Description: Recently there have been several studies on the dividend payments prior to ruin in various risk models. By employing some new obtained results in the actuarial literature, this presentation analyzes the distribution of the total dividend payments in a risk model with multi-threshold dividend strategy, where the claim arrivals are modeled by a Markovian arrival process [MAP]. A piecewise integro-differential equation in matrix form is derived and solved analytically for the moments of present value of the total dividends prior to ruin. The presentation also discusses the differences between its method and other existing ones. An example with exponentially distributed claim amounts is illustrated numerically.

Description: This session will demonstrate the advantages of approaches to duration matching and cash flow matching. Plan examples and sponsor’s objectives will be presented. An overview of when to choose one approach versus a blend of the two approaches will also be covered.

Description: Presented at October 1985 Annual Meeting. This session is about actuarial implications of individual choice, antiselection problems for medical coverages, plan design considerations, flexible benefits program experience, impact of alternative delivery systems on insured plan.

Description: Presented at October 1996 Annual Meeting. This session provides varying perspectives on corporate approaches to the macro management of risk. In this paper, areas such as risk identification, asset/liability management structure, and secular trend analysis will be discussed.

Description: This presentation from Session 109 of the SOA May 2004 Anaheim Spring Meeting discusses how to improve the manner in which the funding of a defined benefit pension plan reacts under adverse economic conditions using asset-liability projections. Investigating the utility of hedge funds and other investment products in the risk management of pension plans is also discussed. From the Record of the Society of Actuaries, Volume 30, No. 1.

Description: Presented at September 1994 Valuation Actuary Symposium. Discusses analyzing and projecting financial risk in group health plans.

Description: From 2000 Valuation Actuary Symposium Panel discussion which provides an overview of the current uses of reinsurance, focusing on recent developments and issues. Panelists discussed application of reinsurance to specific products and lines of business and its use as a financial management tool in: • Term insurance • Mortality stabilization • Earnings volatility stabilization • Variable life and annuities and other investment-oriented products Generally Accepted Accounting Principles GAAP treatment of reinsurance e.g., FAS 113 and due diligence issues in selecting reinsurers and maintaining reinsurance arrangements is also discussed. Finally, panelists discussed advantages of onshore and offshore reinsurance transactions.

Description: From an interactive forum session at the 2001 Valuation Actuary Symposium, held in Lake Buena Vista, Florida, November 29-30, 2001 Discussion of the major financial reporting issues and concerns of senior actuaries in life insurance companies. Discussion focused cash flow testing methods and interpretation of results.

Description: This presentation from Session 56 of the SOA June 2005 New Orleans Health/Pension Spring Meeting discusses the risks faced by sponsors of defined benefit pension plans and how actuaries can help these plan sponsors adopt plan design strategies to manage these risks. From the Record of the Society of Actuaries, Vol. 31, No. 2.

Description: Presented at May 2005 Spring Meeting. Panelists discuss approaches currently used to measure credit risk exposure within the banking and insurance industries and contrast those approaches with traditional actuarial projection techniques.