Description: Presented at October 1986 Annual Meeting. This session discussion is about how capital should be measured, cash flow based surplus, what performance measures are reliable, return on equity, book gains, terminal funds, how much surplus is needed, business planning for future capital needs, capital restructuring, how should multiple risks be combined and qualitative issues versus numbers as they relate to future growth.

Description: Presented at May 1985 Spring Meeting. This session discussed: Hurdle rates, Internal rate of return, Payback, Net present value, Lease versus buy decisions, Build versus buy decisions, Application to computer hardware and software decisions, Project budgeting, Post-implementation audit.

Description: Presented at May 1986 Spring Meeting. This session discussion is about how much surplus is needed, how it is determined, treatment of participating policyholders, approaches for measurement, and regulatory and professional body requirements affecting surplus relief reinsurance.

Description: Recently, the media has begun to focus on the “capital squeeze” facing the life insurance industry. The February 20 issue of National Underwriter reported on a study just completed by Standard & Poor’s: “The life insurance industry is caught in an unprecedented squeeze on capital...