Description: This article provides an EV overview, current industry usage, key considerations illustrated by MetLife’s strategic spin-off of Brighthouse Financial, as well as implementation notes.

Description: This article provides a description of three factor updates for the NAIC Risk-Based Capital that will take effect in 2012.

Description: The Cash Flow Valuation Method has recently been adopted for valuation of annuity products in Canada and has application to all other life insurance products. Under this method, the statement liability for a block of business is the value of the assets required to enable the insurer to run off the block. The method therefore involves both assets and liabilities and reflects the insurer's investment policy.

Description: This article presents an overview of the PBGC Actuarial Valuation Report from 2003. From Pension Section News, June 2004, Issue No. 55.

Description: Article from the chairperson of the Financial Reporting Section of the SOA on disruption and what it means to actuaries.

Description: Interest Maintenance Reserve ("IMR") has become a hot topic recently due to rising interest rates, causing decreases or even negative IMR balances for some insurers. This article aims to exam some new questions facing financial reporting actuaries: - How should negative IMR be treated for statutory reporting? - What are the other actuarial implications of negative IMR? - What have regulators done and/or plan to do about negative IMR? - What are potential mitigants?

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.

Description: An Update on International Accounting Standards for Insurance by Bruce Moore from The Financial Reporter, June 2000, Issue No. 42.

Description: This article describes the shortcomings of a rules–based valuation system and the benefits of a principles–based valuation system. It discusses the concerns that have arisen since the introduction of Canadian GAAP and Canada's current direction toward a principles-based valuation of insurance liabilities.

Description: The regulatory environment for financial reporting for insurance companies is discussed. The Appointed Actuary concept will take effect at the end of 2003. US GAAP or IASB standards of reporting are being reviewed.