Description: Discussion of developments in actuarial education, the regulatory licensing process for actuaries signing off on reserves and financial statements, and social security in Poland

Description: The SEC recently approved a financial disclosure rule mandating that a company must release material and market-moving information to all investors simultaneously. This article looks at the new rule designed to make financial disclosure fairer for all investors and how it may pose problems for larger insurers, while it may level the playing field for smaller insurers.

Description: Discusses a Bill which was recently introduced into the Maryland Legislature and which would require the Insurance Commissioner to publish a price comparison for all life companies licensed in Maryland.

Description: This article discusses regulatory proposals and developments at both the state and federal level that call for small insurer vigilance.

Description: Under non-Aristotelian logic, there are multiple values, or shades of gray. Indeed, there may even be unexpected results from logical combinations, like “both” and “neither.” This article discusses how this insight should be applied to the current debate between formula-driven reserves with limited assumption flexibility and the reserve principles approach. For reserve standards, we do need both actuarial judgment grounded in reserving principles and restrictive formula methods or safe harbors.

Description: A discussion of risk based capital for annuities RBC C-3 Phase II

Description: Update on Total Asset Requirements for statutory reporting of reserves and surplus for Variable annuity products with guarantees