Description: This panel discussion is from the 1991 Meeting of the Society of Actuaries, held May 16-17 in New York. The panelists present an overview of the regulatory framework for investments, discuss emerging issues for new investment vehicles, provide a valuation actuary update, discuss the regulatory attitude toward asset securitization, junk bonds and hedging, discuss regulatory developments related to the valuation of private placement, mortgages, real estate, and other securities, and discuss developments related to the Mandatory Securities Valuation Reserve, ‘MSVR,’ and capital requirements. Discussion from participants is included. From the Record of Society of Actuaries, Volume 17, No. 2.

Description: This presentation is a section meeting from the 1991 Annual Meeting of the Society of Actuaries, held October 20-23 in Toronto. The guest speaker discusses prospective returns on financial assets, noting that the past, particularly the 1980s, is in many respects irrelevant in making projections of future returns, noting the decade of the 1980s was a nonrecurring and unsustainable period. He provides his thoughts in terms of projected real economic growth, projected inflation, projected real interest rates, and using that data makes projections of returns from a variety of financial assets. Discussion from participants is included. From the Record of Society of Actuaries, Volume 17, No. 4B.

Description: ETFs have seen explosive growth in the past decade. Due to its flexibility and embedded risk management features, insurance companies and pension funds, are showing increasing interest in this asset class. This session covers an introduction to ETFs and the risk/rewards for insurance companies and pension funds as an additional asset class.

Description: What is the impact of aging populations on economic growth and interest rates?” “Are low interest rates and inflation a short-term phenomenon?” “How will returns from different asset classes be impacted by future demographic trends?” “What are the differences between different countries and regions around the world?”

Description: Interest rates steadily declining ever since the Volcker Fed tackled inflation in the early eighties. Ten years of stimulating monetary policy brought new lows. We should have braced ourselves for a return to neutrality, but that concept remains elusive. We will explore structural issues that have brought rates to these low levels and the potential impacts on the insurance business.

Description: In this session, senior pension and insurance investment professionals will share their thoughts on current investment topics. Attendees will hear about leading edge investment ideas and practices from industry leaders.

Description: The Investment Symposium is a day-and-a-half long seminar that will focus on the issues and questions faced by investors and risk managers, especially related to insurance companies and retirement plans. Presenters will discuss the big picture issues and explore practical solutions to today’s challenges. Experts will share new approaches to portfolio management and cutting edge research in asset-liability management. Technology, regulation and the economic environment will

Description: 1990 Valuation Actuary Symposium luncheon speech that discusses the demine of the junk bond market and other asset value problems.

Description: Presented at June 1996 Spring Meeting. An investment manager discusses investment strategy for a disability insurer and a rating agency representative and a stock analyst describe how disability insurers are evaluated for risk profile and other issues.

Description: Investment risk management has become a core competency of insurance companies, and much has been discussed on this topic. This session examines the current investment risk management practices such as product line specific hedging and macro hedging, with a focus on what still remains to be addressed—whether the tradeoff of addition risk management is worthwhile.