Description: This is a discussion of universal life products. It includes: 1. Benefit structure including underwriting and reinsurance, values, and surplus requirements 2. Asset-liability matching 3. Taxes, expenses, and administration 4. Consumer protection, including the company's obligations, at time of sale 5. Marketing, sales compensation, and replacement questions Specifically it highlights the benefit structure asset-liability matching taxes, expenses and administration consumer protection, including the company's obligations, at time of sale and marketing, sales compensation and replacement questions.

Description: This session at the SOA 1990 Annual Meeting presents an overview of the life insurance business in all parts of Europe, Latin America and the Far East. Differences in culture, economics, markets and regulation are highlighted.

Description: This paper begins with an investigation of the conceptual profit model known as Anderson's formula, then it compares Anderson's formula with two alternative profit formulas and discusses some applications and limitations of each method. A discussion of the paper follows. From Transactions of Society of Actuaries 1979, Vol. 31.

Description: Examination of how mean reserve factors can best be calculated in light of the new accounting reporting requirements for the earnings of stock life insurance companies. Also examines some methods of expense amortization, including the reserve factor method, and also attempt to show an informative comparison of how reported calendar-year earnings can be expected to emerge with statutory mean reserve factors, natural mean reserve factors, and assorted expense amortization methods. Followed by several submitted discussion papers

Description: This meeting session was conducted at the SOA's 1976 Spring Meeting in Houston. The topic was an ERISA update related to insured pension plans. Topics presented included: value of Enrolled Actuary vs. FSA, the American Academy of Actuaries position on the EA vs FSA, funding assumptions, actuarial certifications, and special valuation problems.

Description: The purpose of this discussion is to broaden the perspective of the practicing actuary by discussing the possible effects of genetic engineering on our policyholders and clients. To this end, we will be describing genetic engineering and the part if may play in changes in longevity. We will also be discussing the effect of such changes on current mortality trends and will comment on how actuaries can anticipate and respond to such changes. From Record of the Society of Actuaries 1979, Volume 5, No. 1.

Description: This discussion at the SOA 1968 Philadephia and Los Angeles Regional Meetings covers premiuims and dividend determination methods for individual ordinary insurance, new product ideas such as nonsmoker policies, profit analysis methodologies, and methods for comparing products of different companies.

Description: 1993 SOA Annual Meeting, New York. In this session senior insurance executives discussed a wide variety of topics including: 1. Image of industry. 2. Technology. 3. Complex competitive environment. 4. Expense and profitability problems. 5. Expansion of government programs. 6.Positioning for potential health insurance reform. 7. Maximizing profitable use of information technology. 8. Downsizing, outsourcing and lean staff. 9. Product focusing and niche marketing. 10. Joint ventures versus mergers. 11. Improving the image of the industry. 12. Managing employee relations in a climate of change. 13. Motivation and empowerment of employees.

Description: A report of the recent meeting of the International Forum of Actuarial Associations IFAA highlighting actuarial education, accounting standards and the organization's business plan.

Description: This session discussion was about the North America Free Trade Agreement between Mexico, Canada and the United States: Expectations, status, opportunities and implications with respect to professional mobility, financial institution reform, social security systems, and employee benefit plans.