Description: Presentation at May 1996 Spring Meeting Discusses evaluating yield needs and whether the expected net return will outweigh the RBC/rating agency penalty of added surplus requirement, the effect of factoring in volatility, the utility of using assets with high RBC requirements, and the amount limits on various assets.

Description: Presented at May 1985 Spring Meeting. This session discussed: How investment policy should be developed, Role of the actuary and the investment officer, Role of the pricing actuary and the valuation actuary, Liquidity considerations, Tax considerations, Capital loss constraints, Process for changing strategy as the economy and company circumstances change.

Description: This session from the 1984 SOA Salt Lake City Meeting discusses how investment policies and strategies for pension funds are often developed independently of liability considerations. This session looks at the probable mismatch of asset and liability cash flows, the extent of problem, the actuarial concern with certification of assets and structuring the fund to recognize the relationship between assets and liabilities.

Description: Discusses investment strategies that can be used for various product-expense and policyholder-behavior patterns. These include buy/sell, hold, exchange, long-term, optimization, hedging of the business and investment risks, and immunizing strategies. From the 1988 Record of Society of Actuaries, Vol. 14, No. 4A.

Description: This session from the 1983 SOA Spring Meeting discusses disintermediation and intermediation risk - C-3 Risk, investment strategy and product design including market value adjusted products. From Record of Society of Actuaries Vol. 9, No. 2.

Description: This presentation is a concurrent session from the 1991 Meeting of the Society of Actuaries, held April 18-19 in New Orleans. The panelists discuss determining an optimal investment strategy in the current economic environment, taking into account prospects for the future, and how investment decisions are affected by product features. From the Record of Society of Actuaries, Volume 17, No. 1.

Description: This presentation is a concurrent session from the 1991 Meeting of the Society of Actuaries, held May 16-17 in New York. The panelists discuss determining an optimal investment strategy in the current economic environment, taking into account prospects for the future, and how investment decisions are affected by product features. Discussion from participants is included. From the Record of Society of Actuaries, Volume 17, No. 2.

Description: Panelists who have been a part of integrated actuarial and investment functions at their companies discuss initial concerns from each side, the need for initial and ongoing coordination, the effect of company philosophies on the resulting combination, and realized and potential results and pitfalls. This session was held only days after the October 1987 stock-market crash. From the 1987 Record of Society of Actuaries, Vol. 13, No. 4B.

Description: Panelists discuss: [1] a way to study interest-rate risk using stochastic methods, [2] a conceptual framework needed to evaluate the suitability of an investment strategy for insurance liabilities, and [3] how one company [Capital Holding] develops investment strategies and asset/liability management policies. From the 1988 Record of Society of Actuaries, Vol. 14, No. 2.

Description: This presentation is a panel discussion from the 1991 Annual Meeting of the Society of Actuaries, held October 20-23 in Toronto. Citing the current environment of recent insurance company insolvencies, bad investments, and capital erosion, the panelists discuss issues of interest to the investment actuary, including Financial accounting Standards Board [FASB] activity in market-value [MV] accounting, ways to evaluate asset quality and default risk in an MV environment, the impact of MV accounting on investment strategy, the new benchmark of ‘Return on MV Surplus,’ MV behavior of assets and liabilities, use of derivative instruments to hedge MV surplus volatility, and investment aspects of risk-based capital. Discussion from participants is included. From the Record of Society of Actuaries, Volume 17, No. 4B.