Description: A description of the current state of the Insurance Capital Standard under development by the IAIS, focusing on liability valuation.

Description: Overview of regulations and best practices for governance of PBR valuation processes, including standards, oversight, controls and review related to the PBR analysis

Description: LTCi rate increases are large and becoming larger. As more and more policyholders cannot afford the cumulative impact, they need some relief - like access to the large contract reserve they have funded for the benefits they can no longer afford.

Description: A discussion of what to do in the face of unprecedented change. With so many negative indicators of the economic future, suggestions are made for individual actions.

Description: Updates on the efforts of the Academy’s health practice council. its work groups and task forces, to conduct research and educate health care policymakers on issues including principles for market reform, individual insurance, and risk factors.

Description: Updates on HPC activities, including new work groups for providing input to key players as health care reform moves on from the legislative phase into the regulatory phase, as well as ongoing activities of existing workgroups in financial reporting, long term care, stop loss, disease management, Medicare SUpplement, sovency, cancer claims experience, and risk adjustment.

Description: From a session at the 2000 Valuation Actuary Symposium held in Washington DC, September 14-15, 2000 Prior to 1999, Glass-Steagall legally separated banking, brokerage, and insurance activities. Enactment of the Gramm-Leach-Bliley Financial Modernization Act brings “down the walls,” separating these financial industries. This session talks about the financial services modernization law and the impact it will have.

Description: From a session at the Spring meeting of the Society of Actuaries held in San Antonio, Texas, June 14-15, 2004 This session addressed aspects of the Sarbanes-Oxley Act, including a discussion of the history and purpose of the act, processes of compliance and their documentation, identification of key controls and testing for key control effectiveness.

Description: This article reviews the experience and restructuring that has taken place in the life insurance industry since the Asian economic crisis reached Korea. It also discusses the recent trends of the life insurance industry.

Description: This article describes Solvency II, an overhaul of the European regulatory regime, and discusses the implications for reinsurers.