Description: The ideal business situations for securitization would be those where a company faces significant risks or has significant growth opportunities and where conventional sources of risk hedging or financing are not available or are too expensive. Ultimately, securitization should be able to provide hedging and/or financing that is more effective and less expensive than the alternatives.

Description: A critical step in valuing a company for the purpose of financial reporting is the computation of the market value of economic surplus (MVES). This article provides a novel approach to the valuation of MVES that is stable and reasonably immune to “market noise.” Current approaches to the calculation of economic surplus of an insurance company generally define such surplus as the market value of the assets (MVA) supporting the liabilities less the market value of liabilities (MVL). While MVA is observable in the market, MVL is typically computed directly, without regard to the underlying supporting assets. Subtracting MVL from any value of assets that changes with market movements results in an unstable surplus. Consequently, a surplus that is not fully reflective of market sentiment has been rejected by many. This same approach is further used in the calculation of market consistent embedded value (MCEV) when a balance sheet approach is used .

Description: Read the September 2020 issue of Risks & Rewards published by the Investment Section. Newsletters provide practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: The Society of Actuaries’ Committee on Finance Research is pleased to make available a research report covering the extent to which investment sectors have been contagiously affected by major disasters.

Description: The Society of Actuaries’ Investment Section and Committee on Finance Research and Investment Section is pleased to make available a research report using a comprehensive attribution analysis to identify meaningful relationships between market volatility and potential causes. Also included for educational purposes are the open-source codes used to perform the analysis.

Description: This report is about the implications for actuaries from the ISSB and global climate-related financial disclosure standards, addressing standards, regulations, and actuarial involvement. It discusses the new ISSB standards, their requirements, and the role of actuaries in climate risk management.

Description: "In this session, we will explore the latest trends in asset allocation, focusing on how these trends are shaping the investment landscape in 2025. With insights from industry experts and real-world examples, attendees will gain a comprehensive understanding of the factors driving asset allocation decisions and the implications for portfolio management. We will delve into the impact of economic policies, market volatility and emerging asset classes on asset allocation strategies. This session is designed for actuaries, investment professionals and anyone interested in staying ahead of the curve in the ever-evolving world of asset allocation. Learning outcomes: Understand the key trends in asset allocation for 2025, including the influence of economic policies and market dynamics. Identify emerging asset classes and their potential impact on portfolio diversification and risk management. Gain insights into the strategies used by leading investment professionals to navigate market volatility and optimize asset allocation. Learn how to apply these trends and strategies to enhance your own investment decision-making process."

Description: Join us for a fast-paced webcast unpacking results from the 2026 Emerging Risks Survey. Get key insights from 350+ insurance and financial services leaders, including C-suite respondents, on what they see ahead for 2026 and beyond – spanning economic volatility, geopolitics, adverse AI outcomes, and cyber risk. We’ll spotlight key sector differences and the long-term combinations of risks shaping strategic planning.

Description: Explore various aspects of the Asian reinsurance market in this webcast. Learn about the landscape within the market as speakers cover key topics like product perspectives, structured solutions and emerging trends and issues. Take an in-depth look at the post COVID-19 impact, as well as regulatory considerations that could affect the Asian reinsurance industry. Secure your spot in this opportunity and dive into the direction of this marketspace.