Description: This session from the 1983 SOA Spring Meeting discusses individual life insurance including the changing markets, distribution systems, products, regulation, and taxes.

Description: This discussion at the SOA 1968 Philadelphia and Los Angeles Regional Meetings focuses on federal income tax questions including recent rulings, company organization around tax work, the role of actuaries, and Canadian developments.

Description: This paper discusses adjustable life insurance and certain theoretical problems of these policies. It also covers how the Commissioners Reserve Valuation Method, CRVM, may be extended to cover adjustable life policies and defines formulas for the additional expense allowance at the time of change. A discussion of the paper follows. From Transactions of Society of Actuaries 1979, Vol. 31.

Description: This is a short response to the paper, 'Group Conversion Charges - Accounting for Annual Statement' by Dickinson C. Duffield, which discusses an alternative way to account for group conversion charges.

Description: Hear about modernized reporting capabilities and technical analysis, which is enabled through access to deep actuarial and financial planning data. The webcast will focus on a real post-Long Duration Targeted Improvements (LDTI) source of earnings analysis and on a high-level LDTI forecasting capability.

Description: As effective dates for major changes in insurance accounting are rapidly approaching, insurers find themselves at various stages of their implementation programs. Driven by the need for compliance and desire for operational excellence, companies are transforming by reimagining their processes, leveraging technology enablers, redefining roles and responsibilities, and enhancing risk management, governance, and controls. Companies that proactively include risk and control elements in their accounting change implementation programs benefit from improved outcomes, enhanced investment returns, early identification, and mitigating of risk. Focus on risk and controls considerations around accounting change programs and how strategic partnerships with internal audit and ERM groups can benefit these significant transformation programs. By attending the session, you will: Be able to articulate key considerations around risk and controls for accounting change implementation programs.

Description: As a consequence of increased merger and acquisition activity in the insurance market in recent months, understanding the methodology behind goodwill calculations is becoming more relevant. Actuaries play an integral role in the calculation and validation of goodwill values. By understanding the principals and concepts in more detail, we can ensure that an optimal approach can be achieved both in terms of accuracy and value to the business. Gaininsight into the various components of goodwill, including an overview of the actuarial appraisal method that establishes how to calculate those components. Drill down to core intangibles, including VOBA, VODA and VOCRA. Explore the best practices for calculation of these components and obtain an understanding of the assumptions, methodology, and challenges that are being presented while deriving values of goodwill. Identify the key choices which can be made and how they impact the value both initially and over time. By attending the session, you will: - Describe the components of goodwill. - Calculate the components of goodwill. - Understand the challenges of calculating goodwill. - Understand what decisions are available within the methodology and their impact.

Description: This paper expands on the traditional three-factor interest, mortality, and expenses dividend contribution formula to propose a new dividend structure. The structure and formula are derived from the most generalized equation of equilibrium, and each dividend class is treated as an ongoing microcosm. From Society of Actuaries Financial Reporting Monograph, M-AS99-1.

Description: This report by the Joint Actuarial Committee on Financial Reporting discusses the proper role of the actuary in reporting on the financial operations of life insurance companies. From Transactions of Society of Actuaries 1971, Vol. 23, Pt. 2D, No. 65.

Description: This article helps companies better understand the currently proposed upcoming VM-22 regulation by comparing the VM-22 measurement model to LDTI MRBs. The article highlights key considerations as companies plan for adoption of these two measurement models. These considerations should help inform a company’s strategy related to the business impacted by these standards.