Description: In March 2010, Congress codified the judicial economic substance doctrine in an effort to raise revenue as part of the health care reform legislation.1 The law provides for strict liability penalties of 20 percent for understated taxes and refund claims that result from transactions that lack economic substance. In July 2011, the commissioner of the Large Businessand International Division LB&I of the IRS evidently recognized this state of uncertainty and issued very helpful guidance to all LB&I examiners to fill the void on guidance for economic substance..

Description: Certain valuation assumptions are difficult to set with a high degree of accuracy, whether because the underlying experience is in different economic or interest rate environments, in addition to other reasons. Examples include assumptions for long-term care insurance, annuity options, lapsation and premium persistency on ULSG. This session will share how the actuary can use predictive analytics to augment the assumption-setting process. Some of the benefits to the actuary (along with the company and the regulator) include more accurate assumptions with lower margins for adverse deviations. Of possible interest as well is that applications go beyond valuation and include acquisitions, reinsurance and pricing.

Description: From an interactive forum session at the 2001 Valuation Actuary Symposium, held in Lake Buena Vista, Florida, November 29-30, 2001 Discussion of the major financial reporting issues and concerns of senior actuaries in life insurance companies. Discussion focused cash flow testing methods and interpretation of results.

Description: There is some reason to believe that the trend of life companies entering the A & S business will continue. Both the public and the government are becoming increasingly aware of the need and desirability for the widest possible coverage against the loss of income because of disability and against the cost of medical care. This should lead to an expansion of the market for A & S insurance which should attract still other companies to the field in the future. Followed by several discussion papers submitted

Description: reinsurance news March 2015, Issue 81

Description: Historical U.S. population mortality rates by gender and single year of age for calendar years 2000-2016.

Description: A listing of research papers sponsored by the SOA prepared to enhance the understanding of the post-retirement period of life.

Description: The SOA seeks data to help develop research and studies. Learn about current proposal requests, data requests and call for papers.

Description: This session at the SOA 1990 Annual Meeting examines the possible state of the reinsurance marketplace in the year 2000. Focus is on the purpose and role of reinsurance in the future, globalization, and the role of the actuary.

Description: A January 25, 2015 ruling by the US Supreme Court regarding retiree health benefits is the topical springboard for the author to discuss the history and future of retiree health benefits. Topics include actuarial valuation of uncertain benefits using discount rates with risk adjustments derived from equity investment markets.