V69 - PBR Implementation

Date

May 17, 2016

  • External Forces & Industry Knowledge

Presented by

Financial Reporting Section

Description

With principle-based reserving headed towards a 2017 implementation date, the original PBA Implementation Guide is being updated to reflect the latest developments. Companies have had varied experiences preparing for this complex new reserving regime. At this session, presenters will share insights and discuss issues related to implementing PBA using the PBA Implementation Guide and the AAA PBA Practice Note.

At the conclusion of the session, attendees will be able to:

  • Better visualize how to implement PBA for their company;
  • Identify potential pitfalls to avoid;
  • Identify potential possibilities to consider; and
  • Develop contacts with others whose implementation issues have similarities to their company.

Back

Legend

Communication

Demonstrating the listening, writing and speaking skills required to effectively address diverse technical and nontechnical audiences in both formal and informal settings.

Professional Values

Adhering to standards of professional conduct and practice where all business interactions are based on a foundation of integrity, honesty and impartiality.

External Forces & Industry Knowledge

Identifying and incorporating the implications of economic, social, regulatory, geo-political and business changes into the design and delivery of actuarial solutions.

Leadership

Initiating, innovating, inspiring, creating or otherwise acting to influence others regardless of level or role toward a common goal.

Relationship Management & Interpersonal Collaboration

Creating mutually beneficial relationships and work processes toward a common goal.

Technical Skills & Analytical Problem Solving

Applying the actuarial knowledge, skills and judgment required to provide value-added services.

Strategic Insight & Integration

Anticipating trends and strategically aligning actuarial practice with broader organizational business goals.

Results-Oriented Solutions

Providing effective problem solving that addresses relevant interests and needs.