Description: From a teaching session at the 2000 Valuation Actuary Symposium held in Washington DC, September 14-15, 2000 Discussion of realistic liability models for use in asset adequacy analysis, asset/liability management, pricing/repricing, financial reporting, or other purposes.

Description: This article describes how to apply the XXX Model Regulation in valuing life insurance policies and the proposed Actuarial Standard of Practice ASOP related the regulation.

Description: This article delves into a new line of statistical thinking of the author, that may be useful for product development actuaries. The key concept is how product design can produce products that diversify quickly, meaning that the company can be confident of a profitable product line, based on fewer sales than might be true for other designs.

Description: Presented at May 2002 Spring Meeting. Discusses changes to reserving and tax regulations and the implications they have on product development.

Description: This presentation is a Teaching Session, number 46TS, from the 2002 Valuation Actuary Symposium, held September 19-20 in Lake Buena Vista, FL. In this session, the instructor discusses simple tools and guidelines to ensure that correct inferences are drawn. The material is presented without using complex mathematical formulas. Topics include application of a normal distribution—when it is appropriate and when it is not, drawing inferences about and creating confidence intervals around tail percentile, and Monte Carlo Simulations for Regulation XXX.