Description: In this article, the author discusses the need to create a systemic risk regulator.

Description: This section presents and summarizes insurance-related legal cases of 1953 including: 1. GROUP ANNUITY CONTRACTPERPETUAL OBLIGATION: Freeport Sulphur Company v. Aetna Life Insurance Company, 2. SERVICE OF PROCESSUNAUTHORIZED INSURER: Parmalee v. Iowa State Traveling Men's Association, 3. ORAL PLEDGE OR ASSIGNMENTCREDITOR'S RIGHT: Commercial National Bank v. Chapman, 4. DOUBLE INDEMNITYMILITARY EXCLUSION: Weissman v. Metropolitan Life Insurance Company, 5. LIQUIDATION OF MUTUAL COMPANYJURISDICTION OF INSURANCE COMMISSlONER: Allyn v. Hull, 6. AVIATION EXCLUSIONPARACHUTE JUMP: Smith v. Mutual Benefit Health and Accident Association, 7. SETTLEMENT OPTIONTESTAMENTARY DISPOSITION: Hall v. Mutual Life Insurance Company, 8. PURCHASE OF HOME OFFICE PROPERTYINSURANCE SUPERINTENDENT'S APPROVAL: Guardian Life Insurance Company vs. Bohlinger, 9. LOAN VALUE: DISABILITY AND DOUBLE INDEMNITY RESERVES: Chastang v. Mutual Life Insurance Company, 10. CONVERSION OF GROUP INSURANCESUICIDE: Lineberry v. Security Life and Trust Company, 11. DOUBLE INDEMNITYMILITARY EXCLUSION: Western Reserve Life Insurance Company vs. Meadows

Description: In many countries, insurers and banks are separately regulated. In some countries, banks and insurers are not allowed to be part of the same conglomerate and share capital. This raises questions about the efficient use of capital and return on equity to shareholders. This is the abstract of an empirical study that views economic capital from a solvency perspective with the focus on downside risk. The key question addressed is 'What efficiencies, if any, are gained by allowing banks and insurers of different types to merge and thus share capital.' We examine to what degree bank and insurer performances have been correlated historically, especially in the downside tail. This case study is based on Canadian banks, life insurers and property-casualty insurers.

Description: The theme of this paper relates to solving portfolio selection problems using linear programming. The authors extend the linear optimization framework for Conditional Value-at-Risk-based portfolio selection problems to optimization over a more general class of risk measure known as the class of Coherent Distortion Risk Measure. From Actuarial Research Clearing House, 2012 Vol. 1.

Description: This article discusses the Own Risk and Solvency Assessment ORSA Guideline that is being developed by the NAIC Group Solvency Issues working group as part of the Solvency Modernization Initatitve SMI. It looks at the purpose of the ORSA, the three sections of the NAIC ORSA and issues with current U.S. ORSA draft.

Description: Panelists discuss the implications of marketing ethics on smaller companies as they relate to large company sales practice litigation. From the Record of the Society of Actuaries, Vol. 23, No. 3.

Description: From session 63 PD at the Spring regional meeting of the Society of Actuaries held in Atlanta, Georgia, May 24-25, 1999, panelists discuss current issues including adoption status and proposals for various regulations critical to product development efforts. Impact of XXX on product design and reserves is also discussed. From the Record of the Society of Actuaries, Vol. 25, No. 1.

Description: From session 63 PD at the Spring regional meeting of the Society of Actuaries held in Atlanta, Georgia, May 24-25, 1999 Impact of Regulatory Uncertainty on Product Innovation. Impact of XXX on product design and reserves also discussed. These are Charts 1 & 2 from that session. See separate document for discussion from this presentation.

Description: This presentation, session number 97PD, took place at the 1999 Spring Meeting of the Society of Actuaries, held June 16-18 in Seattle. The presenters look at the adequacy of state insurance regulation by examining the purpose and intent of the McCarran-Ferguson Act. They discuss the strengths and weaknesses of state regulation, and “whether the public interest is best served by 1 the states or the federal government being the primary regulators of insurance or 2 some system of bifurcated regulatory authority shared between the states and the federal government.” Discussion from participants is included. From the Record of the Society of Actuaries, Vol. 25, No. 2.

Description: This presentation, session number 103PD, took place at the 1999 Annual Meeting of the Society of Actuaries, held October 17-20 in San Francisco. The panelists review the history of credit insurance, discussing credit insurance regulation, changing consumers’ attitudes toward credit insurance, changes in the products and marketplace, and how the Consumer Credit Insurance Association has evolved since its founding in 1951. The panelists then discuss where the credit insurance industry is heading with respect to new product development and marketing methods, consumer attitudes, and further changes in regulation. From the Record of the Society of Actuaries, Vol. 25, No. 3.