Description: This presentation develops an integrated approach that addresses simultaneously guaranteed annuity option (GAO)’s pricing and capital requirement calculation.

Description: This abstract describes a study that presents a hypothetical example of a UK term annuity firm and studies its solvency over the period 1985-2010 under various economic capital calculation approaches.

Description: The academy generator is now a staple for actuarial practice. Initially confined to regulatory reserving, increasingly companies are using the AAA/SoA generator for a wider and wider range of applications which in some cases may be at the limits of what it was designed for. How is the AAA/SoA generator being applied in reserving, risk management and variable annuity lines of business? What are some of the challenges actuaries face in using this framework and what are the options for addressing them.

Description: This is a discussion of the paper, 'A Convenient Method of Providing for Mortality Improvement Based on the a-1949 Table' by James E. Hoskins. Discusses seriousness of errors that can develop under certain circumstances, provides a formula for adjusting by modes of payment, discusses circumstances in which differences between Hoskins' method and Projection B is greater than in the example used in the paper, etc.

Description: This paper builds a model that quantifies the natural hedging benefits of a portfolio of both variable annuities and equity indexed annuities. The model is based on risk-neutral option pricing theory and risk-adjusted performance measure, RAPM. Through a double-tier simulation framework, an optimum product mixture of those two contracts is achieved that provides the best RAPM and therefore deploys capital the most efficiently. From 2006 Enterprise Risk Management Symposium, M-AS06-1.

Description: 1992 SOA Annual Meeting, Washington, D.C. This session discussion was about the performance measurement in a risk/return context, incentive compensation as a tool for achieving effective performance, and return attribution using liability-based performance indices.

Description: Economics professor discusses the economics of fair and unfair discrimination in insurance. From the 1988 Record of Society of Actuaries, Vol. 14, No. 4B.

Description: discussion of mathematical calculations for various forms of annuities certain

Description: What we should look out for heading into one, how long and how deep would one last?

Description: This paper shows the mortality element can be partially isolated allowing an exact annuity value to be readily obtained at any interest rate. From the Actuarial Research Clearing House 1979, Vol.2.