Description: Panelists discuss: [1] a way to study interest-rate risk using stochastic methods, [2] a conceptual framework needed to evaluate the suitability of an investment strategy for insurance liabilities, and [3] how one company [Capital Holding] develops investment strategies and asset/liability management policies. From the 1988 Record of Society of Actuaries, Vol. 14, No. 2.

Description: 1998 SOA Spring Meeting, Maui. Panel discusses the some of the newer outlets that portfolio managers have been using for their investable cash. Topics discussed: 1. New risk classes. 2. Update on insurance and catastrophe risk bonds. 3. Capital-efficient structured notes. 4. Leveraged debt and equity plays. 5. Other risk/reward enhancement techniques.