Description: From a session at the annual meeting of the Society of Actuaries held in Chicago, Illinois, October 15-18, 2000 Discussion of indexed guaranteed separate accounts, typically issued to defined-benefit pension plans. Contract terms, risks, marketing, financial reporting, reserves, and investment strategies are discussed. Risk-based capital and the National Association of Insurance Commissioners Model Regulation for Separate Accounts with Guarantees are also discussed. A hypothetical indexed separate account is analyzed for return on capital and economic risk.

Description: Presented at May 2002 Spring Meeting. Discusses the basics of asset allocation for life insurance companies, such as primary asset classes, asset allocation in a tax-free environment, and the impact of rating agencies on company management.

Description: This session at the SOA 2003 Washington, DC Spring Meeting focuses on the current low interest rate environment, which creates pressure on life companies to reach for incrementally higher yields via longer durations or higher credit risk or other means. The opportunities and risks of doing so are explored.