Quantifying the C-1 Risk [Defaults in Fixed Dollar Investments and Market Value Changes in Equity Investments]all, that is not my primary area of responsibility. That is somebody else's primary area of responsibility ... and to look at things which are outside of his primary realm of responsibility. I am the first to admit ...
Description: Discusses bond-default history in the United States, implications for insurance-company asset determination, regulatory concerns about recent investing by insurance companies in low-grade bonds, valuation-actuary needs to consider in these cases, and another suggested method for modeling the C-1 Risk in the context of the valuation actuary's cash flow review. From the 1987 Record of Society of Actuaries, Vol. 13, No. 3.Hide
- Authors: Application Administrator, Joseph J Buff, Robert J Callahan, Irwin T Vanderhoof, John C Winter
- Date: May 1987
- Competency: Professional Values>Practice expertise
- Publication Name: Record of the Society of Actuaries
- Topics: Finance & Investments>Risk measurement - Finance & Investments