Description: Presented at May 2002 Spring Meeting. Panelists address recent, current, and proposed activity in the life insurance company financial reporting environment. This session provides updates on a number of GAAP, statutory, tax and international financial reporting issues.

Description: Actuaries and rating agencies increasingly believe that the NAIC's formulaic required capital standard does not adequately address a company's insurance, economic market and credit, reporting and pricing risk structure. Economic capital, based upon a stochastic evaluation of a company's total risk exposures, presents a new approach for accurately gauging a company's exposure to risk. Attendees learn what economic capital is, how it is calculated, what it tells company management about risk exposures and how it can serve as a valuable risk-adjusted measurement tool. From the Record of the Society of Actuaries, Volume 29, No. 1: Washington D.C. Spring Meeting, May 29–30, 2003, Session 24OF.

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: Panelists at this session of the SOA 2001 Toronto Spring Meeting give an overview of the new methodology to compute the C-3 component of statutory risk-based capital and quantification of the impact of the change in methodology. Issues from a regulatory perspective and from a company perspective are discussed.

Description: 1998 Valuation Actuary Symposium. The panelists addressed the practical implications of how to use value-at-risk in a real-life setting, risk-based surplus, and an update of the C-3 component of RBC. This session is a mix between the regulatory situation and quantitative analysis.

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

Description: 1993 SOA Meeting, Quebec. This session is about capital management. Topics included: 1. Capital allocation. 2. Capital rationing. 3. Financial or product-line management issues.

Description: Presented at May 2002 Spring Meeting. This session covers NAIC 2001 changes to RBC requirements, the impact they have had on regulators, the rating agency reaction and proposed changes for 2002.

Description: This presentation is a panel discussion, session number 43PD, from the 2002 Valuation Actuary Symposium, held September 19-20 in Lake Buena Vista, FL. The panelists provide an overview of the current risk-based-capital [RBC] requirements for life insurers, as well as recent and potential changes to RBC. They discuss reinsurance, including off shore solutions. Recent changes they discuss include Phase I C-3, interest-rate risk for annuities and single premium life, common stock changes, and deferred-tax recognition. The panelists also discuss the proposed stochastic modeling standard C-3 Phase II for variable annuities. Discussion from participants is included.