Description: This session at the SOA 2001 Annual Meeting looks at issues associated with historically low interest rates from the perspectives of new product development, an investment professional and a corporate view. Included is a discussion of alternative investments ane their risk/return trade offs.

Description: This article presents new funding instruments for equity-indexed life insurance and annuity products.

Description: This session from the 1995 SOA New York City Meeting discusses using equities to support long term liabilities covering the following topics: rates, pricing implications, derivatives, GAAP and risk-based capital RBC implications. From the Record of the Society of Actuaries, Vol. 21, No. 2.

Description: Is Risk/Return a sound tool for decision-making? No. It is not consistent, not objective, distorts decision and degrades governance. Why? What shall we do then?

Description: The Society of Actuaries’ Pension Section Research Committee commissioned this study to help actuaries develop forward thinking long-term estimates of future equity risk premiums. Equity risk premium is the amount by which the total return of a stock market index, such as the S&P 500, exceeds that of government bonds. Equity risk premiums, calculated from historical data, have been used to project long term values of equity portfolios in retirement plans. The validity of using historical data to project future equity returns will be examined along with other forward looking methods.

Description: This presentation, session number 55PD, took place at the 2000 Annual Meeting of the Society of Actuaries, held October 15-18 in Chicago. The panelist look at a variety of capital market structures used to replace maturing guaranteed investment, ‘GIC,’ contract liabilities from accounting, regulatory, rating agency, and investor viewpoints. Discussion from participants is included. From the Record of the Society of Actuaries, Volume 26, No. 1.

Description: Presented at May 2002 Spring Meeting. Attendees learn about the new capital allocation, the financial products company 'FPC' model recently developed by S&P -including S&P's view of interest rate risk and credit risk in the FPC model, challenges of implementing the model for a life insurance company, and how the FPC model compares to economic capital methodology.

Description: This is the abstract of the paper 'A Stochastic Definition of Future Shares'. The traditional definition of actuarial future values and stochastic definition of Ramsay are discussed. A modification of Ramsay's definition is proposed and an application to life insurance reserves is presented.

Description: 1993 SOA Annual Meeting, New York. This session provided an overview of the world of international investing and a look at some of the more specific questions and problems that arise from investing in international equities.

Description: This paper shows that the Esscher transform is an efficient technique for valuing derivative securities if the logarithms of the prices of the primitive securities are governed by certain stochastic processes with stationary and independent increments. From the Transactions of Society of Actuaries 1994, Vol. 46.