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: From a session at the annual meeting of the Society of Actuaries held in Chicago, Illinois, October 15-18, 2000 Discussion of purposes and approaches for creating interest-rate scenarios.

Description: This presentation is a panel discussion, session 45PD, from the 2004 Spring Meeting of the Society of Actuaries, held June 14-15 in San Antonio, TX. The panelists note that as new channels like the Internet, work-site marketing and direct marketing become more important, understanding the regulatory environment is essential, and nontraditional distribution, direct marketing, direct sales and telemarketing are increasingly subjected to new forms of regulations at the federal, as well as at the state, levels. The speakers cover the legal aspects of e-signature and voice signature, HIPAA authorization requirements, telemarketing rules, such as the federal “Do Not Call” legislation and other privacy issues. Discussion from participants is included. From the Record of Society of Actuaries, Volume 30, No. 2.

Description: 1993 SOA Spring Meeting, Boston. This session addressed the new risk-based capital requirement. Topics included: 1. How reasonable is the framework of basing the formulas on simplistic application of the C-1, C-2, C-3, and C-4 risks? 2. Will this be effective in stanching the proliferation of RBC formulas by the regulatory bodies? 3. Which lines of business are treated relatively badly by the formulas? 4. Is there realistically anything that can be done to prevent company comparisons and renkings? 5. What are the administrative problems faced by the regulators in the oversight process requirement that this will create?

Description: This session from the 1995 SOA Boston Meeting examines the regulatory process, how an idea for a model bill works its way through the NAIC, the function of the ACLI and how from an industry side the process can be influenced at the state and federal levels. From the Record of the Society of Actuaries, Vol. 21, No. 4a.

Description: This session from the 1995 SOA Boston Meeting Panelists will review the Canadian experience in adopting dynamic solvency testing DST and the impact of DST on how companies do business, changes which have been made and the changes suggested to the DST. From the Record of the Society of Actuaries, Vol. 21, No. 4a.

Description: 1999 SOA Regional Meeting, Atlanta. In this session experts from the regulatory environment and from the insurance industry discussed whether the public interest is best served by the states or the federal government being the primary regulators of insurance or some system of bifurcated regulatory authority shared between the states and the federal government.

Description: From the Record 1991 Vol. 17, No. 1, this is the keynote presentation from the Society of Actuaries 1991 Regional Meeting, held in New Orleans April 18-19. The speakers discuss the increasing importance of the asset side of the balance sheet in looking at the reserves and overall solvency of a life insurance company, and the outlook for an increase in responsibilities and liabilities for the actuary in the 90s.

Description: 1993 SOA Spring Meeting, Boston. This session discussion is about cash-flow testing as a management tool. Topics covered included: 1. Was the year-end process useful or a necessary evil? 2. How realistic were the assumptions used? 3. How much was pure guesswork? 4. What were the lessons learned from the exercise?

Description: 1993 SOA Annual Meeting, New York. This session provided an update on the appointed actuary. Topics included: 1. Provided preliminary results of a 1992 cash-flow-testing survey that was sent to a number of life companies in the U.S. 2. A discussion of the position taken by one actuary who did not do cash-flow testing in forming an opinion for his company's 1992 annual statement. 3. How to deal with failed scenarios. 4. The evolution of the appointed actuary's role at MetLife. 5. How the process currently works at MetLife. 6. Insights on where MetLife sees the process going.