Description: This session from the 1995 SOA Boston Meeting covers a general overview of basic interest rate models, the meaning of an arbitrage free model, the considerations in choosing an appropriate interest rate scenario generator, the uses, alternative approaches, the double mean reverting process model - DMRP, and how good the results are in terms of historical rates. From the Record of the Society of Actuaries, Vol. 21, No. 4b.

Description: From a session at a meeting of the Society of Actuaries held in San Diego, CA, June 22-23, 2000 The panel discusses: 1 Financial modeling tools used by the actuarial profession, 2 Pricing techniques used by Wall Street financial analysts, 3 Advantages and disadvantages of each approach 4 Market implications of each approach, and 5 Potential for harmonization of the two techniques.