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PBA Corner
Definitions (VM-01); - Minimum nonforfeiture mortality and interest for policies subject to principle-based ... - VM-Appendix M, which includes a listing of mortality tables and corresponding sources. D uring the ...- Authors: Karen Rudolph
- Date: Sep 2012
- Competency: External Forces & Industry Knowledge>Actuarial theory in business context
- Publication Name: The Financial Reporter
- Topics: Life Insurance>Reserves - Life Insurance
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Setting the X FactorPercentile— Commentary
Setting the X FactorPercentile— Commentary Setting the X Factor Percentile— Commentary by G. Thomas ... Financial Reporter, October 1999, Issue No. 40. Mortality assumption; 9099 10/1/1999 12:00:00 AM ...- Authors: G Mitchell
- Date: Oct 1999
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: The Financial Reporter
- Topics: Life Insurance>Reserves - Life Insurance
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Defining the Details: Intricacies of PBR Disclosures
policies that pass both exclusion tests. The mortality reporting section also includes some restructuring ... non-medical/clinical published reports may support mortality adjustments 2) Adds non-guaranteed element ...- Authors: Benjamin Slutsker, Rachel Hemphill, Hugues Fontaine
- Date: Sep 2018
- Competency: External Forces & Industry Knowledge>External forces and business performance
- Publication Name: The Financial Reporter
- Topics: Financial Reporting & Accounting>Statutory accounting; Life Insurance>Reserves - Life Insurance
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Frequently Asked Questions—Indirect Par Contracts Under IFRS 17
are a large number of Indirect Par products in the U.S. and Canada, as well as in Asia. We will focus on ... variable universal life and variable annuities in the U.S., as well as segregated fund products in Canada, ...- Authors: Bruce Rosner, Kyle Stolarz
- Date: Jun 2021
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: The Financial Reporter
- Topics: Financial Reporting & Accounting>International Financial Reporting Standards [IFRS]; Life Insurance>Reserves - Life Insurance
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VM-31 - Modifications and findings for 2020 PBR reports
economic environment, 2020 is the first year that all U.S. life insurance companies will be required to comply ... recent significant revisions to VM-21 for variable annuity products. This article focuses on the VM-31 principle- ...- Authors: Angela McShane, Benjamin Slutsker, Rachel Hemphill
- Date: Jul 2020
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: The Financial Reporter
- Topics: Annuities; Financial Reporting & Accounting; Financial Reporting & Accounting>Statutory accounting; Life Insurance; Life Insurance>Reserves - Life Insurance; Life Insurance>Term life; Life Insurance>Whole life
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Aristotle Was Wrong: or Formulas vs. Actuarial Judgment
Aristotle Was Wrong: or Formulas vs. Actuarial Judgment Under non-Aristotelian logic, ... restrictive formula methods or safe harbors. Annuity reserves;Life reserves;Principles-based reserves=PBR;Risk-based ...- Authors: Carol A Marler
- Date: Mar 2005
- Competency: External Forces & Industry Knowledge>Actuarial theory in business context; Technical Skills & Analytical Problem Solving>Problem analysis and definition
- Publication Name: The Financial Reporter
- Topics: Finance & Investments>Risk measurement - Finance & Investments; Financial Reporting & Accounting>Statutory accounting; Life Insurance>Reserves - Life Insurance; Life Insurance>Capital - Life Insurance; Public Policy
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PBR Corner
ADOPTION STATUS OF PRINCIPLE-BASED RESERVES A s of mid-March 2015, 21 states have passed the Standard ... be allowed to recognize changes in valuation mortality tables and valuation interest rates, as is done ...- Date: Jun 2015
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations
- Publication Name: The Financial Reporter
- Topics: Financial Reporting & Accounting>Statutory accounting; Life Insurance>Reserves - Life Insurance
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NAIC Impact Study Provides Early Look at Potential Impacts of New VM-20 Life Reserving Standard
NAIC ... objectives and our observations are summarized in Table 1. (Right) WiLL RESERVES iNCREASE OR DE- CREASE ... level of the reserves under CONTINUED ON PAGE 12 TABLE 1 Selected NAIC Objectives for ...- Authors: John Dieck, Todd Erkis
- Date: Jun 2012
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations
- Publication Name: The Financial Reporter
- Topics: Life Insurance>Reserves - Life Insurance
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Using Relevant Experience Data to Increase Credibility and Reduce Margins
experience from other sources in setting a company’s mortality experience assumption: b. Company experience ... company experience for books of business within the mortality segment. ii. Experience from other books of ...- Authors: Marianne C Purushotham, Mark Birdsall
- Date: Sep 2017
- Competency: External Forces & Industry Knowledge>Actuarial theory in business context; Professional Values>Practice expertise; Technical Skills & Analytical Problem Solving>Innovative solutions
- Publication Name: The Financial Reporter
- Topics: Actuarial Profession>Best practices; Enterprise Risk Management>Risk measurement - ERM; Experience Studies & Data>Mortality; Life Insurance>Pricing - Life Insurance; Life Insurance>Reserves - Life Insurance
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Case Study - Impact of Tax Cuts and Jobs Act 2017
a change in profitability to each component. Table 1 lists the steps of our attribution, each of which ... compared to term, as well as a cash value feature. Table 1 TCJA Profitability Attribution Summary Baseline—Pre-TCJA ...- Authors: Christopher Zuiker, Dylan Strother
- Date: Sep 2018
- Competency: Strategic Insight and Integration>Big picture view; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: The Financial Reporter
- Topics: Financial Reporting & Accounting>Tax accounting; Life Insurance>Reserves - Life Insurance