Announcement: SOA releases passing candidate numbers for April 2024 Exam PA.

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  • The Natural Reserve Concept and Life Insurance Earnings
    premiums).--If actual experience with respect to mortality, expenses, persistency, and invest- ment follows ... the gross premium structure) as to interest, mortality, withdrawal, and expenses. A natural reserve ...

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    • Authors: Joe B Pharr
    • Date: May 1971
    • Competency: Technical Skills & Analytical Problem Solving>Process and technique refinement
    • Publication Name: Transactions of the SOA
    • Topics: Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]; Life Insurance>Reserves - Life Insurance
  • GAAP Targeted Improvements—Unlocking Persistency
    that noise. Both articles examined effects when mortality devi- ates from the original valuation assumption ... assumption. In contrast to earlier illustrations of mortality, persistent lapse variances and the eventual ...

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    • Authors: Steven Malerich
    • Date: Mar 2018
    • Competency: Technical Skills & Analytical Problem Solving>Innovative solutions; Technical Skills & Analytical Problem Solving>Problem analysis and definition; Technical Skills & Analytical Problem Solving>Process and technique refinement
    • Publication Name: The Financial Reporter
    • Topics: Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]; Life Insurance>Reserves - Life Insurance
  • GAAP Targeted Improvements: Unlocking 2.0
    Figure 2 adds the extrapolated adjustment to Figure 1’s term insurance illustration. Rather than drifting ... Statements Prepared in Accordance with U.S. GAAP ASOP 10’s section 3.3 (Best Estimate Assumptions) says ...

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    • Authors: Steven Malerich
    • Date: Dec 2017
    • Competency: Technical Skills & Analytical Problem Solving>Innovative solutions; Technical Skills & Analytical Problem Solving>Problem analysis and definition; Technical Skills & Analytical Problem Solving>Process and technique refinement
    • Publication Name: The Financial Reporter
    • Topics: Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]; Life Insurance>Reserves - Life Insurance
  • GAAP Targeted Opportunity
    old problem in a new way. TRUE UP FOR ACTUAL MORTALITY EXPERIENCE Figure 1 shows quarterly income for ... experience is performed only once each year and the mortality assumption is changed at the beginning of year ...

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    • Authors: Steven Malerich
    • Date: Jun 2018
    • Competency: Technical Skills & Analytical Problem Solving>Innovative solutions; Technical Skills & Analytical Problem Solving>Problem analysis and definition; Technical Skills & Analytical Problem Solving>Process and technique refinement
    • Publication Name: The Financial Reporter
    • Topics: Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]; Life Insurance>Reserves - Life Insurance