Description: This article describes an initiative of the Chief Risk Officer Forum to perform a study to benchmark internal models, so as to discuss the admissibility of these models for regulatory purposes in the context of Solvency II. The results of and reactions to that study are discussed.

Description: 1993 SOA Meeting, Quebec. This session was about the impact of low interest rates. In 1993 the Moody's Aaa Corporate yields were near 8%. Topics included: 1. The effect by product line on different kinds of business. 2. The effect on merger and acquisition activity. 3. The interaction with tax 4. The interaction with regulatory changes.

Description: This article gives an overview of the CFO Forum diversification paper. The key points that the CFO Forum made are: 1. The lack of sufficient diversifying strategies for risk management needs to be addressed. Therefore they provided a policy framework that promotes sound risk measurement and management practices in a way that can be implemented and supervised with confidence. 2. The lack of sufficient regulatory over-site needs to be addressed, so they presented a set of core principles to form the basis of European insurance regulation. These core principle incorporate diversification in a consistent manner.

Description: The concept of Value Added [based on Embedded Value] is discussed in detail, from theory to implementation, pros and cons, and how it works in practice. Session 11 of the 1991 Valuation Actuary Symposium.

Description: This session from the 1995 SOA New Orleans Meeting reviews trends in savings products including the Index Annuity, the CD annuity, variable life, variable annuities, modified endowment contracts - MEC and shifts in the banking industry. From the Record of the Society of Actuaries, Vol. 21, No. 1.