Description: Companies exempt from PBR can benefit by borrowing ideas and lessons learned from companies that perform and operate in a PBR world. The presenters will discuss VM requirements related to governance policies, as well as assumption and margin setting, plus model validations and controls which can benefit smaller insurance companies. Attendees will learn about new actuarial practices and how the PBR methodology and Valuation Manual can influence their work and highlight available resources.

Description: Over the last few years, many direct companies have started inforce management programs and are now navigating what actions can be taken to optimize the business. At the same time, the legal, compliance, and regulatory environments are also changing. The presenters will explore the development and implementation of programs such as changing non-guaranteed elements or efforts to improve experience while considering the changing compliance environment, including New York Regulation 210, ASOP2 and litigation challenges.

Description: Actuaries continue to expand their breadth and depth of skills, business acumen, and industry knowledge. The presenters will share the many resources available to actuaries who wish to expand their reach and impact, including an overview of the resources available through the SOA, how it monitors emerging actuarial trends and acts on a changing professional landscape, how it identifies appropriate research projects, and how the association strives to deliver actuarial education to ensure its credentials are prestigious, relevant and globally recognized. If you want to engage with the actuarial profession on a deeper level, this session will help you understand the structure and will inspire you to grow yourself and the profession in a positive, meaningful way.

Description: The key tasks of credit risk capital project under CROSS II mainly focus onL(1 )Adjustment of measurement framework; (2) Calibration of risk factors, including both credit spread risk and credit default risk;3)Introduction of concentration risk measurement; (4) Higher requirement on look-through rule.

Description: Three industry actuarial experts respond to pre-submitted and from-audience questions regarding the future of the valuation actuary, and statutory and GAAP accounting issues. Session 30OF of the 2005 Valuation Actuary Symposium.

Description: The image campaign for the actuarial profession is described. From Record of the Society of Actuaries, Vol. 30, No. 3.

Description: This presentation is an open forum, session 11OF, from the 2004 Spring Meeting of the Society of Actuaries, held May 19-21 in Anaheim, CA. The panelists note that defined benefit [DB] pension actuaries are finding themselves working in new and expanded roles in the new millennium, and discuss the answers to challenging questions raised by working in this environment, such as what additional training is recommended, and what the unique challenges and rewards are. The panelists look at the future with respect to the DB actuary, with respect to less traditional roles in that area as well as opportunities in the area of defined contribution plans. Discussion from participants is included. From the Record of Society of Actuaries, Volume 30, No. 1.

Description: 2003 Valuation Actuary Symposium, San Diego, CA. In this open forum participants' questions were addressed by experts in the field. Some of the questions: 1. How does actuarial practice develop with regard to questions about interim results and asset-adequacy analysis projections? 2. If the present value measures used in typical asset-adequacy evaluation include a favorable adequacy opinion, are there patterns of interim results that under commonly accepted actuarial practice would require additional reserves to be established? 3. What is the most extreme stochastic modeling that you have seen? How many scenarios on how large a block, on how complex a model, on how many PCs or what type of computer that ran for over how many days? 4. Is codification retroactive? Does it impact any previous reserving methodologies put in place on policies issued before codification was effective? 5. What are your individual views on whether the federal government should provide a backstop to group or individual life insurance to handle terrorism catastrophes? 6. What are your thoughts are on the move toward stochastic methods for setting reserves?

Description: This presentation is a panel discussion, session number 26PD, from the 2002 Valuation Actuary Symposium, held September 19-20 in Lake Buena Vista, FL. The Enron scandal is likely to result in a more transparent disclosure of balance sheet liabilities. The panelists provide a professional/legislative update and offer pragmatic tips to valuation actuaries about how to respond effectively to increased scrutiny. They discuss the Corporate Accountability Act and the increased oversight of the accounting profession that will result, and the implications for actuaries working in accounting firms. They emphasize the importance for actuaries to be aware of the higher standards of independence and the need to follow actuarial standards of practice. Discussion from participants is included.

Description: 2002 Valuation Actuary Symposium, Lake Buena Vista, FL. In this session the speakers provided speaking advice. They discussed how to: 1. Identify relevant and appropriate content and focus it at the proper level for the particular target audience. 2. Organize the presentation in a logical fashion that shows clarity, conciseness, and an appropriate introduction, body and conclusion. 3. Deliver the material in a dynamic manner that builds and maintains interest.

