Description: This panel addressed the multitude of issues companies face as banks and insurers become partners. Panelists discussed: 1. Legal issues surrounding mergers of banks and insurers, including the focus of federal regulators. 2. Recent applications by insurers for thrift charters and acquisitions of thrifts. 3. Successful bancassurance models in other parts of the world and best practices applicable in the U.S. 4. U.S. bank distribution models. 5. Financial implications of the manufacturers and distributors having the same parent, including impact on product development, underwriting, and transfer pricing. 6. Impact on carriers relying on banks for distribution when those banks merge with other carriers.

Description: 1994 SOA Spring Meeting, Orlando. This session is about the actuary's developing role in regulating insurance worldwide.

Description: This session from the 1995 SOA Boston Meeting discusses the current economic situation, demographics and insurance market in other countries. The discussion addresses such issues as the changes in laws and regulations, the economic climate, cultural environments, and other factors affecting insurance. From the Record of the Society of Actuaries, Vol. 21, No. 4b.

Description: From a session at a meeting of the Society of Actuaries held in San Diego, CA, June 22-23, 2000 This session focused on the advantages and practical applications of offshore reinsurance. Topics included: · Types of reinsurance · Brief history of the development of the offshore market · Tax and regulatory advantages · Number of reinsurers and size of market · Risks that offshore reinsurance can best address · Financial reinsurance arrangements · Impact of Regulation XXX on demand and price · Regulatory considerations · Details of the use of letters of credit

Description: 1993 SOA Meeting, Quebec. This session is about life company solvency. The speakers discussed whether they believe the industry has stabilized and gave us their perceptions on what the future holds and what companies can do to remain solvent. Topics included: 1. A quick solvency review. 2. Summary of the Duff & Phelps rating process. 3. The key issue facing the life insurance industry today - real estate. 4. How a rating agency views and uses RBC. 5. How to use ratings or, basically, what ratings are and what they aren't. 6. The future of the life, health, and annuity industry with respect to solvency. 7. The capital markets generally and their view of the life sector specifically.

Description: Panelists discussed the implications of the growing trend in Canada toward demutualization of mutual companies into stock companies. Topics covered include: 1. The Canadian demutualization process and some interesting differences between companies and across borders. 2. How is eligibility determined? 3. What process is being used to determine allocation of shareholder value? 4. What mechanisms are in place to protect policyholders' reasonable expectations? 5. What internal and financial structural changes are driven by demutualization? 6. How financial markets assess stock value for companies operating internationally.

Description: 1992 SOA Regional Meeting, Anaheim. The panel discussed the findings of the Task Force for Research on Life Insurance Sales Illustrations and the direction of regulation in this area. The Task Force recommendations reflected input received from regulators, individual life insurance companies, other insurance professionals and actuaries.

Description: This presentation is a panel discussion from the 1991 Annual Meeting of the Society of Actuaries, held October 20-23 in Toronto. The panelists discuss the duties and responsibilities of appointed actuaries, including compliance with qualification standards and actuarial standards of practice. They discuss the United States, where new regulations were recently adopted by the National Association of insurance Commissioners [NAIC], developments in Canada, where new legislation is expected to pass, and also world practice, looking at Europe and the U.K. Discussion from participants is included. From the Record of Society of Actuaries, Volume 17, No. 4B.

Description: Discussion of the current business environment, the profile of the actuary who can meet these needs, directions corporations will take in the 21st century, economic and demographic trends that will affect the environment and markets over the next decade. The panelists discussed the need to be pro-active in shaping the environment.

Description: 1994 SOA Spring Meeting, Orlando. This session is a brief summary and discussion comparing the role of the appointed actuary in different countries including the following: 1. Responsibilities. 2. To whom does the appointed actuary report? 3. Who sets the rules/standards? 4. Potential personal liabilities. 5. How well is the system working?