Description: View the Archive Spring 2020: Design and Accounting Exam (U.S.).

Description: View the Archive Fall 2020: Design and Accounting Exam (U.S.).

Description: S&P reissued a second Request for Comment (RFC) in May 2023 that proposed changes to their insurer capital adequacy methodology and assumptions, and suggested these proposed changes may become effective at the end of 2023. This paper is to highlight the notable changes between the current capital model criteria and the proposed model. We also discuss major changes from the first RFC and the second RFC, as well as several key items that still require enhanced guidance and clarification. Our analysis is based on information gathered from S&P's public comments, conversations with industry participants, and publications released by S&P Global as of July 2023 when this paper was written. Most U.S. life insurers are rated by S&P using their U.S. Life Statutory Capital model, while other insurers use the GAAP/IFRS Capital Model. Statutory financials will remain the starting point for U.S. life insurers under the proposed model, however there will be additional adjustments made to these numbers in an effort to create consistency and comparability with other accounting and solvency regimes.

Description: This table displays U.S. adult prevalence of all those obese during 2005–2006 by age, gender and selected ethnic group.

Description: The panel discussed US federal income taxes, addressing parts of the tax equity and fiscal responsibility Act of 1982- TEFRA- related to life insurance company taxes and policy owner aspects that are involved. Discussion of the repeal of existing tax law provisions relating to certain reinsurance transactions is also discussed

Description: This report, from the Society of Actuaries [SOA] ‘Experience Studies – Individual Annuities,’ and prepared by the Payout Annuity Mortality Study Working Group of the Individual Annuity Experience Committee of the SOA, is an experience study of individual payout annuities, covering calendar years 2000 through 2004. The intent of this study is to provide recent annuitant mortality experience which can be compared to the Annuity 2000 Mortality Table, and provide a basis for a possible revision to that table. The study includes immediate annuities, annuitizations, and life settlement options of life insurance and annuity death claims. The report includes two Excel workbooks.

Description: This editorial mentions four issues from the recent Social Security Trustee's Report that will each be covered in more depth in future editorials.

Description: An analysis of US population mortality trends and the impact of COVID.