Description: Panelists discuss how two SOA-sponsored research studies were conducted. The first one examines the relationship between certain econometrics series and life-insurance-company financial operations. The second one studies the usefulness and limitations of existing models and data sources for retirement benefit plans. From the 1997 Record of Society of Actuaries, Vol. 23, No. 3.

Description: This session 99PD of the New Orleans Annual Meeting summary: Insurers today are looking for new ways to use currently available experience data to better predict future costs. Both the federal and state governments are looking at the possibility of using prescription drug data because it is more available and often of higher quality than other experience data. From the Record of the Society of Actuaries, Volume 27, No. 3, Session 99PD.

Description: In this discussion, Peter Bishop provides an update of the topics and conclusions of the July meeting of the World Future Society and expands upon the issues most relevant to actuaries, including the status of current futurism research and the significance of emerging knowledge. From Record of Society of Actuaries, Vol. 30, No. 3.

Description: 1997 Valuation Actuary Symposium, Session 5 explores health cash-flow testing.

Description: This presentation is a Teaching Session, number 38TS, from the 1999 Valuation Actuary Symposium, held September 23-24 in Los Angeles. The instructors provide an introduction into how complex adaptive systems [CAS] can be applied to solve actuarial problems. They provide a general overview of CAS, including genetic algorithms, neural network, nonlinear modeling, and agent-based modeling, provide recent examples of applications to business problems, and discuss how CAS approaches can be used to address actuarial pricing and valuation issues, such as modeling customer behavior. Discussion from participants is included.

Description: This presentation is a panel discussion, session number 34PD, from the 2002 Valuation Actuary Symposium, held September 19-20 in Lake Buena Vista, FL. A fundamental step in stochastic asset/liability modeling is to choose an appropriate underlying economic scenario generator. In this session, panelists discuss various scenario generation techniques and theories, assumptions underlying interest and equity scenario generators, and choosing suitable economic scenario generators for different applications, the two most common being pricing models [for assets and liabilities], and risk analysis models, used for asset/liability management, investment strategy, regulatory solvency, and capital adequacy. Discussion from participants is included.

Description: At this session 7OF of the 2004 Valuation Actuary Symposium panelists discuss the conceptual and practical issues of modeling to reflect developing areas, including fair-value and embedded-value measurement, embedded guarantees and stochastically determined capital requirements.

Description: This presentation is a Teaching Session, number 3, from the 1987 Valuation Actuary Symposium. The first instructor discusses three methods of valuation [and methods of studying C-3 risk]: Gross Premium Valuation [the actuary’s traditional approach], Cash Flow Analysis, and Market Value Analysis, also known as ‘Modern Financial Analysis,’ with a focus on the third. Then the second instructor provides an update on C-2 risk [claims, expenses], and combinations of risk, noting that C-2 risk has not had much attention paid to it. He goes on to describe three types of C-2 risk: stochastic deviations, unpredictable single events, and ‘judgment errors, such as poor underwriting. The third instructor focuses on the C-1 [default] risk. Case studies are included.

Description: 1988 Valuation Actuary Symposium. In this session the speaker described the modeling of the participating whole life division including the product description, modelling assumptions, operation of the model, and the results.

Description: 1990 Valuation Actuary Symposium session is a panel discussion on yield curve projections techniques.