Description: Explains the more granular breakout of bond RBC factors proposed to the NAIC. Evaluates alternative asset allocation choices for insurers under the new rules.

Description: In session 60D of the Montreal Spring Meeting panelists discuss the pros and cons of asset segmentation, as well recent trends. From the Record of the Society of Actuaries, Vol. 23, No. 2.

Description: This session at the SOA 1990 San Francisco Spring Meeting is about asset segmentation, i.e. segmenting assets among lines of business or liabilities, practical issues involved in the process, and how this enhances asset/liability mangement.

Description: This abstract describes a paper that proposes a quantitative framework which jointly considers the endowment spending policy and the asset allocation decision a-la Markowitz.

Description: New Zealand is about to launch its first variable annuity with guaranteed lifetime withdrawal benefits. The product design is mindful of the lessons from the financial crisis in the United States, Europe and Japan.

Description: Abstract: A model for analyzing the probability and severity of default of sovereign entities and banks. The methodology analyzes the risks inherent in the investment of debt of sovereign governments and large financial institutions side-by-side, taking into consideration macroeconomic interactions among the sovereign fiscal and monetary authorities, the financial institutions, and the real economy. The signature aspect of the methodology is that it adapts a Merton-style default model to use explicit measures of sovereign assets and asset volatility.

Description: Complete issue of the August 2014 Risk Management newsletter.

Description: It is the purpose of this paper to examine the questions of equity, and practicality of refinements in, the methods of allocation of net investment income and gain by line, class or subclass. Discussions of this paper are included.

Description: Infrastructure investments are growing as an asset class in institutional portfolios because they present significant diversification benefits to investors, and importantly for pension plans, typically represent long-term projects. Infrastructure presents a unique opportunity for investors interested in long-duration products that help match liabilities. This session outlines the structure of infrastructure deals, how investments can be made through either equity or debt financing, the importance of ESG, and how to incorporate infrastructure in an institutional portfolio.

Description: ERM and Investment strategies for healthcare companies