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

Description: Announces the first major grant awarded to the newly formed Society of Actuaries Foundation to fund the development, production, and distribution costs for a major book on financial economic theory as it applies to the work of actuaries.

Description: Presented at October 1996 Annual Meeting. Topics to be discussed include possible standards of practice relating to demutualizations and to changes to nonforeiture laws.

Description: Candidates working toward their Fellowship of the Society of Actuaries [FSA] designation are required to complete an individualized plan of professional development. Panelists discuss these plans and how they are completed. They also discuss how an FSA becomes an advisor. From the 2002 Record of Society of Actuaries, Volume 28, No. 2. Session 45PD of the San Francisco Spring Meeting.

Description: Panelists discuss the results of a survey of 59 responding companies about their student programs, how their own student programs are evolving with the changing actuarial-exam structure [with the Flexible Education System, FES, and the Future Education Methods, FEM], and how student programs might continue to change as the needs for actuaries evolve. Many questions and comments from the audience. From the 1988 Record of Society of Actuaries, Vol. 14, No. 2.

Description: A list of workshops and sessions with no written record. From the 1988 Record of Society of Actuaries, Vol. 14, No. 4B.

Description: This report highlights findings from the 2011 Retirement Risks Survey related to longevity, with additional sources for commentary.

Description: Discusses four areas of interest: Alternative Examination References, Validation by Educational Experience, Academic Program Accreditation, and an Alternate Route.

Description: In a well-designed enterprise risk management (ERM) program, the firm integrates risk management into the strategic planning process, addressing strategic risk, financial risk, operational risk and hazard risk under a single overarching process. This is particularly important to large financial firms, such as property and casualty (P&C) insurers, which face a diverse set of risks. In contrast to previous studies that document a significant product line and geographic diversification discount relative to more focused competitors, our analysis suggests that firms with effective ERM programs exhibit a performance premium. Using the Standard and Poor’s (S&P) ERM ratings from 2006 to 2012, we find that product line diversification has a significant positive effect on value for more diversified firms with well-implemented ERM programs, as compared to those with weak ERM.

Description: Learn about key actuarial and analytic tools and methodologies used by commercial health insurance to identify and quantify drivers of healthcare cost and utilization (including wasteful and low-value ones) and risks. Use case scenarios in which these tools and methodologies apply, such as underwriting, reinsurance, medical management for population health and chronic diseases, managed care contracting, insurance market reform, provider payment reform, etc., will also be covered. Experience from the U.S., China and other parts of the world will be shared.