Description: 1997 Valuation Actuary Symposium, Session 35 discusses ALM and how company management needs to be involved and understand the value of ALM.

Description: 1999 Valuation Actuary Symposium, Los Angeles. This session focused on how the industry has responded to the financial management challenges associated with Equity-Indexed products. Topics included: 1. Investment hedging and market volatility. 2. Product modeling. 3. Participation rate competition. 4. Product evolution. 5. GAAP for Derivatives - FAS 133.

Description: Panelists discuss the challenges of managing the financial risks of guaranteed minimum death benefits [GMDBs] and guaranteed living benefits [GLBs] on variable annuity contracts. In particular, they discuss managing these risks through product design and through hedging. From the 2002 Record of Society of Actuaries, Volume 28, No. 3. Session 31PD of the Boston Annual Meeting.

Description: In the past, risk management has not been an integrated process in insurance companies. Changes in the financial industry refocused management attention to risk management. Management is starting to develop new ways to examine financial risks holistically in an integrated model: from 2004 Valuation Actuary Symposium, session 29PD.

Description: From a session at the Spring regional meeting of the Society of Actuaries held in Atlanta, Georgia, May 24-25, 1999 Equity-indexed products require an asset strategy that matches the equity options embedded in the liability. The panel discusses the following: A. Two asset strategies 1. Purchasing equity options that match the liability options: Is this a perfect match or are there still unhedged risks? 2. Dynamic hedging using the mathematics of “the Greeks”: Is it self-insuring? B. Accounting issues with these strategies

Description: From a session at the Spring meeting of the Society of Actuaries held in San Antonio, Texas, June 14-15, 2004 This session covers different methods for estimating future volatility of financial markets, how to predict the effect of volatility on insurance company results, alternative approaches to managing volatility and the impact on volatility management on the choice of modeling method.

Description: This session at the SOA 1998 Maui I Spring Meeting discusses issues related to the more direct involvement of actuaries on the asset side of the balance sheet.

Description: Panelists at this session of the SOA 1998 Maui I Spring Meeting presents their approach to an integrated risk management framework that assesses the level of risk in the organization and where it lies on the balance sheet.

Description: Presented at May 1996 Spring Meeting. In this teaching session, various forms of asset-backed securities, e.g., credit cards, auto, home equity, commercial real estate, mobile homes, etc., are examined. Also discussed is basic structures and the risks and opportunities and critical parameters involved.

Description: Presented at May 2002 Spring Meeting. Attendees learn about tools used to manage enterprise risk and optimize firm value. Potential topics include economic surplus, earnings at risk, and law of one price. Attendees learn how various risk-management tools can complement each other.