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: Over the last two decades, three versions of the Valuation Basic Tables were developed. In this article, two key participants share their experience.

Description: The article discusses the developments thus far with the adoption of the NAIC Valuation Manual and what steps still lie ahead. It also discusses the NAIC Life Actuarial Task Force’s response to the NAIC’s VM-20 Impact Study. In general, outcomes of the Phase III testing support the suggestion that the modifications made to VM-20 as a result of the NAIC Impact Study made progress in addressing the excessive conservatism demonstrated in the Phase I and Phase II testing.

Description: The aim of this work is the definition of a holistic approach to assess the maturity level of ERM within an organization, following the principles defined by The Committee of Sponsoring Organizations of the Treadway Commission 2004b in the “Enterprise Risk Management—Integrated Framework.”

Description: This paper discusses both the theoretical and the application aspects of stress testing in managing enterprise risks. Effective stress testing maximizes the risk adjusted enterprise profit by controlling major risks financial, strategic, operational and hazard upon identifying risk metrics and modeling the correlations. A case study is included for demonstration purposes.

Description: A new reason for the inherent instability of the insurance business can be found in the literature of anthropology. The theory of plural rationalities, also known as Cultural Theory of Risk or simply Cultural Theory, posits that the world is populated by people with four fundamentally different attitudes toward risk. Presented at 2010 Enterprise Risk Management Symposium, Society of Actuaries, April 12-15, 2010.

Description: This paper explores the range of contribution policies allowable under various sets of rules, and then proposes that plan sponsors be allowed to contribute the normal cost as a deductible contribution each year. From The Future of Pension Plan Funding and Disclosure Monograph, M-RS05-1.

Description: Review pension plan statistics for the Motion Picture Industry Pension Plan.

Description: Statistics about funded status of National Basketball Association Players multiemployer pension plan.