Description: This monograph strives to define a mission for the modern insurance industry, its place in the financial intermediation network, and the role of Asset/Liability Management in that mission from the perspective of what is known about capital markets and practiced in financial engineering.

Description: This paper reviews the main methodological questions underlying the theoretical pricing of catastrophe insurance futures. From Securitization of Insurance Risk: The 1995 Bowles Symposium, M-FI978-1.

Description: Discussion of solvency problems and the actuary's role in addressing them in the life insurance industry.

Description: This session from the 1995 SOA New York Meeting covers securitization of insurance liabilities. Securitization of insurance risk is an alternative risk transfer other than reinsurance based on the idea that investors participate directly in the insurance risk. From the Record of the Society of Actuaries, Vol. 21, No. 2.

Description: This session from the 1995 SOA Boston Meeting covers the dollars-at-risk, or value at risk, system for risk management in the banking industry and the applicability of this system in the insurance industry. It also covers a practical example of using dollars-at-risk at an insurance company. From the Record of the Society of Actuaries, Vol. 21, No. 4b.

Description: Presented at May 1996 Spring Meeting. This teaching session covers course F-585 in the exam materials, which is intended to provide background for the actuary who aspires to become the chief financial officer of a financial institution. It addresses raising capital and financial management.

Description: Presented at June 1996 Spring Meeting. An investment manager discusses investment strategy for a disability insurer and a rating agency representative and a stock analyst describe how disability insurers are evaluated for risk profile and other issues.

Description: Presented at October 1996 Annual Meeting. This session discusses financial, strategic, and regulatory issues that arise from the combination of life insurance businesses through merger, acquisition, or reinsurance, with a special focus on the needs of mutual companies.

Description: 1999 SOA Annual Meeting, San Francisco. The panel discussed recent developments in the equity-linked note market. Topics included: 1. New structures that allow active management. 2. Trade-offs affecting participation rates. 3. Accounting issues. 4. Tax issues. 5. Risk-based capital issues.

Description: 1994 SOA Spring Meeting, Orlando. In this session panelists discussed new investment options including an overview of traditional assets, an asset-allocation framework, specific markets' risk characteristics and some implications for risk-based capital for asset management. The discussion included derivatives, fixed income alternatives, and equity alternatives.