Description: This session is about financial rating systems: The processes, performance, improvement, and the role and impact of risk-based capital requirements.

Description: Discussion of solvency problems and the actuary's role in addressing them in the life insurance industry.

Description: The paper discussed the reasons for a stock company's mutualization detail the mutualization process itself consider actuarial, legal, and other problems that arise and review a recent case history.

Description: The following commentary, after highlighting the strong linkage that currently exists between valuation reserves and nonforfeiture value requirements, discusses the origins of this relationship. It is concluded that this linkage is undesirable and should be severed. Editor’s Note: This report was prepared for use by the Committee on Non-forfeiture Values. Mr. Gardner is Vice Chairman of the Committee.

Description: Discusses features and actuarial aspects of the Truth in Lending Act.

Description: Observations from the author's experiences auditing blocks of LTCI business.

Description: Describes the risk-based capital measure adopted in Switzerland.

Description: Discussion papers on a paper dealing with minimum statutory nonforfeiture values for retirement annuity contracts.

Description: A discussion of the possible effort required and impacts resulting from the implementation of C3 Phase II for establishing risk-based capital for variable annuities. This article will describe practical considerations gleaned from actual valuation calculations recently performed by a consulting firm.

Description: Insurers in the European Union 'EU' were busy preparing themselves for the new Solvency II regulations when the European Court of Justice surprised the industry with its judgment on March 1, 2011, to end gender discrimination in insurance aimed at supporting the fight against unfair discrimination. This article provides background, industry reaction, and the possible effects on the life insurance industry.