Risks

  • Our research generally indicates that the public can be best described as conservative and risk aversive when it comes to financial matters...
  • but perhaps the most remarkable finding has been the stability of the public's financial needs and concerns over the years. 

--  DR. WALTER ZULTOWSKI

1980 - PRODUCT INNOVATION--RESPONSE TO CONSUMER NEEDS IN THE 1980'S, Society of Actuaries - 24p

integrated risk management

 

In addition to transferring investment risk to policyholders, Universal Life insurance also requires the policyholder to assume the risk, of shifts in mortality rates.

 

1986 - Academic Paper - A Comparison of Universal/Variable Life Insurance with Similar Unbundled Investment Strategies - 62p

  • The Subgroup also found that the remaining Federal Reserve risk categories for banking organizations – liquidity, operational, legal and reputational – encompass similar underlying concepts of risks associated with insurance operations, but that such risks are viewed somewhat differently in the context of the organization and management of the business operations of banks and insurance companies.
  • From the array of risks identified, however, the Subgroup determined that some insurance risks were exclusive to particular insurance products and were therefore not comparable to banking risks.
  • (p537) - 1. Mapping of Life Insurance Company Risks

2003-3, NAIC Proceedings - FINANCIAL CONDITION (E) COMMITTEE - p536

C-2 Risks

1987 - QUANTIFYING THE C-2 RISK (PREMIUM INSUFFICIENCIES, INCLUDING
INCREASING CLAIMS AND EXPENSES), Society of Actuaries

1988 - VARIABLE PRODUCTS UPDATE, Society of Actuaries - 18p

C-3 Risks

1989 - A GUIDE TO QUANTIFYING C-3 RISK, JOHN A. MEREU, Society of Actuaries (tsa89v418) - 42p

Interest Rate Risk

1994 - LONG-TERM MINIMUM INTEREST RATE GUARANTEES, Society of Actuaries

1998 - INTEREST RATE SCENARIOS, MERLIN F. JETTON, Society of Actuaries -