Description: Generally, the assets acquired by financial institutions have their values determined by established capital markets. However, the firm's liabilities become customer's' private placement assets and their value must be calculated by the firm. This monograph discusses the theoretical bases for modeling the liabilities consistently with the assets. From Asset-Liability Integration, M-FI02-1.

Description: Recognizing an opportunity to help serve its members in this age of increased financial oversight, the Health Section of the Society of Actuaries commissioned a series of guides on the use of statistical techniques specifically geared for the work of health actuaries. The first guide in the series titled, 'Statistical Methods for Health Actuaries - IBNR Estimates: An Introduction,' is about the calculation of incurred but not reported [IBNR] health claims reserves. In particular, the guide focuses on the development of confidence intervals around IBNR estimates. This is an Excel workbook created to demonstrate the techniques discussed in the guide.

Description: Panelists discuss recent actions and proposals in regard to U. S. Social Security and the Canadian Pension Plan CPP, including, -considerations in 'privatizing' social security programs, -the introduction of the new Canadian 'Seniors' Benefits', -a framework for analyzing Social Security options, and -the impact of changes in Social Security on early and normal retirement ages. From the Record of the Society of Actuaries, Vol. 23, No. 3.

Description: These essays encourage actuaries to share how they incorporate financial risks of environmental sustainability into their work for employers or clients.

Description: 1994 SOA Spring Meeting, San Francisco. This session about fluctuation in interest rates covered: 1. The impact of increasing interest rates on liabilities. 2. Whether insurance companies are prepared for movements in interest rates. 3. The effects that rising interest rates have on the asset side of the balance sheet and some of the associated risks. 4. Investment strategy and asset-liability strategy, using the SPDA product as example.

Description: The abstract for paper Mortality Improvement Select Birth Cohorts and Their Effect on Pricing Survivor Bonds.

Description: Discussion among experts. From 2005 Living to 100 and Beyond Monograph, M-LI05-1.

Description: This is an abstract of the paper about asset default risk entitled 'Do Junk Bonds Die in Vain? Some Do, Some Don't.' From ACTUARIAL RESEARCH CLEARING HOUSE, 1994 VOL. 1.

Description: This abstract describes an investigation into the use of Fuzzy Set Methodology.