Description: Panelists at this session of the SOA 2001 Toronto Spring Meeting discuss new profit measures that are used in the management of the company. The focus is on value-added and risk-adjusted return on capital [RAROC] methods.

Description: Performance measurement is not the primary purpose of either GAAP or statutory accounting. This article discusses alternative methods of reporting used by life insurance companies to better measure financial performance.

Description: This presentation is a Teaching Session, number 3, from the 1987 Valuation Actuary Symposium. The first instructor discusses three methods of valuation [and methods of studying C-3 risk]: Gross Premium Valuation [the actuary’s traditional approach], Cash Flow Analysis, and Market Value Analysis, also known as ‘Modern Financial Analysis,’ with a focus on the third. Then the second instructor provides an update on C-2 risk [claims, expenses], and combinations of risk, noting that C-2 risk has not had much attention paid to it. He goes on to describe three types of C-2 risk: stochastic deviations, unpredictable single events, and ‘judgment errors, such as poor underwriting. The third instructor focuses on the C-1 [default] risk. Case studies are included.

Description: This session discussion is about economic value of mutual companies, realization of economic value. policyholders' rights to value and implications for the management of mutuals. From Record of the Society of Actuaries Vol. 15, No. 3B.

Description: This panel discussion, which occurred at the May 1982 Society of Actuaries meeting in Colorado Springs, presented a discussion on life and annuity equity products of the 1980's. Topics included: 1. Product design 2. Taxes 3. Investment policy 4. Regulations 5. Marketing and sales 6. Effect of general account business

Description: Discusses the pricing issues that, if handled successfully, pave the way for a solid statement of actuarial opinion: coordinating pricing and valuation roles, communicating product specifications, setting mutually acceptable assumptions, reflecting risk in pricing and valuation, coordinating investment policy and interest-crediting policy, and anticipating a volatile economic environment. From the 1987 Record of Society of Actuaries, Vol. 13, No. 2.

Description: This is a letter to readers of The Actuary from Arnold Dicke and Walter Lowrie to solicit opinions on the problem which seems to crop up each time an examination is to be set.

Description: This statement is an expression of opinion by the Committee on Actuarial Principles regarding the identification of actuarial principles to be considered for adoption by SOA membership. This covers the following types of principles: statistical, economic and financial, modeling, risk management.

Description: Members of the Life Practice Council of the American Academy of Actuaries discuss the activity surrounding their key issues, and additional projects before the National Association of Insurance Commissioners. From the 1997 Record of Society of Actuaries, Vol. 23, No. 3.

Description: The actuarial profession has been questioning the continued applicability of its historical paradigm and principles over the past decade. The author feels actuaries should stick with their historical strengths.