Description: In the summer of 2012 the SIC decided the time was right to find out what current practices were with respect to Asset Adequacy Testing. This article summarizes the survey process and results obtained. The purpose of the survey was twofold: first, to educate actuaries prior to year-end work about current AOMR practice reflecting changes since the American Academy of Actuaries’ (AAA’s) 2004 Practice Note had been issued; secondly, to provide enough information such that an update of that practice note could be done should the AAA decide a revision to the note was desired.

Description: This article describes the sessions at the Valuation Actuary Symposium sponsored by the Smaller Insurance Company Section.

Description: The article is Part 1 of two articles that provide a case study for the development of a profitability and risk dashboard. The sample dashboard provides distilled information regarding actual to expected (A/E) ratios for key risks, agent quality scores and customer value scores. The dashboard would also provide the value of new business written, surplus strain, debit balances, and expected losses on debit balances at different levels, down to the agent level. A product mix index is provided, together with visual comparisons of key metrics to the company's business plan. The Part 2 article will add information to the dashboard regarding risk margins, target capital, and company value.

Description: The editor discusses the content of the issue including articles on low-interest-rate environment, ERM, regulatory issues, as well as webinars and meetings sponsored by the SIC Section.

Description: A discussion of the contents of this issue of smalltalk including regulatory issues that impact insurance and smaller insurance companies. Also discussed are two major regulatory issues, health care reform and financial regulatory reform.

Description: Inaugural article in a series to share resources with other actuaries at smaller companies. This article will introduce the reader to the Academy's Life and Health Valuation Law Manual, an annual publication containing numerous references, notes and guidelines to help valuation actuaries complete their statutory regulatory work.

Description: Describe the sessions at this year's valuation actuary symposium that are being sponsored by SmallCo.

Description: Sessions being sponsored by the Section at the annual meeting

Description: a summary of the newsletter and a rundown of the table manager.

Description: Managing Actuarial Function in a Small Insurance Company in the U.S.United States and Canada