Description: With the adoption of the C-3 Phase 2 Project of the American Academy of Actuaries, it is now required that stochastic scenarios be developed for establishing reserves for variable annuities. This project has led to the idea of Principle-Based Reserving PBR where many of the same techniques will be used to set life insurance reserves. This article describes the choice of a Random Number Generator RNG to develop the random scenarios.

Description: This paper is a primer for actuaries with limited experience in accessing and using public data sets. From Small Talk Newsletter, November 2005, Issue No. 25.

Description: This article discusses the effects of a reduction in the life valuation interest rate and the adoption of the 2001 CSO table. From Small Talk Newsletter, November 2005, Issue No. 25.

Description: This article discusses the conflicting opinions surrounding proposed 1998 legislation that would have authorized mutual life insurance companies in New York to reorganize as stock companies through the formation of upstream Mutual Holding Companies.

Description: Discusses recommendation to NAIC Accident & Health Working Group, that is now under review. Also recommends reserve standard to use in the interim.

Description: This past December the NAIC adopted the 2001 CSO mortality table. Now things will get interesting as the states consider when they will adopt the table

Description: Brief discussion on recent published experience studies and RFPs.

Description: A brief description of the contents of the July 2022 issue along with are quest for assistance with SOA programming.

Description: Discusses the current options and the benefits of outsourcing various corporate functions.

Description: Recently, there has been an increase in the product development of simplified issue products in the United States. In the past two years, Gen Re LifeHealth has reviewed over 40 such products, ranging from vanilla direct-marketed products to high-end single premium immediate annuity SPIA paid universal life products. From Small Talk Newsletter, June 2005, Issue No. 24.