Description: The optional phase-in period for life principle-based reserves (PBR) has come to a close, and companies have put in the work to bring their PBR implementations across the finish line. With the mandatory PBR implementation deadline behind them, companies can turn their attention from compliance to model and process improvements. The presenters will outline lessons learned from PBR implementations and their applications to broader use cases, as well as resources that are available for PBR modelers. Discussion topics will include items such as: Model simplifications and validation Model run-time techniques Model scalability (e.g. adding new products / future assumption updates) Sensitivity testing Model projections Available PBR & other modeling resources (e.g. PBR practice note, ASOP 56)

Description: This session at the 2003 Valuation Actuary Symposium discusses advanced modeling techniques. Focus is on advanced liability and asset modeling issues, model distinctions between types of variable annuity guarantees, stochastic mortality, stochastic-on-stochastic modeling, and alternatives to stochastic modeling.

Description: 1994 SOA Spring Meeting, Orlando. In this session the panelists debated the diversity of professional practice about how companies and regulators can and should measure profit and set standards for profit margins. One panelist spoke of the traditional actuarial perspective, while the other represented the modern theory of finance.

Description: Spreadsheet of sample calculations for extreme value theory. Extreme value analysis seeks to assess, from a given ordered sample of a given random variable, the probability of events that are more extreme than any observed prior.

Description: The discount rate is one of the most critical topics in IFRS 17 and may have important repercussions on product profitability. The presenters will cover practical implementation considerations, including alternative approaches to illiquidity premium calculation for business supported by fixed assets with credit risks. Other implementation considerations will also be covered, including granularity of setting the discount rate, application to new business, and implications on asset and liability modeling. The presenters will then discuss how discount rates could be utilized in an Economic Scenario Generator (ESG) to assist IFRS17 calculations, particularly for risk-neutral valuation of the time value of options and guarantees.

Description: 1996 Valuation Actuary Symposium. Topics discussed in this session included developing an approach to quantifying C-3 risk and exploring ways to improve the C-3 component of the NAIC RBC formula.

Description: This 1978 session on classification models included 1. models demonstrating the effect of a classification system superimposed on a merit rating system and 2. models demonstrating the subsidization of poorer risks.

Description: This is a panel discussion focused on asset/liability projections and cash flow analysis of pension plans.

Description: Presenters at session 9I of the Maui II Spring Meeting discuss credibility and why it should be important to the actuary. From the Record of the Society of Actuaries, Vol. 24, No. 2.

Description: 1988 Valuation Actuary Symposium. In this session the speaker talked about the nonparticipating guaranteed life insurance segment with a concentration on the specific characteristics of the model he used. A Group Life and Health operations segment model was also presented.