Description: Investment Fallacies: The "Dollar Bill" Fallacy

Description: ongoing discussion of the proper interest rate to use in discounting liability cash flows to reflect credit risk of the insurer in a fair value accounting system

Description: Discussion of solvency problems and the actuary's role in addressing them in the life insurance industry.

Description: Update on accounting and capital/RBC issues subsequent to tax reform.

Description: Investment Fallacies: The Fallacy of the Fed Model

Description: Invest Fallacies: Active management overall performs different than passive management

Description: Panel discussion focused on the Effective Use of Capital. Topics included: 1. Definition of capital 2. Appropriate level of capital and surplus in a life insurance company 3. Alternatives for deploying capital 4. Returns a life company should demand on invested capital 5. How much a company should charge for lending its capital in reinsurance transactions

Description: This material, Appendix II of the 1987 Valuation Actuary Handbook, is an appendix to Chapter II of the Handbook, ‘Methods of Analyzing cash Flows to Test for Reserve Adequacy.’ In this appendix, the authors provide more detail on what they call cash-flow based surplus, and how this concept can be used. It is defined as the amount of cash that could be removed and leave assets sufficient to mature all benefits on a true economic basis, i.e. ignoring statutory accounting requirements, under an assumed interest rate and experience scenario.

Description: Investment Fallacies: The Misconceptions of Retirement Risks

Description: A discussion of the possible effort required and impacts resulting from the implementation of C3 Phase II for establishing risk-based capital for variable annuities. This article will describe practical considerations gleaned from actual valuation calculations recently performed by a consulting firm.