Description: Addresses U.K. actuarial discussion regarding “maturity guarantees”, i.e., the reserves necessary to support promises contained in investment-linked contracts.

Description: Description of results from a survey of 35 insurance companies on the impact of proposed principle-based reserves for life insurance products.

Description: This article helps companies better understand the currently proposed upcoming VM-22 regulation by comparing the VM-22 measurement model to LDTI MRBs. The article highlights key considerations as companies plan for adoption of these two measurement models. These considerations should help inform a company’s strategy related to the business impacted by these standards.

Description: This article discusses the calculation of mean reserves in certain cases where terminal reserves are negative and proposes a minimum reserve formula which produces adequate mean reserves in all cases.

Description: This article discusses the charge for the new SOA/COVARA AIDS Task Force. This new task force will examine and report on the principles and techniques for the financial recognition of AIDS for insurance companies, recognizing both statutory and GAAP accounting.

Description: August Zilmer 1831-1893, a Prussian actuary best known for the development of preliminary term valuation, also made some observations on life insurance accounting that seem quite contemporary. Zillmer also wrote the first comprehensive German actuarial mathematics text in almost a century.

Description: This paper is presented as a means of explaining, in greater detail than was appropriate in its formal report, the methods used in the construction of the new standard ordinary mortality table, temporarily designated as Mortality Table X, and the corresponding experience mortality table, temporarily designated as Mortality Table X.

Description: Discusses the use of a valuation basis involving the use of two interest rates, which solves the deficiency reserve problem without requiring the abandonment of either low gross premiums or relatively high withdrawal values.

Description: The article highlights key considerations as companies begin to reserve for their IUL products under PBR.

Description: This article summarizes VM-31 updates to the 2018 and 2019 Valuation Manuals, and considerations for PBR Reports based on findings from the 2017 submissions.