Description: This 1992 panel discussion is about the Internal Revenue Service's pension nondiscrimination rules, including the 401[a][4] general test regulations, the 401[l] permitted disparity regulations, the 401[a][26] minimum participation requirements, and the 410[b] average benefits test. From the Record of the Society of Actuaries Vol. 18, No. 1A.

Description: 1993 SOA Annual Meeting in New York. This session is about an intercompany study on credit risk of private placement bonds and commercial mortgages. The development of the study, results for the 1986-1989 period, ongoing nature of the study, and company leverage were discussed.

Description: 2004 SOA Annual Meeting and Exhibit, New York. The panelists discussed approaches for measuring risk across risk elements on a consistent basis and discuss the methods for aggregating results and measuring diversification.

Description: 1999 SOA Annual Meeting, San Francisco. This panel expanded on earlier research to examine the potential costs of long-term guarantees, transfer risk modeling techniques, and the formulation of practical strategies to manage investment accumulation products.

Description: 2004 SOA Annual Meeting and Exhibit, New York. In this discussion, panelists looked at the economic cost of guarantees in VA products and explored some of the methods, concentrating on hedging, that companies are using to manage their exposures.

Description: This session from the 1994 Valuation Actuary Symposium covers the collapse of the real estate market in the early 1990's and the problems it created in cash flow testing and valuation work. It also covers an integrated asset/liability model and the applications beyond cash flow testing including an example for an SPDA.

Description: 2003 Valuation Actuary Symposium, San Diego, CA. This panel imparted an understanding of the International Accounting Standards Board's work on finalizing standards for insurance investment products. Companies domiciled in European Union countries will be required to report financial statements under International Accounting Standards in the near future.

Description: 1994 SOA Spring Meeting, San Francisco. In this interactive presentation, the panel fielded investment questions from the audience. Prepared and audience questions included: 1. What is the FLUX measure? What's it supposed to do for regulators and insurance companies? 2. What sort of things really went on that caused the difficulties at Executive Life, First Capital, and Mutual Benefit? 3. What are some examples of hedges that you would recommend for a $100 million SPDA portfolio to try and combat the effects of rising interest rates? 4. Given the changes that experienced in interest rates, what's that been doing to the durations of typical interest-sensitive liabilities? 5. What do you do to hedge with derivatives or whatever if interest rates are going down? 6. What level of asset-liability matching do companies usually target? How do regulators view this?

Description: This session discusses the progress of an updated individual disability table. It includes a summary of the initial results of incidence rate studies based on the contributed data. From the Record of the Society of Actuaries, Vol. 29, No. 2, Session 39

Description: 1992 SOA Regional Meeting, Anaheim. This session provided an update of current topics relating to individual life insurance. Subjects included: 1. Whole life products with a focus on par products from the marketplace point of view. 2. Financial factors impacting whole life products. 3. Guideline XXX and its impact on level term products. 4. Variable life insurance.