Description: 1987 Valuation Actuary Symposium. This session addressed the task of designing a new NAIC model valuation law embracing the valuation actuary concept, the development of a new Academy SOP specifying how cash flow testing should be done, and SOA committee research to help the valuation actuary to do a better job.

Description: 1988 Valuation Actuary Symposium. This session discussed the work of the Modeling Subcommittee of the Canadian Institute of Actuaries Solvency Standards Committee. Resource materials were the Statement of Direction of the CIA Solvency Standards Committee and an illustrative report on solvency testing for a hypothetical insurance company.

Description: Presented at 1995 Valuation Actuary Symposium. Discusses the evolving nature of the work of the valuation actuary, including asset liability management, cash flow testing and the responsibilities of the valuation actuary in management decisions.

Description: This paper shows the application of a threshold strategy on the surplus level of an insurance risk model results in a process that can be analyzed as a doubly infinite Markov chain with finite blocks. The resulting procedures are then used to calculate the probability distributions for time of ruin, the surplus immediately prior to ruin, and the deficit at ruin. From the Actuarial Research Clearing House, 2008, Vol.1.

Description: Feature article about the transitioning of life insurance products to RBC C3 Phase III.

Description: 1988 Valuation Actuary Symposium. The first speaker discussed the complete solvency testing process and the route by which the valuation actuary arrives at conclusions and prepares a solvency report. The second speaker discussed certain general objectives and requirements of the valuation actuary's report and then indicated how a hypothetical company's sample report was drafted with these points in mind.

Description: This paper introduces a conjecture as to a method for estimating how much has to be added to the probability of ruin by n claims to obtain the probability of ultimate ruin. From the Actuarial Research Clearing House 1994 Vol. 2 .

Description: This paper proposes a hypothesis that the negative public policy implications of durational rating strategies in the medical insurance market are caused by lack of prefunding of durational deterioration of experience and constitute a failure to maintain an important part of the original insuring promise. To solve the problem, a practical and simple reserving basis is proposed as a regulatory standard. Discussions of this paper are included.

Description: Summary of the SOA's research report Modern Deterministic Scenarios for Interest Rates, which developed interest rate scenarios for use in cash flow testing.

Description: Principle-based reserving requires modeling assets and liabilities across a range of scenarios to assess the sufficiency of assets when determining reserves, a major shift from the current formulaic framework. These changes will require valuation actuaries to evolve their skill set by heightening their focus on creative analysis, gaining deeper understanding of complex projections and clearly communicating drivers of reserve movements to stakeholders in order to influence strategic decision-making. The panelists will discuss the way that they see the role of the valuation actuary changing in response to the change in focus in reserving requirements. They will also discuss successful characteristics along with best practices for understanding and explaining results in the new paradigm. The audience will be given the opportunity to interact through polling and facilitated discussion of their stories, experiences and observations.