Risks – [BonkNote]

Credit Risk 1994 – SOA – Credit Risk Study, Society of Actuaries – 20p

Pricing Risk Take the pricing risk. Mutuals, for most of the past 130 years, have favored gross premiums high enough to minimize the risk that any block of business would not be self-supporting. Joseph B. MacLean, addressed this matter in a 1945 edition of his book, Life Insurance. He wrote that participating premiums should be…

Tail Risk 2015 – SOA – Report on Extreme Events for Insurers: Correlation, Models and Mitigations, Society of Actuaries – 86p

Banks – Risks Response to questions from the Honorable Sherrod Brown, by Martin .J. Gruenberg, Acting Chairman Federal Deposit Insurance Corporation During the June 6111 hearing, Mr. Gruenberg agreed that “historically, including to the present day, the biggest risk of banking is the lending activity that is inherent to the banking process.” (p148) 2014 -…

IAIS – Systemic Risk Background IAIS systemic risk work 2011 Publication of “Insurance and Financial Stability” 2012 Publication of “Reinsurance and Financial Stability” 2013 • Identification of first cohort of G-SIIs • Publication of G-SII Policy Measures document • Publication of Report on Macroprudential Policy and Surveillance in Insurance • Guidance for Systemic Risk Management…

Core Business By contrast, the core business of an insurance company is transferring and pooling risk.258 If premiums are prepaid, this does not necessarily entail any short-term borrowing. That means that the risk that an insurance company will have to sell large quantities of assets is smaller. This is not to say that insurance companies…

Premiums, Costs, Benefits and Values – Reputational Risk We believe current illustrated rates are much higher than what is reasonably expected over the course of the policy and may lead to consumer disappointment, which could negatively impact the entire industry. — Metropolitan Life Insurance Company, New York Life Insurance Company and Northwestern Mutual Life Insurance…

Search For Yield 2013 – FRB – Are the Fed’s low interest rate policies pushing investors toward risk? – 4p 81. AIG also chased higher yields by investing heavily in bonds of lengthy maturity As a consequence, AIG grossly mismatched the maturity dates of the collateral investments and the underlying securities loans, which rarely had…

Orderly Liquidation The complexities involved in resolving MetLife could aggravate the threat posed to U.S. financial stability by the company’s material financial distress. Case 1:15-cv-00045-RMC Document 85-2 Filed 09/30/15 Page 15 of 222 govinfo.gov/content/pkg/FR-2011-07-15/pdf/2011-17397.pdf govinfo.gov/content/pkg/FR-2016-10-31/pdf/2016-25329.pdf

ERM – Enterprise Risk Management 2010 – SOA – Did Enterprise Risk Management Really Work? – The Case of Lincoln Financial Corporation, Scott Engle, Presented at 2010 Enterprise Risk Management Symposium, Society of Actuaries – 18p 2013 – SOA – ERM-ILA Model Solutions, Fall 2013, Society of Acuaries – 38p Learning Objectives: 2. The candidate will…