Description: This session discussion is about research on the financial implications of AIDS, particularly reserving and pricing implications, has been conducted by several major actuarial bodies. Their up-to-the-minute findings and recommendations will be presented at this meeting. We will then have an open discussion of these reports and also discuss what actions companies have already taken or plan to take. From Record of the Society of Actuaries Vol. 15, No. 2.

Description: This panel discussion is from the 1991 Meeting of the Society of Actuaries, held May 16-17 in New York. Noting that “within the life insurance industry there is increasing skepticism as to whether illustrations of projected policy values will be met,” the panelists discuss the Illustration Problem. They consider whether the problem is real, and whether current disclosure standards are inadequate. Other topics include whether it is possible to design an understandable method which cannot be manipulated, what responsibilities actuaries have in developing adequate standards, and regulatory activities. Discussion from participants is included. From the Record of Society of Actuaries, Volume 17, No. 2.