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Session 179: What Do I Need to Know if I'm Not Implementing PBR?

Best estimate assumptions  Mortality follows 100% of 2015 VBT  Mortality experience is 30% credible ... industry averages Prudent estimate assumptions  Mortality is improved up to each valuation date at 1% per ...
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Description: Companies exempt from PBR can benefit by borrowing ideas and lessons learned from companies that perform and operate in a PBR world. The presenters will discuss VM requirements related to governance policies, as well as assumption and margin setting, plus model validations and controls which can benefit smaller insurance companies. Attendees will learn about new actuarial practices and how the PBR methodology and Valuation Manual can influence their work and highlight available resources.
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- Date: Mar 2020
- Competency: External Forces & Industry Knowledge
- Topics: Actuarial Profession; Actuarial Profession>Standards of practice; Financial Reporting & Accounting; Financial Reporting & Accounting>Statutory accounting

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