Getting Models in Shape for PBR Webcast


January 10, 2017

  • External Forces & Industry Knowledge

Event Home | Registration | Presenter & Moderator | CPD


Presented by

Financial Reporting, Modeling, and Smaller Insurance Company Sections


Noon-1:30 p.m. ET


This webcast takes place via the Internet.

Registration Fees

Registration is now closed. The SOA Customer Service Center is available to assist you Monday through Friday, 8:00 a.m. to 5:00 p.m. CDT. Please call +1-888-697-3900.

Who Should Participate

Members of the following sections: Financial Reporting, Modeling, Smaller Insurance Company and Technology


The new Valuation Manual has been adopted with an operative date of Jan. 1, 2017, and optional three-year transition period. VM-20 introduces PBR for life insurance and includes a number of requirements concerning the models used to project cash flows for the deterministic and stochastic reserve components. Presenters will review the new requirements and discuss items actuaries should consider as they prepare their models for VM-20.

Topics on the agenda for this webcast include the following:

  • VM-20 requirements related to modeling cash flows
  • Building new vs. adapting existing models
  • Using simplified methods and model efficiency techniques
  • Getting comfortable with results and attribution analysis
  • Coordinating with auditors
  • Validating models and model governance considerations

Attend this webcast to gain a better understanding of the new VM-20 modeling requirements, and techniques that can be used to meet the requirements.

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

July 28, 2016 VM-20 Assumption Guidance  
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.

How the live webcast works and what it includes

You do not need any special equipment. On Nov. 29, 2016, before 2:00 p.m. ET you will be sent detailed webcast instructions via email including the Web address for accessing the presentation. Any handouts that are available will also be sent. You will follow along with both the slide presentation and the audio portion of the broadcast over the Internet. 

The registration fee includes:

  • One access code per location to the live webcast;
  • One Internet connection;
  • One phone connection (to be used only if experiencing sound issues or if in a conference room with a group);
  • One set of presentation materials; and
  • Access to the subsequent webcast recording.

Please note that each access code may only be used for one location, even if you register for more than one participant.

Post-Webcast Purchase Opportunity

For those who are interested in SOA webcasts but are unable to participate in the live event, access to an archived recording of the webcast will be available for purchase approximately 10 business days following the event by using the following link .




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.