Description: In session 117 PD of the Washington Annual Meeting panelists discuss the status of a study regarding the current valuation methodologies applicable to life insurance, annuities, and health insurance, as well as the legal and regulatory mechanisms through which they are implemented. From the Record of the Society of Actuaries, Vol. 23, No. 3.

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 from the 1995 SOA New Orleans Meeting discusses FAS 107, FAS 115, market value of liabilities, the impact of changing interest rates, and statutory issues, including market-value-adjusted products. From the Record of the Society of Actuaries, Vol. 21, No. 1.

Description: This session at the SOA 1990 San Francisco Spring Meeting covers emerging issues in statutory and GAAP financial reporting as well as activity with respect to actuarial principles.

Description: 1993 SOA Spring Meeting, Boston. The session is about fair-value financial reporting. It discussed market value/present value, economic value/value added, Financial Accounting Standards Board initiatives, and Europe 1992.

Description: 1993 SOA Annual Meeting, New York. This session is about Market-Value Accounting. Topics included: 1. Where market-value accounting came from. 2. An historical perspective on the issue. 3. The mechanics of MVA. 4. How companies may change their investment strategies as a result of SFAS 115.

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: 1998 Valuation Actuary Symposium. The panelists provided background about the Unified Valuation Law model, how we got here, what's going on today in 1998, and what we can look for in the future.

Description: This presentation is an Interactive Forum, session number 20IF, from the 1999 Valuation Actuary Symposium, held September 23-24 in Los Angeles. The panelists discuss the American Academy’s Valuation Task Force and its committees working on the proposal to revise the Standard Valuation Law, referred to as the Unified Valuation Law [UVL], to update participants as to the status of the committees’ work. They provide a description of the activities currently taking place, and an update of where the revisions process stands and what the next steps are. The current system versus what is proposed are discussed, including concerns of regulators. Discussion from participants is included.

Description: 1999 SOA Annual Meeting, San Francisco. The panel examined the current efforts of several organizations to craft the next century's insurance valuation framework, and how these efforts are reshaping the way we will do business in the future.