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2023-impact-session-1d
Given the rise in interest rates during 2022, explore the implications of increasing ... include: - Understand the impact of rising rates on dynamic lapse for FA and FIA products - Explanation ofin-force ...- Authors: Society of Actuaries
- Date: May 2024
- Topics: Annuities; Economics; Experience Studies & Data
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Embedded Volatility: Insight from Market Risk Benefit Roll-Forward
Embedded Volatility: Insight from Market Risk Benefit Roll-Forward In this article, we collected ... they fit perfectly, the market-traded static and dynamic hedge programs introduce cost by removing inherent ...- Authors: Su Su, Tina Guo, Yifeng Mu, Robert E Winawer
- Date: Nov 2023
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: The Financial Reporter
- Topics: Annuities; Financial Reporting & Accounting; Financial Reporting & Accounting>Fair value accounting; Financial Reporting & Accounting>Financial Accounting Standards Board [FASB]; Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]
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RILA GLWB Designs and Market Risk Analysis
assumptions for utilization of rider benefits and dynamic surrenders; profitability will vary if behavior ... strategies should consider other methods, such as dynamic hedging (e.g., as seen on traditional variable ...- Authors: Matthew Kevin Heaphy, Nicholas Carbo, David J Elliott
- Date: May 2023
- Competency: Results-Oriented Solutions; Technical Skills & Analytical Problem Solving
- Publication Name: Product Matters!
- Topics: Annuities; Annuities>Equity-indexed annuities; Annuities>Guaranteed living benefits; Modeling & Statistical Methods; Modeling & Statistical Methods>Sensitivity testing; Modeling & Statistical Methods>Stochastic models; Annuities>Deferred annuities; Annuities>Living / Death benefit riders
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2022-life-session-4f
Annuity experience studies. Discuss fixed annuity dynamic lapse experience and learn about cross impacts ... industry experience trends. - Comprehendindustry dynamic lapse experience for fixed and index annuity products ...- Authors: Society of Actuaries
- Date: Mar 2023
- Topics: Annuities; Experience Studies & Data
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2022-life-session-10a
Discuss policyholder behaviors that evolve throughout the life cycle of a typical ... industry-level policyholder behavior experience. - Form a dynamic view in the assumption setting. 23738 1018 3/31/2023 ...- Authors: Society of Actuaries
- Date: Mar 2023
- Topics: Annuities; Experience Studies & Data
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Overview of Nonguaranteed Elements (NGEs)
Overview of Nonguaranteed Elements (NGEs) Non-guaranteed elements are parameters of life insurance ... insurance. In its basic form, it incorporated a dynamic calculation of policy values based on premiums ...- Authors: David N Cook, Zohair Motiwalla, Karen Rudolph
- Date: Nov 2022
- Competency: External Forces & Industry Knowledge
- Topics: Annuities; Life Insurance
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Market Consistent Valuation of Fixed Indexed Annuity
Market Consistent Valuation of Fixed Indexed Annuity it discusses the framework and modeling of ... covering all possible risk variables, for SII. Dynamic policyholder behaviors are very relevant to FIA ...- Authors: Jing Fritz
- Date: Feb 2022
- Competency: Strategic Insight and Integration
- Publication Name: Risk Management
- Topics: Annuities; Annuities>Equity-indexed annuities; Annuities>Reserves - Annuities; Annuities>Product development - Annuities; Finance & Investments; Finance & Investments>Economic value
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2021 Life Meeting - Session 3C: Variable and Fixed Indexed Annuity - Policyholder Behavior Experience Update and Modeling 8.30.21 Recording
This session will present results of the most recent SOA/LIMRA studies of variable and ... expand. After that, the presenters will focus on dynamic lapse for hot money businesses, which is an important ...- Authors: Society of Actuaries
- Date: Aug 2021
- Competency: External Forces & Industry Knowledge
- Topics: Annuities; Economics; Enterprise Risk Management; Experience Studies & Data
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Non-Variable Annuity PBR and Statutory Reserving Updates
VM-21 requirements, with additional disclosure for dynamic assumptionsPolicyholder Behavior(Modeled Reserve) ... a similar business segment e) Dynamic Assumptions – Encourage dynamic assumption-setting and require ...- Authors: Christopher Conrad, Jason Kehrberg, John Miller
- Date: Aug 2020
- Competency: External Forces & Industry Knowledge
- Topics: Annuities; Annuities>Reserves - Annuities; Financial Reporting & Accounting; Financial Reporting & Accounting>Statutory accounting
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Variable Annuity Reserve and Capital Reforms: Key Implementation and Reporting Issues
the Valuation Manual. The hedge strategy may be dynamic, static or a combination thereof. The strategy ... prescribed assumptions • Aggregation permitted, no dynamic hedging • Companies can choose one of two approaches: ...- Authors: Yuan Tao, Parul Bhatia, Zohair Motiwalla
