Description: These are the Discussant Comments by Douglas W. Andrews for the Retirement Strategies 2B Session of the January 13-15, 2020 Living to 100 Symposium in Orlando, Florida.

Description: Risk management techniques such as stress testing and setting capital targets are fairly well established for life insurers; however, the implementation of these techniques can vary considerably. A fundamental question is how to manage multiple valuation perspectives, and the list of possibilities keeps growing. Companies can potentially consider some or all of the following: U.S. reporting measures (Stat, GAAP), internal measures (EV, VNB, economic capital), international reporting measures (IFRS), rating agency models or other developing standards (ICS, NAIC group capital). This session will begin with a quick overview of the defining characteristics of different valuation frameworks. We will then provide more focused and practical considerations for managing risk and capital under different frameworks, using specific examples to highlight key trade offs.

Description: Excel spreadsheet showing immediate annuity example of GAAP benefit reserves and Unearned Revenue Liability calculation from the U.S. GAAP & IFRS: Today and Tomorrow conference in New York in September of 2010.

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

Description: This research report is the result of a second phase examination of the impact of VM-20 on life insurance product development.

Description: Feature article discussing model runs through in-force data compression.

Description: This is the Retirement Strategy Metrics abstract authored by Mark Shemtob for Session 2B of the January 13-15, 2020 Living to 100 Symposium in Orlando, Florida.

Description: A high level summary of developments of the new international accounting standard for insurance contracts (IFRS17) from the perspective of a general insurer.