Actuaries, Volume 17, No. 1.

Description: Presented at May 2002 Spring Meeting. This session covers NAIC 2001 changes to RBC requirements, the impact they have had on regulators, the rating agency reaction and proposed changes for 2002.

Description: This panel at the SOA 1991 Atlanta Annual Meeting discusses equity between and among policyholders from the viewpoint of both mutual and stock companies. A variety of issues are explored in terms of how to maintain equity, including dividends, adjustable premium and/or benefit products, replacements and 'update' programs.

Description: The Joint Risk Management Section is trying to develop better estimates of policyholder behavior in the tail [PBITT]. The mission of the PBITT working group is to examine and ultimately give guidance to actuaries on how to set policyholder assumptions in extreme scenarios. As part of its work, the PBITT working group issued its sixth survey to gather the range of assumptions actuaries use in pricing, reserving, and risk management of minimum guarantees on Variable Annuity products, such as death benefits, income benefits, withdrawal benefits and maturity benefits. This document contains the results of that survey.

Description: From a session at the 2001 Valuation Actuary Symposium, held in Lake Buena Vista, Florida, November 29-30, 2001 Panel discussion overview of current risk-based capital RBC requirements of life insurers, as well as insight into topical issues and potential changes to RBC. Items covered include: • Recap of RBC law and RBC calculation rules • Tax impact on the factors • Common stock issue • C-3 testing • Proposed C-3 testing for Variable Annuity Guaranteed Living Benefits VAGLB • Liquidity risk issue

Description: Presented at May 2002 Spring Meeting. This session examines how the revised version of the Valuation of Life Insurance Policies 'XXX' has been implemented in many states for two years and provides updates on various aspects of XXX.