This session from the 2011 Preparing for Change under PBA: Life Company Reserves and Capital Seminar discusses the Solvency Modernization Initiative - SMI and the Own Risk and Solvency Assessment - ORSA.

In this session, the speakers discuss the various proposals and changes within the NAIC, ACLI, AAA, FASB and IASB. The primary emphases is on reserve, capital, and accounting requirements or changes both in the U.S. and internationally. The speakers discuss what has been approved, still being proposed and any potential changes or proposals in the horizon.

This presentation from The Modeling of Financial Market Risks for Financial Institutions Seminar covers statutory reserves and capital and the use of prescribed economic scenario generators - ESGs - or company ESGs for variable annuities, life products and other products.

In May of 2001 the Credit Insurance Experience Committee was asked to respond to the National Association of Insurance Commissioner’s request to the Society of Actuaries to develop a recommendation for a uniform national valuation standard for credit life insurance policy reserves. This document contains the recommendation along with supporting material.

Slides from a presentation at the Society of Actuaries 2007 Annual Meeting, held in October, 2007 in Washington, D.C. Discussion of the possible impacts of principle-based reserving on the reinsurance business: impact on both the ceding and assuming companies

This presentation was session number 19 at the Society of Actuaries 2008 Annual Meeting, held in Orlando October 19-22. The presenters provide a detailed Introduction to Principle-Based Reserves, ‘PBR,’ including current status, and discuss proposed revisions to the Standard Valuation Law, structure of the Valuation Manual, which will provide detailed implementation guidance, changes to the Annual Statement Blank, and possible timing.

In this session from the SOA 2010 Annutal Meeting and Exhibit, the speakers will discuss the various proposals and changes with the NAIC, ACLI, SOA, FASB and IASB. The primary emphasis is on principles based approach, risk based capital and an academy update. The speakers will discuss what has been approved, what is still being proposed, and any potential changes or proposals on the horizon.

In this session from the SOA 2010 Annutal Meeting and Exhibit, the speakers will discuss the various proposals and changes with the NAIC, ACLI, SOA, FASB and IASB. The primary emphasis is on principles based approach, risk based capital and an academy update. The speakers will discuss what has been approved, what is still being proposed, and any potential changes or proposals on the horizon.

Discusses latest developments in the U.S. financial-regulatory arena that impact life companies: Dodd–Frank financial regulation, the NAIC’s Solvency Modernization Initiative [SMI], Principles-Based Reserves and Capital requirements for life and annuity products, and lessons learned from VA CARVM. Session is from the Society of Actuaries December 2010 Advanced Financial Reporting Seminar in New York.

Change is continual on regulatory and tax fronts. In this session participants will have the opportunity to hear the latest regulatory developments for life and annuity business as well as updates to the tax environment. Included in this session is an update on the latest on principles based approaches, VM20 and C3 Phase III.