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Incentive Compensation in the Life Insurance Industry
change depending on where the employees have their primary focus and the areas on which they can impact. There ... with stock, you're concerned about obviously taking care of the shareholder. Once the profit pool is put ...- Authors: William Britton, Michael J Corey, R Thomas Herget, Douglas R Jordan
- Date: Apr 1990
- Competency: External Forces & Industry Knowledge
- Publication Name: Record of the Society of Actuaries
- Topics: Actuarial Profession
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The Financial Reporter
secondary guarantee (ULSG) products. This is a direct result of New York’s rejection of the Actuarial ... mates of fulfillment cash flows for an underlying direct insurance contract that are recognized immediately ...- Authors: Society of Actuaries, Frank Grossman, William Sayre, Francis de Regnaucourt, Karen Rudolph, Henry Siegel, R Thomas Herget, R Inglis
- Date: Sep 2014
- Competency: Communication>Written communication; External Forces & Industry Knowledge>Actuarial methods in business operations; Leadership>Thought leadership; Technical Skills & Analytical Problem Solving
- Publication Name: The Financial Reporter
- Topics: Actuarial Profession>Best practices; Actuarial Profession>Management skills; Actuarial Profession>Professional development; Actuarial Profession>Standards of practice; Enterprise Risk Management>Capital management - ERM; Enterprise Risk Management>Financial management; Finance & Investments>Capital management - Finance & Investments; Financial Reporting & Accounting>International Accounting Standards Board [IASB]; Financial Reporting & Accounting>International Financial Reporting Standards [IFRS]; Financial Reporting & Accounting>Statutory accounting; Pensions & Retirement
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Sarbanes-Oxley Compliance: Ready or Not, Here It Comes
segregation of duties, safeguarding of assets and direct special attention to the financial statement close ... and detect controls that you have in place to take care of those what-can-go-wrongs that map back to processes ...- Authors: R Thomas Herget, James Miles, Darin Zimmerman, Rebecca Justice, Brad Irick, Raymond Marsh Smith
- Date: Jun 2004
- Competency: External Forces & Industry Knowledge>External forces and business performance; Professional Values>Public interest representation
- Publication Name: Record of the Society of Actuaries
- Topics: Financial Reporting & Accounting; Public Policy
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Term Insurance Reserving
radio too, and that brings us to the rise of the direct marketers. Many of you are familiar with advertising ... radio, television, and the Internet. This is the direct marketing of term insurance. These are the select ...- Authors: R Thomas Herget, Marina Adelsky, Kathleen Hansberger
- Date: Oct 1997
- Competency: External Forces & Industry Knowledge; Technical Skills & Analytical Problem Solving
- Publication Name: Record of the Society of Actuaries
- Topics: Life Insurance>Term life
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Life and Annuity Valuation Issues
internal and external expenses and covers both direct and indirect expenses. SSAP 59 deals with credit ... Accelerated Benefits Model Regulation Long-Teml-Care Model Regulation Life & Annuity (SVL) Asset ...- Authors: James P Greaton, R Thomas Herget, Donna Claire
- Date: Sep 1998
- Competency: Technical Skills & Analytical Problem Solving
- Topics: Financial Reporting & Accounting>Statutory accounting
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Current Events in Financial Reporting
premium immediate annuity (SPIA). One of the primary tax planning items in the reserve area is to minimize ... it will be distributed shortly. It doesn't give direct answers-there are a lot of gray areas-but it does ...- Authors: Frank Buck, Charles D Friedstat, R Thomas Herget, Craig R Raymond
- Date: Jun 1998
- Competency: External Forces & Industry Knowledge
- Publication Name: Record of the Society of Actuaries
- Topics: Financial Reporting & Accounting; Public Policy
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Highlights of Section’s IFRS Research Project
nondeferrable acquisition costs, so these (term, long-term care and participating life) have GAAP losses in year ... significant source of profit (SPDA, SPIA, long-term care and Highlights of Section’s IFRS Research Project ...- Authors: R Thomas Herget
- Date: Jun 2008
- Competency: External Forces & Industry Knowledge>External forces and business performance
- Publication Name: The Financial Reporter
- Topics: Financial Reporting & Accounting>International Financial Reporting Standards [IFRS]
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Covering the Bases
Covering the Bases This article compares earnings emergence under five popular world-wide accounting ... IFRS and Solvency II. The term product has both direct and ceded. The ceded illustra- tion shows both ...- Authors: R Thomas Herget
- Date: Sep 2015
- Competency: Professional Values>Practice expertise
- Publication Name: The Financial Reporter
- Topics: Life Insurance>Reserves - Life Insurance; Life Insurance>Term life
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Coordinating Actuarial Opinions/Formulating Opinions - I. Coordinating Actuarial Opinions
Standards of Practice (ASOP) 7, 14, and 22 guide and direct the actuary in preparing the basis for his/her ... the economic testing to support the IA opinion, direct company expenses will likely be utilized. For ...- Authors: R Thomas Herget
- Date: Oct 1999
- Competency: Professional Values>Practice expertise
- Topics: Financial Reporting & Accounting
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Building a Winning Culture
that have happened in life, health and managed care. These are not brokerage firms. These are life insurance ... companies, health insurance companies and managed care firms. I could think of a Building a Winning ...- Authors: David S Duncan, R Thomas Herget, Alan J Sheptin
- Date: Jun 2004
- Competency: External Forces & Industry Knowledge; Leadership>Change management
- Publication Name: Record of the Society of Actuaries
- Topics: Actuarial Profession