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Leveraging X-factor Testing Techniques in Developing Mortality Assumptions for VM-20
Leveraging X-factor Testing Techniques in Developing Mortality Assumptions for VM-20 VM-20 requires prudent ... consider the prescribed margins to be adequate. Mortality assumption;Principles-based reserves=PBR;Statistical ...- Authors: Ying Zhao, Jeffrey Lortie
- Date: Mar 2018
- Competency: Technical Skills & Analytical Problem Solving>Problem analysis and definition
- Publication Name: The Financial Reporter
- Topics: Life Insurance>Reserves - Life Insurance
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PBR Corner
PBR Corner Mortality Credibility and its use within VM-20. Credibility theory;Mortality;Principle-based ...- Authors: Karen Rudolph, Ruijuan Wang
- Date: Jun 2016
- Competency: Leadership>Influence; Technical Skills & Analytical Problem Solving>Problem analysis and definition; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: The Financial Reporter
- Topics: Experience Studies & Data>Mortality; Life Insurance>Reserves - Life Insurance; Life Insurance>Term life; Life Insurance>Universal life
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Aristotle Was Wrong: or Formulas vs. Actuarial Judgment
Aristotle Was Wrong: or Formulas vs. Actuarial Judgment Under non-Aristotelian logic, ... restrictive formula methods or safe harbors. Annuity reserves;Life reserves;Principles-based reserves=PBR;Risk-based ...- Authors: Carol A Marler
- Date: Mar 2005
- Competency: External Forces & Industry Knowledge>Actuarial theory in business context; Technical Skills & Analytical Problem Solving>Problem analysis and definition
- Publication Name: The Financial Reporter
- Topics: Finance & Investments>Risk measurement - Finance & Investments; Financial Reporting & Accounting>Statutory accounting; Life Insurance>Reserves - Life Insurance; Life Insurance>Capital - Life Insurance; Public Policy
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GAAP Targeted Improvements—Illustrated Term Insurance Earnings
decision-making pro-cess for targeted improvements to U.S. GAAP for long-duration insurance contracts, the ... expected under original best estimate assumptions. Table 1 Expected Income Statement Current Improved Difference ...- Authors: Steven Malerich
- Date: Sep 2016
- Competency: Professional Values>Practice expertise; Strategic Insight and Integration>Big picture view; Technical Skills & Analytical Problem Solving>Problem analysis and definition
- Publication Name: The Financial Reporter
- Topics: Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]; Life Insurance>Reserves - Life Insurance; Life Insurance>Term life
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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 ...- 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
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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 ...- 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
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Considerations for Indexed Universal Life under PBR
which is believed to be an unintended result. In Table 1, a profit measure is presented for each scenario ... increased crediting rate seen after policy year 20. Table 1 Profit Measure Percentile of SR scenarios PV ...- Authors: Ye Yang, Erzhe Zhang, Nicholas Dunn
- Date: Dec 2017
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; External Forces & Industry Knowledge>Actuarial theory in business context; Professional Values>Practice expertise; Strategic Insight and Integration>Strategy development; 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>Statutory accounting; Life Insurance>Pricing - Life Insurance; Life Insurance>Reserves - Life Insurance; Life Insurance>Secondary guarantees; Life Insurance>Product development - Life Insurance; Life Insurance>Universal life
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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 ...- 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
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Unlocking of Traditional Contract Assumptions
of change depend on the method used as shown in Table 1. In the absence of constraints (not considered ... considered in this short article), we can see in Table 1 the fundamental characteristics of the prospective ...- Authors: Steven Malerich
- Date: Mar 2017
- Competency: Technical Skills & Analytical Problem Solving>Problem analysis and definition
- Publication Name: The Financial Reporter
- Topics: Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]; Life Insurance>Reserves - Life Insurance
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GAAP Targeted Improvements—Retrospective Noise
and after an assumption change. Adverse Early Mortality Experience In Chart 1, adverse experience begins ... matches the original assumption. The select mortality assumption is changed in year five. Prior to ...- Authors: Steven Malerich
- Date: Sep 2017
- Competency: Technical Skills & Analytical Problem Solving>Problem analysis and definition
- Publication Name: The Financial Reporter
- Topics: Life Insurance>Reserves - Life Insurance