Description: In session 7I of the Montreal Spring Meeting panelists discuss the growth of the cross-selling of financial products in the banking and insurance sectors. From the Record of the Society of Actuaries, Vol. 23, No. 2.

Description: This is a discussion on individual life insurance market needs and product design under conditions of inflation. Specifically it highlights the needs and interests of potential customers during periods of inflation, what problems are created in traditional life insurance product design during inflation, what solutions are available to life insurance companies and what solutions may be available in the future.

Description: This session from the 1984 SOA Salt Lake City Meeting discusses the latest Exposure Draft of the Committee on Theory of Dividends and other Non-Guaranteed Elements in Life Insurance and Annuities and of other related developments in this area.

Description: 1999 Valuation Actuary Symposium, Los Angeles. This session focused on how the industry has responded to the financial management challenges associated with Equity-Indexed products. Topics included: 1. Investment hedging and market volatility. 2. Product modeling. 3. Participation rate competition. 4. Product evolution. 5. GAAP for Derivatives - FAS 133.

Description: This panel discussion is from the 1991 Meeting of the Society of Actuaries, held May 16-17 in New York. Noting that “within the life insurance industry there is increasing skepticism as to whether illustrations of projected policy values will be met,” the panelists discuss the Illustration Problem. They consider whether the problem is real, and whether current disclosure standards are inadequate. Other topics include whether it is possible to design an understandable method which cannot be manipulated, what responsibilities actuaries have in developing adequate standards, and regulatory activities. Discussion from participants is included. From the Record of Society of Actuaries, Volume 17, No. 2.

Description: 1993 SOA Spring Meeting, Boston. This session addresed life and annuity sales illustrations. Topics included: • Current initiatives from various task forces including those of the AAA, NAIC, ACLI, NALU, and ASCLU. • Have illustrations taken on a life of their own? • What should be done about illustrations, especially by actuaries?

Description: Presented at June 1985 Spring Meeting. Discusses differences in the UK and North American life insurance markets and regulatory environments.

Description: 1993 SOA Annual Meeting, New York. This session is about product design and pricing of products with bonus features. Topics included: 1. The need for maximum long-term benefits. 2. Designs that maximize long-term benefits. 3. Reasons we should focus on benefits and not cash values. 4. Principles of equity behind bonus features. 5. A practical method to define equity. 6. A summary of current regulatory activity. 7. The definition of equity. 8. The need for cash values. 9. Reasons for considering maximum limits on non-guaranteed elements. 10. Disclosure of non-guaranteed elements. 11. Reserving practices.

Description: This panel discussion, which occurred at the May 1982 Society of Actuaries meeting in Colorado Springs, presented a discussion on life and annuity equity products of the 1980's. Topics included: 1. Product design 2. Taxes 3. Investment policy 4. Regulations 5. Marketing and sales 6. Effect of general account business

Description: This 1979 session is about Dividend Philosophy. Topics covered: 1. The Committee on Dividend Philosophy's report: a. Extending the recommendation to annuities and to par business of stock companies? b. Desirability of recognizing material differences in experience? c. Treatment of investment generation methods? 2. The Roles of the AAA and the CIA a. The development of further interpretive material. b. Actuarial certifications to management and for Annual Statement c. Caveats for dividend illustrations