Description: Under non-Aristotelian logic, there are multiple values, or shades of gray. Indeed, there may even be unexpected results from logical combinations, like “both” and “neither.” This article discusses how this insight should be applied to the current debate between formula-driven reserves with limited assumption flexibility and the reserve principles approach. For reserve standards, we do need both actuarial judgment grounded in reserving principles and restrictive formula methods or safe harbors.

Description: This article explains the issue causing from asset dependency discounting as required by IFRS 17, and proposed some possible methods to solve the issue.

Description: This article examines potential approaches to the calculation of the risk adjustment component, with a focus on a case study related to a UL product.

Description: Feature article discussing the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 and its implications.

Description: Quarterly update on regulatory trends of interest to financial reporting actuaries.

Description: The September 2014 Issue of the Financial Reporting Section's newsletter, The Financial Reporter

Description: This article highlights features of the SOA's Regulatory Web Resource. The intent is to encourage greater use of the Resource among section members.

Description: A Framework for Managing Surplus by David N. Becker from The Financial Reporter, May 1999, Issue No. 39.

Description: Discussion of how meaningful GAAP ROE is as a measurement of management performance or how well management has deployed capital over a reporting period.

Description: Feature article discussing the insurance industry in Australia.