Description: The American Academy of Actuaries will present on current initiatives that impact the U.S. statutory reserving methodology for non-variable annuity contracts. In particular, the development of a principle-based reserving framework on non-variable annuity contracts will be discussed, including framework elements, assumptions, and methodology. The session will provide an update on the status of regulatory discussions and the timeline for future changes to reserves. By the end of the session, attendees will understand what changes are being made to non-variable annuity reserves, details underlying existing proposals, and the anticipated timing of such emerging changes. This session is intended to the meet the needs of actuaries focused on annuity reserve calculations, financial reporting, and valuation.

Description: This session from the 1983 SOA Vancouver Meeting discusses GAAP topics including purchase accounting, UL, deferred acquisition costs and others. The value of interim earnings reports and statutory issues are also examined. From Record of Society of Actuaries, Vol. 9, No. 3.

Description: Presented at May 1985 Spring Meeting. This session debates the following resolution - resolved: the actuary should be required to express an opinion in life insurance company statements regarding the valuation adequacy of projected future cash flows.

Description: Presented at May 1985 Spring Meeting. This session discussed: Role of solvency surveillance, Role of the valuation actuary, Role of reinsurance, Role of integrated financial services, Role of the American Academy of Actuaries Committees on Life Insurance Company Financial Reporting Principles and on Property and Liability Insurance Financial Reporting Principles.

Description: Key considerations when modeling reinsurance to calculate reserves under PBR as well as a case study examining the impact of reinsurance structures on reserves.

Description: A description of the Financial Reporting Section's priorities for 2016.

Description: Summary of the SOA's research report Modern Deterministic Scenarios for Interest Rates, which developed interest rate scenarios for use in cash flow testing.

Description: This article discusses reporting requirements under PBR, including what will be required for companies that do not implement PBR for year-end 2017.

Description: Update on Financial Reporting Council activities.

Description: This article summarizes recent proposed changes to the Valuation Manual that might take effect for 2019 valuations for PBR business.