VM-20 Assumption Guidance


July 28, 2016

  • External Forces & Industry Knowledge

Presented by

Financial Reporting and Smaller Insurance Company Sections


PBR allows the use of company specific prudent estimate assumptions based on company experience. These assumptions are key inputs to the calculation of deterministic and stochastic reserves in VM-20, often called the modeled reserves. Presenters for this webcast will cover the important aspects of prudent estimate assumptions, including where their use is required and how they are composed of anticipated experience and a margin. They will also discuss practices and governance for developing prudent estimate assumptions, including the role of sensitivities.

This webcast is part of a series focused on PBR for life insurance (VM-20) and includes these additional webcasts:

Aug. 4, 2016VM-31 Documentation Requirements and the PBR Actuarial Report  
Sept. 28, 2016VM-20 Prudent Estimate Mortality  
Oct. 14, 2016 VM-G Governance
Nov. 17, 2016 VM-20 Asset Modeling  

Participate in one or all of the webcasts. Register for each separately.




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.


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.