Description: 2003 Valuation Actuary Symposium, San Diego, CA. This teaching session described current risk mitigation techniques and their impact upon valuation systems. Topics included: 1. Hedging mechanisms. 2. Policy updates. 3. Regulatory relief. 4. Anticipating evolution of GAAP measurement. 5. Product quarantine. 6. Realistic assumption changes, 7. Maximizing return and minimizing litigation.