Description: Banks and insurance companies today are addressing many similar issues. Included are product, business unit, and corporate profitability capital requirements and allocation issues reserve adequacy and data development and practical utilizations. Actuaries are uniquely qualified to address these issues.

Description: This session from the 1995 SOA New Orleans Meeting reviews bank annuity product development from three perspectives: strategic alliances between insurance organizations and banks, a consultant matching banks with insurance carriers, and a reinsurer working with banks on the 'retirement CD' product. From the Record of the Society of Actuaries, Vol. 21, No. 1.