Description: Outlines a generic business model for a life insurance company and concludes with thoughts on future trends and prospects.

Description: Encourages readers to visit specified URL to read selected essays from “Life Insurance 2020 Foresight—A Call For Essays.

Description: Discusses Product Development Section activities at the upcoming SOA Annual Meeting in the fall.

Description: This general discussion looks at mortality experience with the advent of CSO tables, annuity premium tax, termination dividends, classes of agents included under Social Security, and conditions affecting companies entering the fields of disability income, accident, health, hospitalization and medical insurance.

Description: Initiated by the Financial Reporting Section, this paper explores rising interest rates. Following this path, the paper will look at implications of interest rate changes for the life insurance industry, current stress testing practices, and how a risk manager can proactively prepare for an uncertain future. A paper published in 2014 focused on why rates could stay low, and some aspects of this paper are similar (e.g., description of insurance products). This paper also uses a sample model office to help practitioners look at their own exposures. It includes typical interest-sensitive insurance products and how they might perform across various scenarios, as well as a survey to establish current practices for how insurers are testing interest rate risk currently.

Description: This article provides a short history of the correction procedures previously developed to address compliance failures and the shortcomings of those procedures under sections 101f and 7702, laying the foundation for a sea change in the correction process.

Description: This panel discussion, which occurred at the October 1982 Society of Actuaries Annual Meeting in Washington D.C., presented information on the implementation of the 1980 amendments to the Standard Valuation Law. Topics included:1. Status of Enactment, 2. Guidelines For Interpretation, 3. Model Regulations including indeterminate premium plans, indexed plans and universal life., and 4. Computer Specifications for reserves and nonforfeiture values using the 1980 CSO Tables. From Record of Society of Actuaries, Vol. 8, No. 4.

Description: With the ever changing economic and regulatory environment along with emerging experience, companies face real challenges managing non-guaranteed elements (NGE) for life and annuity business. Explore the opportunities and challenges offered by NGE management, with consideration for market trends, regulations, and the new ASOP 2. By attending the session, you will: - Understand recent market trends in NGE management for life and annuities. - Better appreciate the regulatory and compliance requirements surrounding NGEs especially the revised ASOP 2. - Understand the risks of action and inaction on NGEs.

Description: This session is about the practical and theoretical considerations in all-lines insurance operations, solvency of all-lines companies, and financial implications of all-lines operations, including investment of assets and Federal Income Tax.

Description: The Life Meeting, is the result of combining the Life & Annuity Symposium (LAS) and the Valuation Actuarial Symposium (ValAct). The Life Meeting will offer sessions specific to pricing and valuation as well as sessions on emerging issues relevant to both groups. These common themes include InsurTech, diversity, accounting change and the current economic environment.