Description: Column discussing developments in insurance accounting from January - March.

Description: Discussion of the investigation of the Faculty and Institute of Actuaries in the United Kingdom relating to the events surrounding the closure to new business on December 8, 2000 of the UK’s Equitable Life Assurance Society.

Description: Update on statutory Valuation reserves and required surplus for variable annuities with living benefit guarantees

Description: Feature article discussing U.S. and international regulatory developments of interest to actuaries in the financial reporting field.

Description: This article discusses the adoption of the AICPA Statement of Position SOP 03-1 altering the way earnings emerge under FAS 97 and the impact of the enactment of SOX control requirements.

Description: Developments at the NAIC, IAIS, and Federal Reserve regarding life insurance regulation. PBR is not included.

Description: A discussion of life insurance securitizations and how they can be structured to provide surplus relief associated with onerous reserve requirements.

Description: Discusses Solvency II, the new solvency regime for all EU insurers, and what it means to US insurers.

Description: This article discusses a number of product variations seen in the market with respect to Universal Life products with secondary death benefit guarantees, factors leading to those designs and considerations regarding the adequacy of reserves that emerge under AXXX formulas. This article also identifies a series of factors that authors believe will make it difficult to quickly and equitably resolve these issues through formula-based changes.

Description: A review of a webcast on Sarbanes-Oxley including a brief update on Sarbanes requirements, including some practical aspects of the Sarbanes “life cycle,” including living with Sarbanes beyond implementation.