Description: 1993 SOA Meeting, Quebec. This session is about equity strategies of life insurance company general accounts. Topics included: 1. Various kinds of equity investments,what their features are, and the advantages and disadvantages of each. 2. What is the most efficient way, given the risk profile that most life companies have, to invest in equities? 3. Can you live with the capital standards that nervous regulators require? 4. Can you live with boards of directors who believe that we don't sell that many products with long liability tails, so we don't need equities?

Description: The investment risk taken by a pension fund comprises strategic risk and active risk. This paper discusses the relative merits of these two types of risk to the pension fund, possible rationales for the levels of strategic and active risk typically adopted mechanisms for capturing manager skill without taking on equity risk, and issues in setting liability-based benchmarks for investment managers

Description: Is Risk/Return a sound tool for decision-making? No. It is not consistent, not objective, distorts decision and degrades governance. Why? What shall we do then?

Description: Readers are given an introduction to a PBA Implementation Guide for Life Products.

Description: The appropriate role for actuaries when advising on long-term investment strategies for individual retirement savings.

Description: This article is about equity real estate and how its becoming an important part of investment profiles.

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: Presented at October 1996 Annual Meeting. This session explores both conceptual and practical considerations involved with the formulation and implementation of investment strategy: decision-making framework and processes, measurement of risk and reward, constraints, modeling.

Description: 1996 Valuation Actuary Symposium. This session about asset modeling discussed securities with options and derivatives, corporate government debt, mortgage-backed securities, collateralized mortgage obligations, real estate equities, and investment and disinvestment strategies.

Description: From the 1960 Transactions Vol. 12 No. 32, this ‘Digest of Informal Discussion’ addresses current developments and proposals with respect to life insurance company investments and inflation. The panelists address questions related to the extent and appropriateness of investment in common stocks, and the impact on actuarial practices and standards.