Description: Universal Life with Secondary Guarantees (ULSG) was first introduced in the late 1990's as low-cost, long-term death benefit protection. As this business ages, writers are experiencing pressured earnings from emerging experience, secondary markets for insurance products and low interest rates. In response, writers are sharpening their pencils on experience analysis and risk management with an eye for opportunities to increase the performance of their blocks.

Description: 2021 ImpACT Conference - Session 6E: Impact of New UW Data Sources and Tools 10.27.21 Recording

Description: 2021 ImpACT Conference - Session 14A: Credit Risk & Small Diverse Businesses Within Underserved Communities 10.29.21 Recording

Description: 2021 ImpACT Conference - Session 4B: Post-COVID Strategies: Connecting Pandemic Outcomes, Health Equity and Fiscal Sustainability 10.26.21 Recording

Description: 2021 Life Meeting - Session 9D: MRBs: Special Considerations for Fixed Indexed Annuities 9.1.21 Recording

Description: 2021 ImpACT Conference - Session 11A: Thinking Ahead Roadmap: Keep Your Money Safe As You Age 10.28.21 Recording

Description: 2021 ImpACT Conference -Session 9C: ABCs of Data Governance 10.28.21 Recording

Description: 2021 ImpACT Conference - Session 10B: Keeping Customers Engaged with Proactive Recommendation of Insurance Portfolio 10.28.21 Recording

Description: State regulators and the American Academy of Actuaries will present on the latest developments for the future fixed annuity principle-based reserving framework. The presenters will provide an overview of the proposed methodology, as well as updates on regulatory discussions, field testing, the project timeline and outstanding framework elements yet to be determined. By the end of the session, attendees will understand what changes are being made to non-variable annuity reserves, details underlying existing proposals and the anticipated timing of such emerging changes. The session will meet the needs of actuaries focused on annuity reserve calculations, financial reporting and valuation.

Description: The National Association of Insurance Commissioners (NAIC) is in the middle of of a project to change the real-world economic scenario generator (RW ESG) prescribed for principle-based reserve and capital calculations. The presenters will provide a brief summary of the NAIC's RW ESG project and provide a general overview of RW ESGs. In addition to that, they will explain how RW ESGs impact principle-based reserve and capital levels and consider potential differences between the currently prescribed RW ESG and the proposed RW ESG.