Description: From a session at a meeting of the Society of Actuaries held in San Diego, CA, June 22-23, 2000 A discussion of liquidity management for life insurance companies marketing institutional clients, in particular with respect to GIC contracts and Funding agreements. Topics included: · What happened at General American with their defaults on funding agreements. Why did the regulators and rating agencies miss the problems? · What was the impact of reinsurance? · What is the effect of adding institutional business such as putable funding agreements on liquidity management? · Are there prudent levels of this business that can be beneficial? · What is the effect of funding agreements with downgrade provisions on liquidity risks, and do such provisions create a preference for sophisticated institutional contract holders?

Description: This session from the 1994 Valuation Actuary Symposium presents a question and answer format relating to various valuation topics.

Description: In 2005, the Life and Health Actuarial Task Force [LHATF] of the National Association of Insurance Commissioners [NAIC] requested that the actuarial professional bodies develop mortality tables for reserving that would better reflect the actual mortality of companies for the mortality of preferred risks underwritten in the marketplace today. Setting different levels of valuation mortality appropriate for preferred risks would largely address issues of reserve redundancy due to the assumption of mortality. This interim report covers the Data Validation, Underwriting Criteria, and Experience Analysis portions of this project.

Description: Presented at September 1995 Valuation Actuary Symposium. Regulators discuss their expectations from the Actuarial Report based upon asset adequacy analysis.