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: This is an interview with Prakash Shimpi who talks about enterprise risk management, research and development. From News Direct, September 2005, Issue No. 51.

Description: This case study is intended to educate insurance professionals on historical insurer impairments and insolvencies and possible future prevention indicators.

Description: This paper presents the probabilistic concepts underlying measurement of asset adequacy in a simplified way. Discussions of this paper are included.

Description: This session discussion is about various asset related items that are needed to perform necessary projections. From Record of the Society of Actuaries Vol. 15, No. 2.

Description: Regime switching models have become a popular tool in econometric time series modeling since their introduction in Hamilton [1989].These models have been widely applied for equity-returns for investment guarantees. A prominent risk management challenge is hedging these guarantees, given the equity regime switching process. This presentation develops some methodologies for regime-switching portfolio replication and use real world data to demonstrate and evaluate their effects. A Bayesian approach for regime switching model fitting is used, which allows for the examination of the robustness of each of the optimization methods when parameter uncertainty is present.

Description: This study aimed to study primarily the impact of market performance on a pension plan’s ability to meet its obligations.

Description: This panel discussion, which occurred at the October 1982 Society of Actuaries Annual Meeting in Washington D.C., presented information on the management of assets in relationship to liabilities. The information was based on a report from the C-3 Risk Task Force. Topics included: 1. Design of investment strategies to develop cash flow patterns appropriate with the liabilities. 2. Structuring the company to assure that investment returns are channeled to appropriate lines of business. 3. Valuing liabilities to appropriately recognize the relationship between assets and liabilities. 4. Should the actuary be concerned with certification of assets as well as liabilities? 5. Equity among lines contributing to investable cash flow.

Description: This case study is intended to educate insurance professionals on historical insurer impairments and insolvencies and possible future prevention indicators.

Description: This paper provides a novel approach to the valuation of the market value of economic surplus that is stable and immune from “market noise”.