Description: From 2000 Valuation Actuary Symposium Panel discussion which provides an overview of the current uses of reinsurance, focusing on recent developments and issues. Panelists discussed application of reinsurance to specific products and lines of business and its use as a financial management tool in: • Term insurance • Mortality stabilization • Earnings volatility stabilization • Variable life and annuities and other investment-oriented products Generally Accepted Accounting Principles GAAP treatment of reinsurance e.g., FAS 113 and due diligence issues in selecting reinsurers and maintaining reinsurance arrangements is also discussed. Finally, panelists discussed advantages of onshore and offshore reinsurance transactions.

Description: From an interactive forum session at the 2001 Valuation Actuary Symposium, held in Lake Buena Vista, Florida, November 29-30, 2001 Discussion of the major financial reporting issues and concerns of senior actuaries in life insurance companies. Discussion focused cash flow testing methods and interpretation of results.

Description: Presented at October 1985 Annual Meeting. This session is about actuarial implications of individual choice, antiselection problems for medical coverages, plan design considerations, flexible benefits program experience, impact of alternative delivery systems on insured plan.

Description: This article discusses the risk-sharing arrangements provided by a number of different types of hybrid pensions, focusing on hybrid designs in the United States, Canada and the Netherlands, with particular emphasis on the New Brunswick (Canada) shared risk plan.

Description: ERM in the Brazilian market

Description: Key findings from a market research study which the SOA undertook as part of their strategic initiative: Untapped Opportunities for Actuaries in Health.

Description: This paper employs the theory of real option pricing to address problems in the area of operational risk management. Particularly, it develops a two-stage model to help firms determine the optimal triggers in the event of an influenza pandemic. The first stage proposes a regime-dependent epidemic model to simulate the spread of the virus, depending on whether the firm is active or inactive. The second stage views the reactivation decision as a call option and the suspension decision as a put option, and uses dynamic programming method to determine the optimal switching thresholds.

Description: Mortality risk is the risk that a portfolio will suffer from mortality being heavier than expected. Longevity risk is the risk that a portfolio will suffer from mortality being lighter than expected. From Reinsurance Section News, November 2007, Issue No. 61.

Description: It is the purpose of this paper to outline the reasoning behind the Catastrophic Accident Hazard and some of the details of a reinsurance arrangement with Lloyds of London for managing this risk. Paper is followed by 2 discussion papers

Description: This is intended to serve as a fundamental resource for a basic understanding of ERM, as well as a guide to further study of the subject. Members of the Casualty Actuarial Society have participated in the effort, as well.