The presenters will cover assumption setting under VM-20, including the theory, or what's permitted, guidance that is available to pricing and valuation actuaries and the practice of how insurers have chosen to implement assumption setting under PBR. They will discuss the theory and available guidance and resources, as well as provide a case study discussing how they, or one of their clients, has actually implemented VM-20 assumption setting.
At the conclusion of the session, attendees will be able to:
• Identify constraints and rules applying to assumption setting under PBR;
• Compare the attendees' own processes and methods to those presented in the case study;
• Evaluate how these case studies might apply to their own situation in PBR assumption setting; and
• Determine how the attendee's processes and methods might be improved.