Description: With long duration targeted improvements in the U.S., and IFRS 17 in other countries, the insurance industry is currently undergoing the adoption of two of the most significant accounting changes in recent history. While the scale of these specific events are infrequent, change is the norm in the world of insurance and life of an actuary. We live in a dynamic environment that will continue to bring challenges in how companies make decisions in order maximize their value and return on capital. Capital management requires an ability for insurance companies to take corporate actions and understand the impact this will have on both the current and future available capital. Being able to make optimal decisions when the goal posts are subject to frequent and material shifts in accounting regulation is a difficult process. It requires holistic consideration of all tools available to manage capital and how KPIs can shift in their measurement under new regimes. By attending the session, you will: Discuss the challenges that companies have in managing capital in an ever evolving environment, what steps they have taken in managing the current scope of accounting change, and how they can be prepared for adjustments in the future.

Description: Join us for the Pandemics & Paradigm Shifts: ERM in an Intensely Dynamic World panel discussion, where industry and regulatory perspectives will help provide insight into a number of topics. Expect interactive dialogue opportunities based on the conversation between the panelists and the audience. Key topics that will be conversed about, but the panel is not limited to, include a brief review of historical paradigm shifts and subsequent insurer failures, best practices and an outlook on the ultra-dynamic world of today and consideration of a company's enterprise risk management framework as it affects ratings and insurance department examinations.

Description: This paper reports on the findings of a working group established in 1999 by the SOA's Finance Practice Area to look at how the insurance industry measures and monitors risk through risk position reporting. Also the working group established industry standard practices in risk position reporting and reported on a number of areas for possible improvement in such reporting.

Description: This session at the 1998 Valuation Actuary Symposium looks at how companies can use the cash-flow testing structure for additional analysis and be more useful to the managment of the company. The concept of transfer pricing within a life company is explained.

Description: This session at the SOA 1998 Maui I Spring Meeting looks at how the insurance industry is consolidating and converging with other financial institutions from the viewpoint of Wall Street and banking. Also, panelists discuss how to analyze an insurance company and/or a product line within the company using public information.

Description: This session at the SOA 1998 Maui I Spring Meeting focuses on creating shareholder value from the standpoint of two rating agencies and a securities firm. Factors that influence shareholder value are discussed.

Description: In session 4 PD of the Montreal Spring Meeting panelists discuss the complexities and timing issues involved in determining an earned interest rate. From the Record of the Society of Actuaries, Vol. 23, No. 2.

Description: 1996 Valuation Actuary Symposium. In this session on sources of earnings, the panelists discusses implementation of SOE reporting, use of SOE as a management tool, why having SOE reporting is particularly useful for international operations, and SOE reporting from a reinsurance perspective.

Description: This report identifies the risks that can affect insurance company solvency, provides information and opinions on techniques currently available, and comments on what additional research may be necessary.