2025 SOA ImpACT Conference: Session 2E: WTW Session Series Part 2: VM-22 PBR: Regulatory and Risk Management Considerations-11.03.25 Recording

A panel will include regulatory insight, risk management and reinsurance expertise to discuss VM-31 best practices and what regulators focus on (initial vs long-term goals). The session will address the anticipated impact on reinsurance, such as that related to FIAs with GLWBs, given anticipated reserve impacts, how risk management techniques are expected to evolve under the VM-22 PBR and the expected change to C-3 Phase I frameworks. Attendees will understand how: •To construct and populate a PBR report to avoid regulatory questioning and how to strive for best practice production. That is, how best to analyze, summarize and communicate the necessary information. •The reinsurance landscape may evolve under the VM-22 PBR lens •Risk management techniques for their blocks of business may alter as VM-22 PBR blocks grow, including expected capital impacts