- Date: Aug 2020
- Competency: External Forces & Industry Knowledge
- Topics: Annuities; Annuities>Variable annuities
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Lessons Learned by VM-21 Early Adopters
Lessons Learned by VM-21 Early Adopters Hear from companies & consultants that early ... prescribed assumptions • Aggregation permitted, no dynamic hedging • Companies can choose one of two approaches: ...- Authors: Guillaume Briere-Giroux, Zohair Motiwalla, John B. Brady
- Date: Aug 2020
- Competency: External Forces & Industry Knowledge
- Topics: Annuities; Annuities>Capital - Annuities; Annuities>Reserves - Annuities
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IFRS 17 Implementation Considerations for Variable Annuity (VA) with a Focus on Hedging
GAAP • Rider features: Lifetime GMWB and GMDB • Dynamic lapse that vary by In-the-moneyness (ITM) • Annual ... Ratchet, reset, and rollup • Risk mitigation: dynamic hedging fair value liability • Daily Delta hedge ...- Authors: Joshua Dobiac, Yang Jing
- Date: Aug 2020
- Competency: External Forces & Industry Knowledge
- Topics: Annuities; Annuities>Variable annuities; Financial Reporting & Accounting; Financial Reporting & Accounting>International Financial Reporting Standards [IFRS]
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Pricing for Sparse Data
Pricing for Sparse Data While our ability to access and analyze large quantities of data is ... Comments 1 Policyholder behavior • Lapses and dynamic lapses – Risk of higher / lower lapses when option ...- Authors: Timothy S Paris, Andy Samuel King
- Date: May 2020
- Competency: Technical Skills & Analytical Problem Solving
- Topics: Annuities; Annuities>Variable annuities; Experience Studies & Data; Experience Studies & Data>Policyholder or participant behavior - Experience
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PBR Impacts to Annuities
further, additional sensitivity testing around dynamic assumptions, remainder TBD. 7-11 – Liability Assumptions ... conditions if using static assumptions or one-sided dynamic assumptions c) Non-Guaranteed Elements (NGEs) ...- Authors: Yuan Tao, Joshua Chee, Albert Zlogar
- Date: May 2020
- Competency: External Forces & Industry Knowledge
- Topics: Annuities; Annuities>Equity-indexed annuities; Financial Reporting & Accounting>Statutory accounting
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FIA and Structured Annuities Product Development: The Latest Update
FIA and Structured Annuities Product Development: The Latest Update The presenters will review ... such as S&P 500. • Some companies may use dynamic hedging strategy similar to VA (where index futures ...- Authors: Nicholas Carbo, Jee Shen
- Date: May 2020
- Competency: External Forces & Industry Knowledge
- Topics: Annuities; Annuities>Equity-indexed annuities; Annuities>Product development - Annuities
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Session 134: How to Get Real Results in Policyholder Behavior Modeling
channels, option values, rationality, static vs dynamic Required sensitivity testing, with margins inversely ... Excess WDs Less than or full WDs 53 53 …and dynamic lapse sensitivity varies 0% 35% 3Q 09 3Q 10 ...- Authors: Rosmery Cruz, Timothy S Paris
- Date: Feb 2020
- Competency: External Forces & Industry Knowledge
- Topics: Annuities; Annuities>Policyholder behavior - Annuities; Experience Studies & Data>Policyholder or participant behavior - Experience
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Results From VA Assumptions Survey
Results From VA Assumptions Survey The article shared results from a survey conducted in May of best-estimate ... the behavior expected from policyholders in a dynamic and volatile economic environment. 12/20/2019 ...- Authors: Zhuoyu Hu, Michael Beck, David W McLeroy
- Date: Dec 2019
- Competency: External Forces & Industry Knowledge
- Publication Name: The Financial Reporter
- Topics: Annuities
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Lessons Learned – A Risk Perspective
benefit value. • Natural hedge instruments. • Dynamic hedging is highly effective. GLWB • Equity-contingent ... hedge instruments. • Convexity and cross limit dynamic hedge effectiveness. Lesson 3 Complex products ...- Authors: Daniel D Heyer
- Date: Nov 2019
- Competency: External Forces & Industry Knowledge; Results-Oriented Solutions; Strategic Insight and Integration; Technical Skills & Analytical Problem Solving
- Topics: Annuities; Annuities>Equity-indexed annuities; Annuities>Fixed annuities; Annuities>Variable annuities; Pensions & Retirement>Risk management
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Policyholder Behavior Experience Data and Modeling
interactions with capital markets risks • Complex and dynamic data • Data sparsity, especially at the company ... channels, option values, rationality, static vs dynamic Required sensitivity testing, with margins inversely ...- Authors: Timothy S Paris
- Date: Nov 2019
- Competency: External Forces & Industry Knowledge; Results-Oriented Solutions; Strategic Insight and Integration; Technical Skills & Analytical Problem Solving
