Financial Reporting


    VM-22: A Discussion of New Single Premium Immediate Annuity Statutory Interest Rates

    March 06, 2018

    Length: 26:08

    Sponsor: Financial Reporting Section


    Listen as Steve Finn, FSA, MAAA from the Financial Reporting Section Council talks with Paul Hance, FSA, MAAA from Prudential Financial about VM-22. This is a new requirement effective 1/1/2018 impacting statutory valuation interest rates for single premium immediate annuities. Hear how this requirement was developed, how it may impact your work and what you need to do to prepare for its effects.


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    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.