Description: This report covers credit risk loss experience during the period 2003 through 2015 on non-Rule 144A private placement securities (and, with limited exceptions, some specific types of Rule 144A bonds) held by participating companies of the life insurance industry.

Description: The COVID-19 pandemic infection has greatly affected the economy, resulting in volatile market conditions. Because market conditions greatly impact the value of insurance company’s assets and liabilities, the fourth survey in this series focused on best practices around asset and liability management (ALM). The survey was directed at actuaries, investment managers and risk managers directly involved in assessing the impact of recent events on ALM. Responses to the survey were collected between April 22-28, 2020. Thirty-two companies responded to the survey.

Description: ALM #2 Survey Questions

Description: Read the September 2020 issue of Risks & Rewards published by the Investment Section. Newsletters provide practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: Case Study for Fall 2009 Exam AFE.

Description: This literature guide provides the user with a summary of representative sources of current general knowledge with regards to the currency risk in foreign investments.

Description: Read the August 2019 issue of Risks & Rewards published by the Investment Section. Newsletters provide practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: This report studies the various benchmarks for analyzing the option-adjusted spreads of the major fixed income asset classes of life insurance companies. In addition, this report analyzes the historical benchmark performance against default rates for the asset class being benchmarked.

Description: This is a Confidentiality Agreement to be signed prior to contributing data to the Society of Actuaries' study that investigated the motivating factors contributing to the exercise of stock options.

Description: The 1986-98 Credit Risk Loss Experience Study represents a continuation of the 1986-94 study analyzing credit loss experience by institutional investors on private placement bonds. The study measures incidence rates, loss severities and economic loss rates associated with credit risk events for privately placed debt during the years 1986-98.