Description: Discusses the types of risks that are considered derivatives, the pricing of a derivative, how to manage derivative risks once they are on your books, and some specific examples of how companies are managing them. From the 2002 Record of Society of Actuaries, Volume 28, No. 3. Session 93PD of the Boston Annual Meeting.

Description: Presented at June 1996 Spring Meeting. Provides overview of modern pricing of assets such as derivatives. It includes theory and practical applications, particularly how they relate to insurance companies.

Description: Presented at May 1996 Spring Meeting. The investment environment has undergone significant change over the last several years through the introduction of many sophisticated investment vehicles. This session provides an update on current challenges encountered by life insurance companies in accounting for this new array of investments. Among the issues covered will be accounting for derivatives, mortgage-backed securities, and other hedging vehicles. The session also includes some of the system and projection modeling challenges encountered as a by-product of investment in these vehicles.

Description: Presented at May 1996 Spring Meeting. Panelists discuss the accounting, tax, internal control, and regulatory issues associated with derivative securities and provides an update on recent developments.