Description: This is a chart from the article Shouldering the Cost of Employee Stock Options which shows the values at each node.

Description: This article discusses the attributes of a unified Operational Risk Management framework and how those attributes can underpin a seven-factor economic capital model.

Description: This session discussion is about methods of deriving cost of capital for enterprise, application to mutuals and empirical values of capital cost for stocks and mutuals in recent years. From Record of the Society of Actuaries Vol. 15, No. 2.

Description: This session discussion is about deterioration in claims-paying ability, financial well-being of life insurance companies, benchmark surplus standards, key operation ratios, credit analysis of asset holdings, market view of stock companies, adequacy of capital in the industry, appropriate risk/reward posture in the industry, advice to management, outlook for the various business and views on surplus relief devices. From Record of the Society of Actuaries Vol. 15, No. 3A.

Description: 1993 SOA Meeting, Quebec. This session was about the impact of low interest rates. In 1993 the Moody's Aaa Corporate yields were near 8%. Topics included: 1. The effect by product line on different kinds of business. 2. The effect on merger and acquisition activity. 3. The interaction with tax 4. The interaction with regulatory changes.

Description: This is a panel discussion sesssion on life insurance company cash flow issues under 1980's economic conditions, i.e. inflation, and how they affect various product lines. U.S., Canadian and U.K. perspectives are discussed.

Description: This article describes the Investment Year Method for allocation of general portfolio investment income and demonstrates the equivalence of a fixed index or declining index system.

Description: This article shows a comparison of the growth rates of the S&P 500 common stock index vs. the U.S. Consumer Price Index over various 5 and 10 year periods.

Description: Why Write Variable Products When You Can Put the Money Directly into the Stock Market?

Description: This article explores the possibility of using innovations from the financial markets to reduce some portion of the LTC risk and thus encourage the growth of the product.