Description: This session from the 1992 Valuation Actuary Symposium discusses cash-flow testing and looks at the sensitivity of key assumptions including interest rates, policyholder lapsation and asset cash flow.

Description: Panelists provide background and updates on a number of statutory issues relating to life and annuity products, including statutory codification implementation, Actuarial Guideline MMMM, Actuarial Guideline AXXX and implications of the movement to the 2001 CSO table. Changes to federal reporting requirements, through the Sarbanes-Oxley Act, are briefly discussed relative to the recent accounting problems in the news. From the 2002 Record of Society of Actuaries, Volume 28, No. 3. Session 78OF of the Boston Annual Meeting.

Description: Three industry actuarial experts respond to pre-submitted and from-audience questions regarding the future of the valuation actuary, and statutory and GAAP accounting issues. Session 30OF of the 2005 Valuation Actuary Symposium.

Description: Panelists discuss prevailing business models, as well as the role of the home office, adopted by valuation departments to meet business needs. Potential business models include decentralized subsidiary models, centralized hub, outsourced to external vendor and hybrids.

Description: This presentation is a General Session, number 1GS, from the 2002 Valuation Actuary Symposium, held September 19-20 in Lake Buena Vista, FL. Events such as the terrorist acts of September 11, the accounting scandals, continued volatility in the equity markets, and low interests rates have impacted and will continue to impact the industry and our profession for many years to come. The three keynote speakers, an industry analyst and two leaders of our profession, provide their views regarding these impacts and how the industry and our profession might change and act as a result of these events, emphasizing the importance of actuaries’ professionalism. Discussion from participants is included.

Description: This presentation is an open forum, session number 45OF, from the 2002 Valuation Actuary Symposium, held September 19-20 in Lake Buena Vista, FL. The panelists provide an opportunity for participants’ questions to be addressed, including questions submitted in advance, on any valuation symposium issue, including financial reporting, valuation, and tax topics.

Description: This session 33 OF of the 2004 Valuation Actuary Symposium is an opportunity for participants' questions to be addressed by the experts in the field. Questions may be raised by the participants from the floor and by the moderator and panelists as well.

Description: 2003 Valuation Actuary Symposium, San Diego, CA. In this open forum participants' questions were addressed by experts in the field. Some of the questions: 1. How does actuarial practice develop with regard to questions about interim results and asset-adequacy analysis projections? 2. If the present value measures used in typical asset-adequacy evaluation include a favorable adequacy opinion, are there patterns of interim results that under commonly accepted actuarial practice would require additional reserves to be established? 3. What is the most extreme stochastic modeling that you have seen? How many scenarios on how large a block, on how complex a model, on how many PCs or what type of computer that ran for over how many days? 4. Is codification retroactive? Does it impact any previous reserving methodologies put in place on policies issued before codification was effective? 5. What are your individual views on whether the federal government should provide a backstop to group or individual life insurance to handle terrorism catastrophes? 6. What are your thoughts are on the move toward stochastic methods for setting reserves?

Description: From a session at the 2001 Valuation Actuary Symposium, held in Lake Buena Vista, Florida, November 29-30, 2001 Presents questions to actuaries who are experts in the field of actuarial valuation of insurance company assets and liabilities.

Description: 1998 Valuation Actuary Symposium. The panelists provided background about the Unified Valuation Law model, how we got here, what's going on today in 1998, and what we can look for in the future.