Description: This paper investigates the implications of using the Basel II motivated Advanced Measurement Approaches as a method to assess operational risk capital charges for banks and insurance companies with regard to U.S. regulations. The AMA developed in the paper uses actuarial loss models complemented by the extreme value theory to determine the empirical probability distribution function of the aggregated capital charges in the context of various classes of copulas. From Actuarial Research Clearing House, 2006.

Description: The SEC recently approved a financial disclosure rule mandating that a company must release material and market-moving information to all investors simultaneously. This article looks at the new rule designed to make financial disclosure fairer for all investors and how it may pose problems for larger insurers, while it may level the playing field for smaller insurers.

Description: 1993 SOA Spring Meeting, Boston. This session is about trends in life company impairments and insolvencies. Topics included: 1. Recent insolvencies - are there similar situations waiting to be discovered? 2. How meaningful are current financial statements? 3. What do rating agencies say? How much confidence is there in their ratings? 4. The role of cash-flow testing, AVR/IMR, and risk-based capital formulas.

Description: This session from the 1995 SOA New York City Meeting covers liquidity including the external view of liquidity, the internal view of liquidity and liquidity ratios and an actual liquidity stress situation. From the Record of the Society of Actuaries, Vol. 21, No. 2.

Description: This paper on bancassurance in India discusses some of the salient developments of banks in India, how the lack of coordination between bank regulation and insurance regulation created confusion in the development of bancassurance, the main problems facing banks in India, and some of the long term drivers of bancassurance in India. From Actuarial Research Clearing House, 2006.

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: 1992 SOA Regional Meeting, Anaheim. In this panel discussion of the evaluation of the adequacy of capital, the speakers addressed the NAIC risk-based capital proposal, rating agency techniques, and valuation actuary views.

Description: 1992 SOA Annual Meeting, Washington, D.C. This session addressed the asset valuation reserve, the interest maintenance reserve, the RBC requirements, and the impact on the company's investment strategies of these reserves.

Description: In session 69PD of the Montreal Spring Meeting panelists discuss the proposed/adopted versions of the new NAIC model investment law, and their potential financial and investment strategy impact on insurance companies. From the Record of the Society of Actuaries, Vol. 23, No. 2.

Description: 1994 SOA Meeting, San Francisco. This session reviewed the state of developments on the draft of the NAIC Model Investment Law.