Description: This article examines the impact of FAS 97 on the emergence of earnings for the most recent versions of UL products, those with interest rate and return of load kickers.

Description: Discusses mortality improvements over the last 20 years, the extent to which premiums on nonparticipating policies reflect the changes in mortality experience, the proposed new valuation table, should valuation tables be split by gender, and extra mortality on substandard lives at very long durations.

Description: This actuarial note provides a discussion of modified reserves and minimum cash values when continuous functions are used. Discussions of this paper are included.

Description: This paper considers policies with annual premiums and discusses four types of life insurance reserves calculations: curtate, fully continuous, discounted continuous, and semicontinuous. From Transactions of Society of Actuaries 1995, Vol. 47.

Description: Mandatory implementation of life principle-based reserves (PBR) is just around the corner, and there is no shortage of work to do, as most products have yet to be moved to PBR. Oliver Wyman recently completed its 2019 PBR survey, with more than 40 participants covering 85 percent of the individual life market, including 23 of the top 25 life writers and five reinsurers. This article will expand on the key survey findings including implementation status and model simplifications.

Description: The South African life insurance industry contains the largest life insurance market in Africa, it is highly sophisticated and highly regulated. In the years 2020 and2021, the industry suffered significant mortality losses due toCovid-19. What can we learn from this experience in South Africa?

Description: This paper describes the Federal Income Tax FIT treatment of reserves historically. Then it describes Principles-Based Reserves PBR. Finally, it discusses issues in the treatment of PBR under FIT.

Description: This article highlights features of the SOA's Regulatory Web Resource. The intent is to encourage greater use of the Resource among section members.

Description: Continues the look from previous articles at unlocking of traditional contract valuation assumptions, this time examining the effects of lapses.

Description: The current life insurance development with a focus on the latest regulation change from actuarial perspective and its possible impact to the Vietnam industry.