Description: Economic capital is an embedded part of the banking risk management and regulatory framework. The insurance industry has relied on rating agency and regulatory formulas that have been criticized as overcapitalizing and not appropriately differentiating risk drivers in the capital formulation. The emergence of C-3 Phase I and C-3 Phase II have introduced an economic approach to capital in the insurance industry. This half-day seminar takes a detailed look at the subject of economic capital. From the Record of the Society of Actuaries 2005, Volume 31, No. 1: 2005 New Orleans Life Spring Meeting, May 22-24, 2005, Session 9 Seminar.

Description: This is a letter to readers of The Actuary from Arnold Dicke and Walter Lowrie to solicit opinions on the problem which seems to crop up each time an examination is to be set.

Description: The Retirement Plans Experience Committee (RPEC) hired Ernst & Young to perform a literature review and assessment of mortality improvement rates in the United States population.

Description: Risk adjusters were first used for the Y2K reimbursements to Medicare+Choice laws. How did plans fare? What was the financial impact to the Medicare program? What changes are expected for the future? From Record of Society of Actuaries, Volume 26, No. 1. From Record of Society of Actuaries, Volume 26, No. 1: Las Vegas Spring Meeting, May 22-24, 2000, Session 125PD.

Description: The yield rate is that effective rate of interest at which the present value of his expenditures is equal to the present value of his returns. This paper encourages students of Theory of Interest class to try to approach yield rate problems by starting with the definition of yield found in Steve Kellison's text.

Description: There appears to be many similarities between enterprise risk management techniques and the theory underlying the unified valuation system UVS. What are the challenges of each, and can the methods learn from each other? From the Record of the Society of Actuaries, Volume 27, No. 2: Toronto Spring Meeting.June 20–22, 2001, Session 58PD.

Description: The revised 2013 Study includes three pivot tables: Individually Billed Group Life, Self-Administered Group Life, and AD&D, which will enable companies to perform their own analysis to supplement the findings of this report.

Description: Risk governance is an important part of any risk management process, yet the insurance industry has not implemented the procedures and controls as extensively as banking. This session looks at the elements of risk governance and discusses their importance to the risk management process. Specific emphasis is placed on risk management organizational structures and how different organizational structures may facilitate effective risk management processes. Insurance and banking practices are contrasted. From the Record of the Society of Actuaries 2005, Volume 31, No. 1: 2005 New Orleans Life Spring Meeting, May 22-24, 2005, Session 83 OF.

Description: This workbook has been developed by the SOA's Group Life Experience Study Committee to assist companies wishing to perform their own analysis of the data in the 2013 study.

Description: This report is a follow-up to the 2018 Group Long-Term Disability Experience Study Report. This report analyses the same dataset, but focuses on the new variables that are included with that dataset, and also details the application of various Predictive Analytics techniques to the data.