Description: This session from the 1984 SOA New York City Meeting discusses financial futures and options, an example of using options to hedge a risk, investment optimization and taxation. From Record of the Society of Actuaries Vol. 10, No. 3

Description: 1993 SOA Annual Meeting, New York. This session discussion is about asset prepayment assumptions for regulatory cash-flow testing. Topics included: 1. The prepayment characteristics of corporate bonds with embedded options. 2. How much prepayment and redemption activity has taken place within that market. 3. Techniques that corporate bond issuers have used to retire debt prior to maturity. 4. The investment implications. 5. The impact that prepayments have on MBS price and return performance. 6. The challenges of prepayment modeling.

Description: This report describes a stochastic simulation approach used to estimate the amount of a level-payment annuity payable as long as the person is alive and living in his/her house. A discussion of the paper follows. From Transactions of Society of Actuaries 1991, Vol. 43.