Description: This session at the 1998 Valuation Actuary Symposium looks at how companies can use the cash-flow testing structure for additional analysis and be more useful to the managment of the company. The concept of transfer pricing within a life company is explained.

Description: There are many factors involved with managing the financial condition of an insurance company and the factors usually fall into on of three categories: earnings management, capital management and risk management. Transfer pricing involves assigning a price for the use of funds that are transferred within the company.

Description: Panelists: [1] provide an overview of embedded value [EV] and appropriate assumptions, and a comparison with fair value [FV], [2] discuss the various stages of management usage of EV, and [3] review a company's recent actual use of EV across products and for the purpose of determining optimal product mix. From the 2002 Record of Society of Actuaries, Volume 28, No. 3. Session 91PD of the Boston Annual Meeting.

Description: This presentation was session number 31PD at the 2000 Annual Meeting of the Society of Actuaries, held October 15-18 in Chicago. As opposed to reserves, benchmark surplus, and its supporting assets, relatively little attention is paid to free surplus and its supporting assets. The panelists approach these assets “as a portfolio to be managed with its own set of performance goals, risk tolerances, and characteristics, including issues and alternatives for managing unallocated free surplus.” Topics include diversification, setting asset and liability risk tolerances and adjusting risk in the portfolio, performance goals for the portfolio, impact of mergers, acquisitions, and divestitures, and the use of internal capital formulas to drive growth. Discussion from participants is included. From the Record of the Society of Actuaries, Volume 26, No. 3.

Description: This session at the SOA 2001 Annual Meeting looks at issues associated with historically low interest rates from the perspectives of new product development, an investment professional and a corporate view. Included is a discussion of alternative investments ane their risk/return trade offs.

Description: From a session at the Spring regional meeting of the Society of Actuaries held in Atlanta, Georgia, May 24-25, 1999 Panelists discussed a comprehensive risk management approach to quantify the risk exposure from various sources.

Description: This presentation is from session number 43, presented at the 1999 Valuation Actuary Symposium, held September 23-24 in Los Angeles. Increasingly, many insurance companies are enhancing the regulatory cash-flow testing for quantitative analysis of their operations. Enhancements include adding new business, extension of the New York 7 scenarios, and other ways of getting value in addition to compliance. Panelists discuss how widespread the practice of leveraging cash-flow testing is to create a strategic, quantitative tool to support management decision making.