Description: From a session at the 2000 Valuation Actuary Symposium held in Washington DC, September 14-15, 2000 In this session, panelists discussed how they have leveraged cash-flow testing to: • Influence investment decisions • Analyze risks • Expand Cash flow testing models to meet management requirements • Provide relevant information to regulators and rating agencies Panelists discussed the enhancements required to meet these needs and provide guidance on communication of results to a nontechnical audience.

Description: Introduction to the field of the Personal Actuary. The session presented what a personal actuary does that is different from traditional consulting what skills actuaries presently have that are relevant what skills need to be enhanced potential clients of a personal actuary and how an aspiring personal actuary can secure a client base and a potential financial model for a practicing personal actuary. A panel of practicing personal actuaries share case studies from their work.

Description: From a session at a meeting of the Society of Actuaries held in Las Vegas, NV May 22-24, 2000 Discussion of expert witness testimony, the process involved in preparing expert witness reports, and the pitfalls.Also discussion of the differences between the role of expert witness versus a consultant to a lawyer. The proposed Actuarial Standard of Practice on expert witness work is also incorporated. Learn from two skilled professionals about the reason for expert witness testimony, the process involved in preparing expert witness reports, and the joys and pitfalls encountered.

Description: From a session at a meeting of the Society of Actuaries held in San Diego, CA, June 22-23, 2000 This discussion reviews the need for and a process for remediation of errors made with respect to an inadvertent non-egregious failure to comply with the modified endowment contract rules under Internal Revenue Code Section 7702A.

Description: This document summarizes a meeting of the Reinsurance Section that occurred at the October 1982 Society of Actuaries annual Meeting in Washington D.C. The meeting consisted of a discussion related to the role and purpose of the section, a discussion of problems and pitfalls related to reinsurance treaties, and discussions related to choosing a reinsurer.

Description: Discussion of the attitudes of consumers and consumerists regarding the life insurance industry and its products and a discussion of opportunities for improvement Topics include: 1. Disclosure to existing policyholders 2. Policy loan problems, including the policy replacement problem 3. dividend determination practices and 4. deceptive sales practices in the llfe insurance business.

Description: From a session at a meeting of the Society of Actuaries held in Las Vegas, NV May 22-24, 2000 This session discussed the purpose of the proposed Ambassador Program under development by the Actuary of the Future Section to focus on the nontraditional actuarial practice areas that are expected to play an increasingly significant role within the actuarial profession in the 21st century.

Description: Discussion of managing the organizational changes into the 21st century Includes the following topic: 1. Consolidation 2.Business moving out of the U.S. and Canada 3. Managing the remainder of the business 4. Outsourcing 5. Lean staff 6. Joint ventures 7. Downsizing 8. Product focusing.

Description: Discussion of the current business environment, the profile of the actuary who can meet these needs, directions corporations will take in the 21st century, economic and demographic trends that will affect the environment and markets over the next decade. The panelists discussed the need to be pro-active in shaping the environment.

Description: Examination of the distribution of insurance products by and through financial institutions, products, distribution options, etc. The marketing opportunity was addressed from several viewpoints - insurance company, marketing organization and financial institution.