This 60-minute panel discussion led by Academy volunteers will explore the treatment of reinsurance under the Valuation Manual's principles-based reserving (PBR) requirements for life insurance (VM-20). Panelists will discuss different reinsurance agreements, such as coinsurance, modified coinsurance, guaranteed and non-guaranteed yearly renewable term (YRT), stop-loss reinsurance, and financial reinsurance. The session aims to address practical reinsurance considerations for PBR in 2025, focusing on emerging issues such as reinsurance reserve credit and approaches for YRT reinsurance, and considering relevant ASOPs and updates to Practice Notes. Participants will gain insight into how different reinsurance structures affect VM-20 reserving. Learning objectives include understanding the implications of various reinsurance types on VM-20 reserving and staying up to date on recent and upcoming changes. This session is essential for actuaries involved in reserve calculations and reinsurance strategies under the evolving PBR framework.
{{ day.Date }}
{{ time.Time }}
{{ session.Description }}