Description: Presented at May 2005 Spring Meeting. Panelists discuss annuity risk management, with particular focus on RBC and the proposed Actuarial Guideline on reserving, and how this can be applied to new product development as well as in-force product management.

Description: discussion of the capital management alternatives for funding the additional reserves required due to Actuarial Guideline XXX

Description: In this article, we provide practical guidance for understanding how to develop and apply an effective risk appetite statement.

Description: This article discusses the whys and hows of managing risk and capital at the enterprise level.

Description: Introduction and table of contents of essay collection.

Description: This article discusses a good way for insurance companies to calibrate economic capital (tail risk level) that is consistent with the market opinion on its risk. It also establishes a bridge between a risk neutral evaluation and a real world evaluation.

Description: The International Association of Insurance Supervisors (IAIS) continues its development of the Insurance Capital Standard (ICS) with the introduction of ICS 1.0 in summer 2017 and plans for ICS 2.0 in 2019. This session will provide updates on the development of the standards and summarize insights from Field Testing and ICS Consultations. This session will deliver an overview of the framework and provide industry and regulatory perspectives on potential implications and next steps.

Description: Discussion of the movement toward principle-based reserves for LTC insurance.

Description: Presented at September 1995 Valuation Actuary Symposium. Discusses surplus management, including RBC, the capital management process and techniques, allocations of capital, raising capital, and rating agencies.

Description: This paper expands upon current capital analysis by introducing a practical approach that considers the objectives of all stakeholders of an insurance company in setting appropriate capital targets. In addition, the paper introduces a technique for estimating capital adequacy that is based on mapping stochastic distributions of regulatory and rating agency capital measures to observable financial rating transition matrices.