Description: This case study is intended to educate insurance professionals on historical insurer impairments and insolvencies and possible future prevention indicators.

Description: Reviews basic desirable features in an economic scenario generator. Discusses basics of model structure and validation process

Description: Highlights of Society of Actuaries research efforts in the financial services practice area.

Description: This article delves into the challenges and opportunities of the Asian insurance market, focusing on insurance investment management.

Description: Discussion of Human capital and its implicit asset and liability cash flows how insurance companies could help measure and provide products to help match up the timing of those cash flows. From Asset-Liability Integration, M-FI02-1.

Description: Management's goal is to continuously optimize the economic value of the firm, subject to regulatory constraints, with the use of financial valuation of the firm’s balance sheet. Both the assets and liabilities can be perceived as derivative securities. This chapter discusses a variety of financial economics issues with this common theme. From Asset-Liability Integration, M-FI02-1.

Description: Discussion of the insurance purchase decision for corporations, using an ALM perspective of utilizing insurance to maximize the net present value of cash inflows minus out flows. Also discusses how ALM concepts can be used to value a corporation, using discounted values of cash inflows minus outflows and the risks the corporation faces with respect to the amounts or timing of those cash flows. From Asset-Liability Integration, M-FI02-1.

Description: The author encourages the use of sound actuarial principles to develop reasonable retirement spending budgets instead of rule of thumb approaches commonly used.

Description: This paper addresses the stochastic modeling for managing asset liability process. We start with developing a jump-diffusion process for evaluating of the liabilities of the insurance company in general. We then formulate the ALM process into a stochastic control problem. With this approach, we present a Bel|man-Dreyfus Fundamental type formula for ALM process in terms of the solution of a system of algebraic equations and partial differential equations.

Description: There are two main techniques for evaluating the financial impact of interest rate movements on insurance companies: duration measures and computer simulations. In many ways these approaches provide complementary viewpoints.