Description: From a session at the 2000 Valuation Actuary Symposium held in Washington DC, September 14-15, 2000 In this session, panelists discussed how they have leveraged cash-flow testing to: • Influence investment decisions • Analyze risks • Expand Cash flow testing models to meet management requirements • Provide relevant information to regulators and rating agencies Panelists discussed the enhancements required to meet these needs and provide guidance on communication of results to a nontechnical audience.

Description: This presentation is a panel discussion, session number 2PD, from the 2002 Valuation Actuary Symposium, held September 19-20 in Lake Buena Vista, FL. The panelists introduce major life and annuity statutory and GAAP valuation issues, which are covered in depth at subsequent sessions. There is also a brief update on activities of the International Accounting Standards Board [IASB]. Statutory topics include the draft National Association of Insurance Commissioners [NAIC] Actuarial Guideline MMMM for variable products with guaranteed living benefits, amendments to the Actuarial Opinion and Memorandum Regulation [AOMR], Regulation XXX mortality factors, and codification update, potential changes to the Standard Valuation Law, risk-based capital, and adoption of the 2001 CSO Mortality Table for valuation. GAAP topics include Statement of Financial Reporting Standards [SFAS] 133, 141, and 142, and two draft AICPA Statements of Position [SOP], one on nontraditional, long-duration products and another on internal replacements. Discussion from participants is included.

Description: This presentation is an open forum, session number 37OF, from the 2002 Valuation Actuary Symposium, held September 19-20 in Lake Buena Vista, FL. The panelist provides background on this new version of statutory accounting, formally called the Accounting Practices and Procedures Manual, an NAIC document that took effect at the beginning of 2001, noting that even though the accounting isn’t yet formally an accreditation standard, it’s basically in effect everywhere. The panelist discusses the three key classes of documents within the manual: the Statutory Statement of Accounting Principles [SSAP] Appendix A consisting of various excerpts from NAIC model laws and regulations, and Appendix B, containing interpretations of the Emerging Accounting Issues Working Group. The panelist then discusses the relevant pieces of accounting guidance that are important to health valuation actuaries. Discussion from participants is included.

Description: Panelists consider the future environment of the valuation actuary in the U.S., the current environment in Canada and elsewhere, and the likely future methods of determining financial solvency in the U.S. From the 1988 Record of Society of Actuaries, Vol. 14, No. 4A.

Description: A review of the major activities and accomplishments of the Smaller Insurance Company Section over the last year.

Description: Performance measurement is not the primary purpose of either GAAP or statutory accounting. This article discusses alternative methods of reporting used by life insurance companies to better measure financial performance.

Description: A discussion of life insurance securitizations and how they can be structured to provide surplus relief associated with onerous reserve requirements.

Description: December 2015 issue of The Financial Reporter

Description: Update on research projects sponsored by the Financial Reporting Section.

Description: Read the June 2018 issue of The Financial Reporter published by the Financial Reporting Section of the SOA.