Description: This discussion at an SOA 1968 Regional Meeting compares variable annuitis and mutual funds from a company and customer standpoint. Other opportunities for selling equity based products as well as the Canadian experience are explored.

Description: The speaker will share his insights into the hedging challenges faced by FIA and VA business in the current market environment.

Description: The proposed revisions to the variable annuity statutory framework and the FASB targeted improvement for long duration contract, motivate life insurance companies to re-evaluate their hedging strategy. Recently proposed revisions of AG 43/VM-21 and C3 Phase II, reward companies that have a clearly defined hedging strategy, if the companies can demonstrate that the valuation model and capital model can estimate real hedge performance accurately. The speakers of this session will discuss the hedging implication of the proposed AG 43/VM-21 and C3 Phase II framework. Additionally, methodology computational requirements, back-testing results under different economic scenarios and the resulting hedge credits of different hedging strategies will be compared, including explicit dynamic hedge and implicit dynamic hedge. The speakers will also touch on the impact of rebalance frequency on the performance of dynamic hedge. Case studies will be presented to provide guidance on practical implementation.

Description: This presentation establishes a bang-bang solution for the optimal withdrawal strategies.

Description: The panel discusses: 1. How fund transfers may affect expense recoveries through fee revenue 2.How transfers between fixed and variable funds may impact required capital 3. Product design features that affect the risk profile of the product and 4. Modeling considerations to quantify the policyholder behavior risk. From session 113PD of the 2001 Toronto Spring Meeting.

Description: Presented at May 2002 Spring Meeting. Discusses the nature of the risks associated with equity-based and equity-linked products, and how those products can be managed with the use of capital market instruments.

Description: This session 8 PD of the 2004 Valuation Actuary Symposium focuses primarily on the Academy's development of nonformulaic statutory risk-based capital and reserve standards for death and living benefits.

Description: 1993 SOA Spring Meeting, Boston. This session discussion is about the market potential, growth potential, distribution trends, and SEC oversight of variable life and variable annuity products.

Description: This session from the 1984 SOA Toronto Meeting discusses variable universal life including state regulation, the Security and Exchange Commission - SEC - rules for variable life, taxation, design development considerations, suitable markets and administration. Record of the Society of Actuaries Vol. 10, No. 4B in Toronto

Description: 2004 SOA Annual Meeting and Exhibit, New York. This session is about pricing life and VA products with untested new features in an uncertain environment.