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  • Cost of Implementing a Principle-Based Framework for Determining Reserves and Capital Survey Results
    purposes, such as Cash Flow Testing (“CFT”), PBA, IFRS, and Economic Capital. Such conversions can be very ... to have when implementing C3P3 and VM-20. Out of 17 choices, the same six challenges were always at the ...

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    • Authors: Gregory J Roemelt, Jason Kehrberg, Charles J Souza
    • Date: Apr 2010
    • Competency: Technical Skills & Analytical Problem Solving>Process and technique refinement
    • Topics: Financial Reporting & Accounting>Statutory accounting; Modeling & Statistical Methods
  • Analysis of Methods for Determining Margins for Uncertainty Under a Principle-Based Framework for Life Insurance and Annuity Products
    .................................................17 3.4.3 Relationship with Profit Margins ......... ... Solvency Testing, and the proposed approach under IFRS Phase II5 are examples of financial reporting systems ...

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    • Authors: Larry Rubin, Xiaokai Shi, Nicholas Ranson
    • Date: Mar 2009
    • Competency: Technical Skills & Analytical Problem Solving>Process and technique refinement
    • Topics: Financial Reporting & Accounting>Statutory accounting; Modeling & Statistical Methods
  • Regulatory Update for 2013
    replaced by currently proposed international GAAP (IFRS), this codification would continue. Some small ... disappointment at lack of progress of convergence of two IFRS versions, one by U.S. accounting authorities (FASB) ...

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    • Authors: Norman E Hill
    • Date: Mar 2014
    • Competency: External Forces & Industry Knowledge
    • Publication Name: Small Talk
    • Topics: Financial Reporting & Accounting>Statutory accounting
  • Accountant/Tax Attorney Dialogue on the History and Purpose of Internal Revenue Code Section 811(a)
    sense operating similar to GAAP, statutory and IFRS financial accounting standards. That is, the determination ... In United Fire Insurance Company v. Commissioner,17 the Seventh Circuit, in rejecting the Service argument ...

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    • Authors: Richard N Bush, Arthur Schneider, Mark Smith, Peter Winslow
    • Date: Oct 2018
    • Competency: External Forces & Industry Knowledge>Actuarial theory in business context; External Forces & Industry Knowledge>External forces and business performance; Professional Values>Practice expertise
    • Publication Name: Taxing Times
    • Topics: Finance & Investments>Capital management - Finance & Investments; Finance & Investments>Risk measurement - Finance & Investments; Financial Reporting & Accounting>Financial Accounting Standards Board [FASB]; Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]; Financial Reporting & Accounting>Statutory accounting; Financial Reporting & Accounting>Tax accounting
  • Actuarial System Implications of VM-20
    Actuarial System Implications of VM-20 Find more information about Actuarial System Implications ... and International Financial Reporting Standards (IFRS) will require a significant effort to develop and ...

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    • Authors: Rene Harrison
    • Date: Sep 2013
    • Competency: Professional Values>Practice expertise
    • Publication Name: Small Talk
    • Topics: Enterprise Risk Management>Governance; Financial Reporting & Accounting>Statutory accounting
  • Reinsurance News, August 2014, Issue 79
    Steve Mannik Reinsurance News | AUGUST 2014 | 17 help combat fraud, but we will never fully eliminate ... ... Interview with Steve Mannik … | FROM PAGE 17 Reinsurance News | AUGUST 2014 | 19 ReRun ...

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    • Authors: Society of Actuaries
    • Date: Aug 2014
    • Competency: Communication>Written communication; External Forces & Industry Knowledge>Actuarial methods in business operations; External Forces & Industry Knowledge>Actuarial theory in business context; External Forces & Industry Knowledge>General business skills; Leadership>Influence; Leadership>Mentoring; Leadership>Thought leadership; Strategic Insight and Integration>Big picture view; Technical Skills & Analytical Problem Solving>Incorporate risk management; Technical Skills & Analytical Problem Solving>Innovative solutions; Technical Skills & Analytical Problem Solving>Process and technique refinement
    • Publication Name: Reinsurance News
    • Topics: Actuarial Profession>Management skills; Actuarial Profession>Professional development; Demography>Longevity; Experience Studies & Data>Morbidity; Experience Studies & Data>Mortality; Financial Reporting & Accounting>Financial Accounting Standards Board [FASB]; Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]; Financial Reporting & Accounting>International Accounting Standards Board [IASB]; Financial Reporting & Accounting>International Financial Reporting Standards [IFRS]; Financial Reporting & Accounting>Statutory accounting; Modeling & Statistical Methods>Forecasting; Modeling & Statistical Methods>Scenario generation; Modeling & Statistical Methods>Sensitivity testing; Pensions & Retirement>Defined benefit plans; Pensions & Retirement>Pension finance; Pensions & Retirement>Pension investments & asset liability management; Pensions & Retirement>Pension legislation and regulation; Public Policy; Reinsurance>Life reinsurance; Reinsurance>General reinsurance
  • Regulatory Update
    Regulatory Update Describes the changes in insurance regulation on both an international and ... the current standard for insurance accounting (IFRS 4) which in substance says that your home country’s ...

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    • Authors: Jeremy Starr
    • Date: Aug 2014
    • Competency: External Forces & Industry Knowledge
    • Publication Name: Reinsurance News
    • Topics: Financial Reporting & Accounting>Financial Accounting Standards Board [FASB]; Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]; Financial Reporting & Accounting>International Accounting Standards Board [IASB]; Financial Reporting & Accounting>International Financial Reporting Standards [IFRS]; Financial Reporting & Accounting>Statutory accounting; Public Policy
  • VM-20 Scenarios - An Observation
    31 34 28 60 34 31 29 27 26 25 24 70 29 20 22 19 20 17 18 80 22 15 16 16 16 12 13 90 18 11 13 13 12 9 9 ... 80 30 24 23 25 20 22 23 90 25 16 19 19 17 19 21 100 20 13 17 14 14 15 18 in years 15 and later. Thus ...

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    • Authors: Timothy Cardinal
    • Date: Dec 2016
    • Competency: External Forces & Industry Knowledge>Actuarial methods in business operations
    • Publication Name: The Modeling Platform
    • Topics: Financial Reporting & Accounting>Statutory accounting; Life Insurance>Reserves - Life Insurance; Life Insurance>Secondary guarantees; Modeling & Statistical Methods>Scenario generation
  • 1987 Valuation Actuary Handbook Table of Contents
    1987 Valuation Actuary Handbook ... Qualification Standards Conclusion Page 1-17 1-18 1-22 1-26 1-30 1-31 1-33 1-34 ... Valuation Considerations Comments II-13 II-17 II-18 II-19 II-21 II-23 Chapter & Section ...

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    • Authors: Society of Actuaries
    • Date: Jan 1987
    • Competency: Technical Skills & Analytical Problem Solving
    • Topics: Financial Reporting & Accounting>Statutory accounting
  • NAIC Receives Morbidity Table for Credit Disability
    and 30-day plans. The study used data provided by 17 contributing companies on single premium policies ... NAIC’s Credit Insurance Experience Exhibit for these 17 companies as well as for four non-contributing companies ...

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    • Authors: Steven Ostlund
    • Date: Jan 2001
    • Competency: External Forces & Industry Knowledge
    • Publication Name: News Direct
    • Topics: Financial Reporting & Accounting>Statutory accounting; Health & Disability>Disability tables