As companies consider their options for managing non-guaranteed elements (NGEs), they must keep in mind the valuation and reporting environment in which they operate. Whether GAAP, STAT or economic, there are particular considerations to take into account at the time of issue and upon a decision to make changes to these charges, fees and credits. PBR, FASB and IFRS bring with them new elements that can influence product valuation and therefore the assessment as to whether or not to manage NGEs. Join this session to strengthen your and your organization's ability to account for NGEs.
At the conclusion of this session attendees will be able to:
• Understand considerations for valuing non-guaranteed elements under different bases;
• Recognize how valuations may be impacted by changes to regulations and reporting guidance; and
• Consider the value of making changes to non-guaranteed elements under various bases.