Description: Presented at September 1995 Valuation Actuary Symposium. Discusses individual disability income reserves and profit measures.

Description: Presented at September 1995 Valuation Actuary Symposium. This session talks about the Long-Term Care Insurance Valuation Task Force report.

Description: Presented at October 1996 Annual Meeting. This session focuses on implementation and regulatory interpretation issues.

Description: The only indices set out in the Annual Statement are 1 the ratio of net investment income to mean assets in Exhibit 2, and 2 those ratios in Schedule H and the Accident and Health Policy Experience Exhibit the Exhibit. The impropriety of the Schedule H and Exhibit ratios as meaningful indicators is discussed below. It is assumed in the discussion that statutory accounting principles and considerations are operative, and the superiority of indices based on generally accepted accounting or economic value principles is not advanced. The statutory indices adjusted and unadjusted are used and referred to by regulators, industry groups, trade journals, and others. Thus, within the context of statutory accounting, the indices should be properly determined.

Description: This is a final report for a research project to create reference material that addresses the methods and techniques for quantifying margins for uncertainty in actuarial assumptions under a Principle-based statutory accounting framework.

Description: Presented at September 1995 Valuation Actuary Symposium. A distinguished panel of experts and a host of interesting and timely questions regarding financial reporting and valuation actuaries.

Description: This paper discusses gain and loss analysis for group insurance under the following headings: Nomenclature and General Principles, Sources of Gain and Loss under Theoretical Conditions, Gains and Losses Arising in Practice, Comparison with Annual Statement Results and Effects of Changes in the Company's Dividend Formula. Discussions of this paper are included.

Description: Presentation of some of the factors to be considered, and approaches which might be employed, in valuing a life insurance company.

Description: Provides an overview of the proposed regulations for calculating risk-based capital [RBC] C-3 Phase II and statutory reserves [VACARVM] on death- and living-benefit guarantees provided by variable annuities, and their status. Panelists also discuss the conceptual and practical considerations involved with mapping investment options to modeled funds, setting assumptions for revenue-sharing, mortality, and other prudent best-estimates, selecting model points and major design decisions, coordinating the required calculations, and handling the workload at year end along with documentation requirements. Session 25PD of the 2005 Valuation Actuary Symposium.

Description: Derives two troublesome formulas in the Gain and Loss Exhibit of the Statement using techniques developed in Measurement of Mortality. The formulas in question are those for Tabular Interest.