Description: In this article, a numerical comparison of two commonly used FIA valuation methodologies is conducted to help insurers decide on the best methodology to use under GAAP LDTI and VM-22. We compared two modeling approaches to project the future index credits with the annual point-to-point crediting formula: Tthe stochastic equity crediting model and the deterministic option budget crediting model. The analysis is then extended to different levels of option budgets and the monthly average crediting formula. The advantages and disadvantages of the two equity return projecting approaches are also highlighted and will be discussed later in the report.

Description: Attitudes on strategy and risk in reinsurance vary according to specific environmental circumstances for most companies. This article is an extract from the 2007 surveys in the U.S. market.

Description: In the United States, there has been much industry discussion of the challenges associated with a sustained low interest rate environment, which impacts both the asset and liability sides of the balance sheet in unfavorable ways. The intent of this article is not to focus on these strategic issues. Rather, we attempt to shine a spotlight on some of the modeling challenges that practicing actuaries may experience when incorporating negative interest rates into their models.

Description: This article presents a summary of the recent smoker/nonsmoker mortality experience. Smoker mortality ratios are generally double the ratios for nonsmokers according to the latest intercompany experience.

Description: This paper analyzes which of the factors that affect retirement mortality determined in Phase I of the FARM project should be added to the existing mortality studies of the Society of Actuaries. Some factors were added or modified and two were dropped from those in Phase I.

Description: This article is about the Course 8 series. Course 8 provides candidates with essential advanced specialized education in one of seven practice areas: individual insurance, group life and health, managed care, U.S. pensions, Canadian pensions, finance, and investments.

Description: Our firm has developed the first publicly available insured lives mortality table for Cambodia using data science methods. This essay provides a brief background, our approach and the impact of our work.

Description: Provides an update, as of September 2022, on Financial Reporting Section sponsored research projects in process and those recently completed.

Description: Pandemic impact on continuing education. Financial Reporting Section and Community Engagement. US GAAP textbook update for LDTI. IFRI textbook update for amendments.

Description: This paper reviews data from the accident study for years 1930-1935 to see if there are any relationships between disabled worker mortality and standard mortality that might endure to the present. From the Actuarial Research Clearing House ARCH 1990 Vol. 1.