As the Valuation Manual continues to evolve and PBR standards for additional products are drafted and incorporated, it will become increasingly important for companies to understand where the requirements are consistent across products, as well as how they differ. This session will scan the life (VM-20) and annuity (VM-21, VM-22) PBR standards across the Valuation Manual to compare and contrast key requirements. Attendees will understand where common methods and techniques can be used across products and platforms. Attendees will also be better positioned to consider assumption and margin setting, asset and derivative modeling, and model efficiency techniques for all types of principles-based valuations. Additionally, this session will profile specific challenges that can arise when actuaries use models to project PBR reserves at future dates for internal planning, pricing, and projections across life and annuity businesses.
At the conclusion of this session attendees will be able to:
- Compare and contrast key PBR requirements across sections of the Valuation Manual for life (VM-20) and annuity (VM-21, VM-22) products
- Explain methods and considerations for setting margins for principles-based valuations
- Describe technical issues related to modeling assets within nested models within inner and outer loop projections and apply this understanding when modeling assets for both time-zero and projected valuations
-
1.80 SOA CPD
1.50 CIA
-
Fee:$144.00
