Description: Presented at May 1996 Spring Meeting. Presents an overview of conference co-sponsored by the SOA on fair value of insurance liabilities, including a comparison of some of the methods presented. A status update of recent industry and professional activities and what the future may hold for the use of fair value of insurance liabilities in insurance company financial statements is also provided.

Description: Panelists discuss the Interim Actuarial Standards Board [IASB] recommendations, ratified by the Board of Directors of the American Academy of Actuaries and effective January 1987, concerning the determination or re-determination of non-guaranteed charges and/or benefits for life insurance and annuity contracts. From the 1987 Record of Society of Actuaries, Vol. 13, No. 4B.

Description: This session from the 1995 SOA New Orleans Meeting discusses FAS 107, FAS 115, market value of liabilities, the impact of changing interest rates, and statutory issues, including market-value-adjusted products. From the Record of the Society of Actuaries, Vol. 21, No. 1.

Description: 1993 SOA Meeting, Quebec. The new SVL has expanded the scope and responsibilities of the valuation actuary. Topics covered: • Risk of legal liability for actuaries? • Vagueness of actuarial standards related to adequacy testing? • Reliance on other company experts? • Consultants versus company actuary perspectives? • The science versus the art of the process?

Description: Presented at May 1985 Spring Meeting. Discusses: Statutory annual statement, Statement of actuarial opinion for interest-indexed universal life insurance, American Academy of Actuaries Financial Reporting Recommendation 7, Statement of opinion required by New York State for annuity products, Other required statements of actuarial opinion, The Valuation Actuary, Practical techniques and actual experiences.

Description: This session from the 1984 SOA Salt Lake City Meeting examines financial reporting for new generation life and annuity products, such as universal life, single premium deferred annuities SPDA's, and flexible premium annuities. Topics include statutory and GAAP reporting, NAIC proposed regulation for UL, management reporting and accounting treatment of rollovers and replacements.

Description: This session 30 PD of the New Orleans Annual Meeting discusses how several organizations, with representation from a number of countries, are currently drafting new standards to create uniformity across nations. From the Record of the Society of Actuaries, Volume 27, No. 3.

Description: Panelists illustrate the accounting outcomes of proposed revisions to accounting requirements for insurance and annuity products and discuss potential ramifications. Also discussed are potential implementation issues. From the 2002 Record of Society of Actuaries, Volume 28, No. 3. Session 126CS of the Boston Annual Meeting.

Description: 1994 SOA Spring Meeting, San Francisco. This session explored the process of marking liabilities to market. Topics included: 1. A summary of the FAS 115 requirements. 2. The ACADEMY TASK FORCE ON FAIR VALUE OF LIABILITIES. 3. APPRAISAL METHODS SUBGROUP - FOUR APPROACHES TO FAIR VALUING LIABILITIES. 4. THE PROBLEM OF MARKING LIABILITIES TO MARKET. 5. FOUR APPROACHES TO DISCOUNTING LIABILITY CASH FLOWS.