Description: As the Valuation Manual continues to evolve and PBR standards for additional products are drafted and incorporated, it will become increasingly important for companies to understand where the requirements are consistent across products, as well as how they differ. This session will scan the life (VM-20) and annuity (VM-21, VM-22) PBR standards across the Valuation Manual to compare and contrast key requirements. Attendees will understand where common methods and techniques can be used across products and platforms. Attendees will also be better positioned to consider assumption and margin setting, asset and derivative modeling, and model efficiency techniques for all types of principles-based valuations. Additionally, this session will profile specific challenges that can arise when actuaries use models to project PBR reserves at future dates for internal planning, pricing, and projections across life and annuity businesses.

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 session at the SOA 2000 Las Vegas Spring Meeting provides instructions on methods used for calculating health insurance contract and deficiency reserves including a review of the NAIC Health Reserve Guidance Manual.

Description: Attendees will discuss and share their experiences regarding current and anticipated challenges with respect to health reserves. Attendees will have the opportunity to ask questions and voice concerns to their peers to get real world feedback from actuaries with similar experiences. You don't want to miss this session!

Description: The valuation manual is a living document that continues to evolve. As more companies adopt Principle-Based Reserving (PBR) and file PBR Actuarial Reports, regulators have observed gaps and inconsistencies across the industry. As a result, PBR reporting requirements (VM-31) have expanded significantly in 2020 and still continue to evolve. This session will provide attendees with everything they need to fill out their PBR reports for both Life business and Variable Annuity business. We will dig into the new changes effective for 2020 reporting and approved changes for 2021, and compare and contrast the Life and VA requirements to help companies identify areas that can be leveraged between the two. In addition, we will share insights from regulators, consultants, and company actuaries on what to include or exclude in your report.

Description: Panelists at this session of the SOA 2001 Toronto Spring Meeting give an overview of the new methodology to compute the C-3 component of statutory risk-based capital and quantification of the impact of the change in methodology. Issues from a regulatory perspective and from a company perspective are discussed.

Description: This paper introduces a conjecture as to a method for estimating how much has to be added to the probability of ruin by n claims to obtain the probability of ultimate ruin. From the Actuarial Research Clearing House 1994 Vol. 2 .

Description: 1988 Valuation Actuary Symposium. This session discussed the work of the Modeling Subcommittee of the Canadian Institute of Actuaries Solvency Standards Committee. Resource materials were the Statement of Direction of the CIA Solvency Standards Committee and an illustrative report on solvency testing for a hypothetical insurance company.

Description: 1999 Valuation Actuary Symposium, Los Angeles. This session discussed issues of particular interest to valuation actuaries in smaller insurance companies. Topics included: 1. Regulation XXX. 2. Actuarial Guidelines 33 and 34. 3. Illustration actuary. 4. Current regulatory proposals. 5. Proposed new Section 7 requirements. 6. C-3 RBC Based on Cash-Flow Testing. 7. Use of outside consultants.

Description: One major feature of the OECD's two-pillar regime is that MNEs would base the calculation of taxes due on book-based financial statements. The article provides a summary of how these rules operate along with suggested actions insurers can take today to prepare for timely compliance.