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.

Description: 1999 SOA Annual Meeting, San Francisco. Presenters addressed the skills needed by actuaries to compete for business opportunities leading to advancement, and describe one company's approach to the issue. Skills discussed: 1. Communication. 2· Management. 3· Crossover . 4· General insurance knowledge. 5· Leadership.

Description: The presenter examined the concept of customer intimacy as a way to maintain a viable position in a competitive market. He then develops the concept of customer intimacy as a way to maintain a viable position in a competitive market. Finally, he covers the information, product/delivery, organizational, and performance measurement strategies that a company should follow to achieve customer intimacy.

Description: From session 60PD at the Spring regional meeting of the Society of Actuaries held in Atlanta, Georgia, May 24-25, 1999, Panel examines a range of issues surrounding the organization of the actuarial department of an insurance company.

Description: From session 77IF at the Spring regional meeting of the Society of Actuaries held in Atlanta, Georgia, May 24-25, 1999, panelists explore the workings of the Actuarial Standards Board.

Description: Table of Contents for the May 1999 Spring meeting of the Society of Actuaries

Description: This open forum at the 1998 Valuation Actuary Symposium provides an opportunity for participants to raise issues or concerns that senior or chief actuaries face with focus on actuarial issues that may be of concern to company management.

Description: This session at the SOA 1998 Maui I Spring Meeting discusses issues related to the more direct involvement of actuaries on the asset side of the balance sheet.

Description: 1998 SOA Spring Meeting, Maui. The CEO of the ACLI provided his views on insurance industry issues and the role of the actuary.

Description: Presented at October 1996 Annual Meeting. This panel presents an overview of current and future employment trends in each area of the actuarial profession. Topics include: skill development, marketability and future opportunity positioning.

Description: This session from the 1995 SOA Boston Meeting covers topics and methods for better coordination between actuaries and investment professionals. The session will concentrate on the coordination of pricing, crediting, and investment strategies. From the Record of the Society of Actuaries, Vol. 21, No. 4a.

Description: This session from the 1995 SOA New York City Meeting examines ethics from the standpoint of the actuary. From the Record of the Society of Actuaries, Vol. 21, No. 2.

Description: 1994 SOA Spring Meeting, San Francisco. In this session the panelists led the audience through case studies that required the development of various difficult assumptions where experience is limited. The panel discussed the key issues and how they would go about developing each assumption.

Description: 1994 SOA Spring Meeting, San Francisco. This session provided an overview on the following issues regarding solvency analysis: 1. Will the actuary perform a financial condition analysis or provide an opinion on solvency? 2. Will the analysis be for internal use only or for public reporting? 3. Progress on the SOA's Dynamic Solvency Handbook. 4. Dynamic solvency research. 5. Canadian experience with solvency testing.

Description: 1994 SOA Meeting, San Francisco. List of sessions and workshops with no written record. From Record of the Society of Actuaries Vol. 20, No. 2

Description: 1994 SOA Spring Meeting, Orlando. This session is about identifying international opportunities, positioning yourself for those opportunities, determining skills needed, and comparing with skills you have.

Description: Table of contents from Record of Society of Actuaries Vol. 20, No. 1in Orlando on April 20-22, 1994.

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

Description: 1994 SOA Spring Meeting, Orlando. This session discussed the SOA research structure and provided an update on projects and experience studies.

Description: 1993 SOA Annual Meeting, New York. Table of contents of 1993 SOA Annual Meeting held in New York on October 17-20, 1993 from Record of Society of Actuaries Vol. 19, No. 4B.

Description: 1993 SOA Annual Meeting, New York. This session was held before the passage of NAFTA. The participants provided their thoughts about its potential passage and associated implications from their three perspectives - US, Canada, and Mexico.

Description: 1993 SOA Annual Meeting, New York. List of workshops and sessions with no written record at the 1993 SOA Annual Meeting in New York. From Record of the Society of Actuaries Vol. 19, No. 4B.

Description: 1993 SOA Meeting, Quebec. This session was geared towards goal setting for actuaries who manage functional areas, departments, or divisions. Topics included: the reasons why goal setting and achievement are often ineffective, the key success factors in setting and achieving goals, and a proven methodology for setting and achieving goals.

