Description: Modeling experience sharing by David Yu who leads the retirement product and asset model development team within Prudential Financial

Description: The purpose of this discussion is to introduce a few additional points and discuss how different assumptions will alter the results in some cases.

Description: Argues that the financial and statistical data on loan restructuring practices collected within the last two years, since the 2008 collapse of the housing market, could be evaluated by actuaries and become a base for improving the existing models and developing new ones.

Description: Abstract of Research Project on Interest Rate Risk

Description: The behavior of extreme paths in the usual stochastic interest rate models is not nearly so plausible as the behavior of their expected values and variances. This paper proposes a new class of models that deliver more plausible extreme paths while preserving the usual expected value and variance behavior. Along the way we derive the closed form solution for the traditional mean-reverting lognormal process, including the drift compensation.

Description: Discussion of Capital Market Modeling techniques

Description: Results of an industry survey on life insurance companies' efforts to implement the recently adopted Life Risk-Based Capital Phase II Instructions, which include new requirements for variable annuity contracts. Adopted by the NAIC on October 14, 2005, the new requirements are effective for year-end 2005. Also discusses a summary of the requirements set forth in the instructions.