Description: Actuaries are often intimately involved in insurance company merger and acquisition [M&A] activity. Actuaries are vital to the process because they have the key elements of knowledge to understand whether the numbers being raised really make sense. For actuaries working in M&A, this article offers a framework in which to view and perhaps improve their companies’ level of success.

Description: This article summarizes the treatment of changes in the basis for determining life insurance tax reserves under prior law and describes the changes enacted by the Tax Cuts and Jobs Act. It further explains the procedures for changing the basis of computing reserves under the new rules as outlined in Revenue Procedure 2019-10, the IRS’s December 2018 guidance on the subject, and discusses the uncertainties that remain.

Description: This article from SOA president David Holland, speaks to the need of the actuarial profession to consistently evolve with the needs of the 21st century.