Description: 1993 SOA Spring Meeting, Boston. This session provided an overview of the insurance industry around the world. Topics included: 1. What does it take to become an actuary in foreign countries? 2. Professional Standards of Practice. 3. Disciplinary Standards. 4. Education programs supported by the SOA in developing countries.

Description: 1993 SOA Spring Meeting, Boston. This is the list of sessions with no written record from 1993 SOA Spring Meeting, Boston. Record of the Society of Actuaries Vol. 19, No. 2.

Description: 1993 SOA Spring Meeting, San Diego. This is a list of sessions with no written record from the 1993 SOA Spring Meeting in San Diego.

Description: This session from the 1993 Valuation Actuary Symposium addresses professionalism of the actuary.

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: In this “nontraditional” general session from the 1991 Annual Meeting of the Society of Actuaries, held October 20-23 in Toronto, the panelists, a “judge,” a “defendant,” and a “prosecutor” present a humorous “trial” to explore what the boundaries of “traditional” actuarial work are. A theme of the session is that some of what we call “nontraditional” is an expansion of traditional actuarial work, and that we owe it to our public to broaden our horizons. Discussion from participants is included. From the Record of Society of Actuaries, Volume 17, No. 4A.

Description: This session at the SOA 1990 Annual meeting is about global dynamic - definition, effect on the actuarial profession, actuaries and insurers response to it.

Description: This session at the SOA 1990 Annual Meeting is about what do we need to do as a profession in order to prepare ourselves and our profession as a whole for the needs and demands of the future. Focus is on education, research, professionalism, and public relations.

Description: This session at the SOA 1990 San Francisco Spring Meeting focuses on the relationship between the pricing actuary and the valuation actuary from the standpoint of each.

Description: This session at the SOA 1990 Hartford Spring Meeting is about incentive compensation in the life insurance industry including the need for such plans, plan design issues and performance measures.

Description: This session at the SOA 1990 Dallas Spring Meeting discusses the design and implementation of employee benefits from the viewpoints of a consultant, a corporate client, an insurance company, and also from a collective bargaining perspective.

Description: This session discussion is about fellowship admissions course, what it is, when will it happen and to whom does it affect? From Record of the Society of Actuaries Vol. 15, No. 3B.

Description: This presentation at the 1989 Valuation Actuary Symposium discusses the differences in viewpoint and mind-set between the valuation actuary and the chief investment officer. How these differences played out in an exercise to determine asset strategies is reviewed.

Description: Panelists were members of the Actuary of the Future/Future of the Actuary Task Force of the Society of Actuaries [SOA]. They discussed the topics in their report to the SOA Board of Governors that related to a description of the current profession, the demand for actuaries in the 21st Century, what actuaries will be doing in the 21st Century, and implications for the selection, education, and training of actuaries. From the 1988 Record of Society of Actuaries, Vol. 14, No. 4B.

Description: People who have been there discuss feeling good about yourself in a time of change, re-organization, mandatory job changes, voluntary job changes, new responsibilities, and effects on the family. From the 1988 Record of Society of Actuaries, Vol. 14, No. 2.

Description: 1987 Valuation Actuary Symposium. This session addressed the task of designing a new NAIC model valuation law embracing the valuation actuary concept, the development of a new Academy SOP specifying how cash flow testing should be done, and SOA committee research to help the valuation actuary to do a better job.

Description: This session from the 1984 SOA Toronto Meeting discusses the Valuation Actuary, the changing role and the actuarial opinion. From Record of the Society of Actuaries Vol. 10, No. 4B

Description: This session from the 1983 SOA Vancouver Meeting discusses current regulatory topics affecting life insurance and annuity product development including smoker/non-smoker mortality tables, unisex legislation being considered and life insurance without guaranteed cash values. From Record of Society of Actuaries Vol. 9, No. 3

Description: This document summarizes the meeting of the Individual Life Insurance and Annuity Product Design Section that occurred at the October 1982 Society of Actuaries Annual Meeting in Washington D.C. The meeting of this section consisted of a report to members, role and purpose of the section, and an open discussion.

Description: This meeting session, which occurred at the April 1982 Society of Actuaries meeting in Orlando, presented a look ahead as of 1982 at opportunities for actuaries in the 1980's and 1990's. Questions addressed by the panel included: i. Will traditional opportunities be reduced? 2. What non-traditional opportunities are available? 3. What changes are needed in our educational process? 4. How do we make non-traditional employers aware of actuarial skills and their value? 5. What will actuarial work be like? 6. Some perspectives on the situation in Canada as it moves toward more government ownership and control of financial security programs

Description: This is the presidential address by former SOA president, Robin B. Leckie. From Transactions of Society of Actuaries 1981, Vol. 33.

