Description: This panel discussion addressed the impact of inflation on Group Insurance. Discussion focused on pricing techniques, plan design issues and surplus levels.

Description: Presented at May 2002 Spring Meeting. Discusses the status of the second phase of the AAA C-3 Risk project. This project is leading to an updated NAIC filing requirement and is a step toward fair value. The specific focus is on equity risk and bond funds in the distribution tails. Products covered include variable life and annuities.

Description: This panel discussion session focused on the practical applications of risk theory.

Description: The author proposes the concept of a risk-free equivalent rate of return on shareholders' equity, or ‘REROSHE,’ as a means of helping business managers make decisions involving risk. The author defines REROSHE as ‘that certain return on an investment of u that will generate the same expected value of utility as will earnings on a line of business supported by surplus u.’ Includes discussion and author’s review of discussion. From Transactions of Society of Actuaries 1983 Volume 35.

Description: Full version of The Financial Reporter, Issue 45, March 2001.

Description: This session at the 1998 Valuation Actuary Symposium gives an overview of risk management. Two example company programs are described. The use of value at risk as a measure is discussed.

Description: Panelists at this session of the 2000 Valuation Actuary Symposium discuss recent developments in the area of fair-value financial reporting including recent FASB developments, international accounting standards, and different approaches to valuing liabilities.

Description: Presented at May 2002 Spring Meeting. Panelists identify the risks and risk-mitigating actions that an insurer can take. Approaches discussed include reinsurance, investment programs and offsetting risks in one product against those in others.

Description: This presentation is an open forum, session number 11OF, from the 2000 Valuation Actuary Symposium, held September 14-15 in Washington, DC. The panelists discuss recent Generally Accepted Accounting Principles [GAAP] developments and practical problems in implementing and maintaining GAAP systems. Topics include recent GAAP pronouncements and American Institute of Certified Public Accountants [AICPA] Insurance Companies Committee developments. Discussion from participants is included.

Description: This presentation is a panel discussion, session number 35PD, from the 2002 Valuation Actuary Symposium, held September 19-20 in Lake Buena Vista, FL. The panelists discuss integrating the risk management function within an enterprise, where the concept involves evaluating, monitoring, controlling, and mitigating risks across the entire insurance company. Topics include quantification of risk exposures, including insurable and financial risk, nonfinancial or operational risk, and modeling risk on a company-wide basis. They discuss how a company might go about setting up a risk management process and what companies are really looking to accomplish. They also discuss the Society of Actuaries goal to make risk management a regular part of actuarial practice through development and improvement of educational materials for actuaries, and through the advancement of the actuarial profession in risk management. Discussion from participants is included.