Valuation Actuary

  • 1980s - SOA - Committee on Life Insurance Company Valuation Principles 
  • As Chris indicated earlier, pricing actuaries are in a unique position relative to valuation actuaries since valuation actuaries spend their time monitoring reality.
    • Pricing actuaries, along with actuaries who work in the asset/liability modeling (ALM) area, can influence reality.
    • Their actions are highly leveraged in that if they incorrectly price a product, it can have enormous consequences for their company.
    • [Bonk: Chris = Christian J. Desrochers]

--  Mark A. Tullis

1992 - SOA - Strategic Product Development, Society of Actuaries - 36p

  • VASP - Valuation Actuary Symposium
  • 1985 - SOA - Using Deterministic Scenarios To Test Valuation Reserves For Universal Life, Valuation Actuary Symposium Proceedings, (VASP855), Society of Actuaries - 86p
  • 1986 - SOA - Actuarial Malpractice: An Analysis of the Legal Implications of Valuation Actuary Concept (U.S. Session), Society of Actuaries - 14p
  • 1986 - SOA - Corporate Modeling and Forecasting (Practical Aspects of the Valuation Actuary Recommendations), Society of Actuaries - 42p
  • 1986 - SOA - Setting Appropriate Assumptions For The Valuation Process, Society of Actuaries - 48p
    • Dennis L. Carr: Over the past couple of years, Tillinghast has been involved in doing asset/liability cash flow analyses for interest-sensitive life and annuity products.
      • Over that time period, we have learned a great deal about the assumptions involved in such modeling.
      • The assumption-setting process is not new to actuaries; however, setting assumptions that vary with different interest scenarios is rather new, so we are still very much in the learning mode.
  • 1987 - SOA - Status Of The Valuation Actuary In The United States, (vasp876), Society of Actuaries - 50p
  • 1987 - SOA - Valuation Actuary Handbook

    • 1987 - SOA - Valuation Actuary Handbook - Chapter I - Insurance Company Statutory Valuation, Society of Actuaries - 34p

  • 1988 - SOA - C-3 Risk and Liability Hedging, (vasp889), Society of Actuaries - 70p
  • 1993 - SOA - Valuation Actuary Symposium Proceedings (VASP) - Session 3 - Life and Annuity Valuation Issues, Society of Actuaries - 18p
  • 1993 - SOA - The Valuation Actuary: An Overview of 1993 Developments, Society of Actuaries - 146p
  • 1994 - SOA - Introduction and Overview: Current Activities of NAIC's Life and Health Actuarial Task Force, Society of Actuaries - 110p
  • 1995 - SOA - Valuation Actuary Symposium Proceedings (VASP) - Session 2 - Life and Annuity Valuation Issues, Society of Actuaries - 18p
  • 1998 - SOA - Valuation Actuary Symposium Proceedings - Table of Contents - 8p
    • 1998 - SOA - Valuation Actuary Symposium Proceedings - Regulatory Topics - 28p
      • Larry M. Gorski, FSA, MAAA - Actuary - Illinois Department of Insurance
      • Mark J. Greene, FSA. MAAA, Supervising Actuary, New York State Insurance Department
      • Kerry A. Krantz, FSA, MAAA, Valuation Actuary, Florida Insurance Department
  • 2015 - SOA - VASP - Reviewing, Validating and Auditing Actuarial Models, Society of Actuaries - 41p
  • Academy - Implementation of the valuation actuary concept for life insurance companies continues to be a major item on the Academy's agenda.
  • There are a number of regulatory, insurance industry and professional actuarial committees and task forces working on various aspects of the valuation actuary concept.

1986-2, NAIC Proceedings

  • Major Recommendation of the report of the Joint Committee on the Role of the Valuation Actuary in the U.S. 

1984 - AAA - Journal, American Academy of Actuaries 

  • The valuation actuary concept is a form of dynamic valuation.
  • It's becoming increasingly clear that the traditional formula-driven valuation standards cannot deal with the many variations and products, and the pace and development of new products.
  • This has become more obvious to me over the last year as I've chaired a joint industry task force addressing reserves for nonlevel premium and benefit policies, sometimes referred to as Guideline XXX.

--  Reed P. Miller, Vice President and Corporate Actuary at Lincoln National Corporation

1990 - SOA - Emerging Issues, Society of Actuaries - 38p