Description: The most important purpose of this open forum is to provide a forum at which interested persons can make specific suggestions about what the research needs of the profession are and how they might most effectively be carried out. From Record of the Society of Actuaries 1981, Volume 7, No. 4.

Description: This 1981 session concerned Actuaries and the Media. Topics included: 1. How do the media decide what is newsworthy? 2. What makes news, and how is it defined, both for the general public and a specific industry? 3. What makes news from the actuarial profession? 4. Why is a story news today but not news tomorrow? 5. What variables are involved in making news, and how do these change from day to day and from publication to publication? 6. How do the media cover public issues? 7. What do the media look for in interviews and background information? From Record of Society of Actuaries, Vol. 7, No. 2.

Description: This panel discussion session focuses on the state of the actuarial profession in 1981 and how each US actuarial organization supports the profession. From Record of Society of Actuaries 1981, Vol. 7, No. 1.

Description: This meeting session presented at the 1980 SOA Spring Meeting in Minneapolis, provides an overview and discussion panel related to the original formation of SOA Sections. The document provides an explanation and overview to section development. From Record of Society of Actuaries, Vol. 6, No. 2.

Description: This panel discussion was presented at the 1980 SOA Spring Meeting in Minneapolis. The topic was the work of the actuary in the future including skills needed, future economic and demographic developments, and what new roles and functions will emerge. From Record of Society of Actuaries, Vol. 6, No. 2.

Description: This panel discussion explores the basic principles of futurism, who are the futurist, The Trend Analysis Program of the American Council of Life Insurance TAP and possibilities for actuaries with respect to futurism.

Description: This 1978 session focused on education for the profession and expanding roles of the actuary. Topics include i. Education for an expanding actuarial profession.2. Expanding the actuary's role in life, property and liability insurance From Record of Society of Actuaries, Vol. 4, No. 1.

Description: This discussion focuses on actuarial reports to management. From Record of Society of Actuaries, Vol. 1, No. 1.

Description: This is a greatly condensed summary of the panel discussion of Robert B. Mitchell's book, 'From Actuarius to Actuary, The Growth of a Dynamic Profession in Canada and the United States,' and is intended merely to convey some idea of the interesting colloquy which took place. From Transactions of Society of Actuaries 1974, Vol. 26, Pt. 2D, No. 76.

Description: This is the presidential address by former SOA president, Thomas P. Bowles, Jr. From Transactions of Society of Actuaries 1973, Vol. 25, Pt. 1, No. 73.

Description: The following topics were discussed at concurrent sessions: 1. Personal Security in the 1970's- United States and Canada, 2. Adjusted earnings for life companies, 3. Pension funding, 4. What about these younger actuaries?, 5. Sources of statistical information for actuaries, 6. Variable life insurance, 7. Models and decision techniques, and 8. Role of the actuary in expense control. From Transactions of Society of Actuaries 1970, Vol 22, Pt. 2, No. 63.

Description: This panel discussion covers the origins, changes and developments during the first twenty years of the Society of Actuaries since its founding in 1949. From Transactions of Society of Actuaries 1969, Vol. 21, Pt. 2, No. 61.

Description: This panel discussion at the SOA 1968 Annual Meeting is about managing, motivating and directing technical and professional personnel.

Description: From the 1960 Transactions Vol. 12 No. 33, this ‘Digest of Informal Discussion’ took place at the 1960 Eastern Spring Meeting of the Society of Actuaries, held in Washington, D.C. March 24-25. The focus of the discussion was on the function of the actuary and the insurance company’s public relations, and what the actuary is doing and can do further to improve relations between insurance companies and the public.

Description: This is the presidential address given by former President of the Society of Actuaries, Pearce Shepherd. From Transactions of Society of Actuaries 1959, Vol. 11, No. 31.

Description: This Transactions section contains book reviews and summaries of recent publications. From Transactions of Society of Actuaries 1959, Vol. 11, No. 29 AB.

Description: This is the presidential address by former President of the Society of Actuaries, Edmund M. McConney. From Transactions of Society of Actuaries 1949, Vol. 1, No. 1.