Description: This presentation made up Sessions 1 and 2 at the 1987 Valuation Actuary Symposium. The presenters discuss cash flow analysis in light of the valuation actuary concept. Asset and liability cash flows are looked at under different economic scenarios. Future interest rates, investment and reinvestment strategy are included in the discussion of scenario generation. Stochastic scenarios and the number of scenarios are discussed.

Description: The second part of a roundtable discussion on principals-based approach [PBA] and the life insurance industry, in this part discussing mortality experience studies. The first part appeared in the August/September 2008 issue of The Actuary.

Description: This panel discussion is from the 1991 Meeting of the Society of Actuaries, held May 16-17 in New York. The panelists discuss various aspects of accelerated benefits, also known as “living benefits riders,” such as types of benefits, marketing, tax issues, pricing, valuation, and reinsurance. Regulatory issues are discussed, including the work of the American Council of Life Insurance, ‘ACLI,’ and the National Association of Insurance Commissioners, ‘NAIC,’ and their committees, in developing a Model Regulation. Discussion from participants is included. From the Record of Society of Actuaries, Volume 17, No. 2.

Description: This report, prepared by Advisory Subgroup I, was included as Appendix 3 of the 1987 Valuation Actuary Handbook. This advisory subgroup, or committee, was appointed by the New York Insurance Department and chaired by Donna Claire. This committee was charged with developing suggested regulations to deal with the concept of the Qualified Actuary and Actuarial Opinion and memorandum in accordance with New York’s recently amended reserve and nonforfeiture laws for guaranteed interest contracts and annuities with and without life contingencies. The actual regulation, New York Regulation 126, combines the work of the committee with Subgroup II, which focused on minimum reserve standards.

Description: Discussion of events of a the June 2009 NAIC/LHATF meeting.

Description: From the 1986 Valuation Actuary Symposium, held in Washington DC in October 1986 Discussion of emerging practice and regulations of the NAIC and New York Insurance Department with respect to requirements placed on the methods and assumptions used by the valuation actuary in producing the support for the Actuarial Opinion as to the adequacy of reserves for life insurance companies

Description: Panelists – including a New York state insurance regulator, an insurance-company qualified actuary, and a consulting actuary – discuss initial results from the NY filings for 1986 and 1987, the challenges complying with Reg 126, and what companies have learned so far from it. From the 1988 Record of Society of Actuaries, Vol. 14, No. 3.

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

Description: Panelists discuss major pricing issues with immediate annuities: [1] mortality assumptions, including improvement projections and substandard risks, [2] investment strategy, [3] expenses, and [4] valuation. Also discussed separately is a description of structured settlements and special issues with marketing such products. From the 1988 Record of Society of Actuaries, Vol. 14, No. 4A.

Description: This session from the 1995 SOA Spring Meeting discusses the Society of Actuaries research activities directly related to dynamic solvency testing - DST. From Record of Society of Actuaries Vol. 21, No. 1.