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: 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: Presented at September 1995 Valuation Actuary Symposium. Discusses capital measurement and management, target return on capital, and economic value added as a tool for capital management and performance measurement.