- Topics: Annuities; Annuities>Capital - Annuities; Annuities>Fixed annuities; Annuities>Individual annuities; Annuities>Variable annuities; Pensions & Retirement>Risk management; Annuities>Deferred annuities
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Dynamic v. Static Replication
Dynamic v. Static Replication The speakers will discuss the replication of long-term options, including ...- Authors: Joshua Dobiac, Jeff Greco, Hyunsu Kim FSA,MAAA (Hyunsu)
- Date: Oct 2019
- Competency: External Forces & Industry Knowledge; Results-Oriented Solutions; Strategic Insight and Integration; Technical Skills & Analytical Problem Solving
- Topics: Annuities; Enterprise Risk Management
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VA Hedging Strategies Under New AG 43/VM-21 and C2 PII
will be compared, including explicit dynamic hedge and implicit dynamic hedge. The speakers will also touch ... impact of rebalance frequency on the performance of dynamic hedge. Case studies will be presented to provide ...- Authors: Tao Wang ASA,MAAA , Jerry Mao FSA,FCIA,MAAA (Jerry)
- Date: Oct 2019
- Competency: External Forces & Industry Knowledge; Results-Oriented Solutions; Strategic Insight and Integration; Technical Skills & Analytical Problem Solving
- Topics: Annuities; Annuities>Equity-indexed annuities; Annuities>Fixed annuities; Annuities>Variable annuities; Enterprise Risk Management
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Summary of Risk Management Research on Policyholder Behavior in the Tail Survey
Summary of Risk Management Research on Policyholder Behavior in the Tail Survey Summary of recent ... included sensitivity to mortality, expenses and the dynamic lapse assumption (Figure 3). MAY 2019 RISK ...- Authors: Jeffrey Hartman
- Date: Jun 2019
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Risk Management
- Topics: Annuities; Enterprise Risk Management>Capital management - ERM; Enterprise Risk Management>Risk measurement - ERM
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pd-2019-05-las-session-049.pdf
Hedging – Considerations • What’s being hedged ? • Dynamic vs. static hedging • Active vs. passive hedging ... Generally higher at longer tenors • “Base” dynamic behavior • Alternative policyholder behavior ...- Date: Jun 2019
- Competency: Technical Skills & Analytical Problem Solving
- Topics: Annuities; Finance & Investments
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Session 61: Latest Thoughts on Use of Economic Scenario Generators
Session 61: Latest Thoughts on Use of Economic Scenario Generators The academy generator is now ... Historical Projected Projected MRP (3.5%) The dynamic MRP is a compromise between balancing historical ...- Authors: Hal Warren Pedersen, Matthew Zhang, Daniel Schobel
- Date: Jun 2019
- Competency: Technical Skills & Analytical Problem Solving
- Topics: Annuities
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Session 05: Market Discussion on Interest Rates and Market
Session 05: Market Discussion on Interest Rates and Market Multiple perspectives will be provided ... music is playing….” » Dynamic, cycle-sensitive risk appetite framework » Dynamic and cycle-sensitive ...- Date: Jun 2019
- Competency: Strategic Insight and Integration
- Topics: Annuities
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Session 15: The Science Behind a Successful Retirement
Session 15: The Science Behind a Successful Retirement Through much of the Baby Boomer ... Policyholder behavior • GLWB utilization • Lapses and dynamic lapses Statutory reserves • Correct calculation ...- Authors: Nicholas Carbo, Joshua Chee, Douglas Robbins
- Date: May 2019
- Competency: Technical Skills & Analytical Problem Solving
- Topics: Annuities
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2018-09-product-tax-seminar-boot-camp-presentations
2018-09-product-tax-seminar-boot-camp-presentations The Society of Actuaries are once ... Ongoing compliance with IRC Section 7702 and 7702A is a dynamic process • Automated procedures are a necessity ...- Authors: Society of Actuaries
- Date: Sep 2018
- Competency: External Forces & Industry Knowledge; Technical Skills & Analytical Problem Solving
- Topics: Annuities; Financial Reporting & Accounting; Life Insurance
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Predictive Modeling for Life Insurance Ways Life Insurers Can Participate in the Business Analytics Revolution
Predictive Modeling for Life Insurance Ways Life Insurers Can Participate in the Business ... consider how using it to assess the health risk of a dynamic pop- ulation of new applicants may result in anti- ...- Authors: Chris E Stehno, James Guszcza
- Date: Jun 2018
- Competency: External Forces & Industry Knowledge
- Publication Name: Product Matters!
- Topics: Annuities; Life Insurance
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Hedging variable annuities: portfolio rebalancing frequency
the last decade, many insurers have implemented dynamic hedging pro-grams to defend against market risks ... the last decade, many insurers have implemented dynamic hedging programs to defend against market risks ...- Authors: Maciej Augustyniak, Mathieu Boudreault
- Date: Feb 2018
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Risks & Rewards
- Topics: Annuities
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Small Talk
interest KRD reflects the impact of both dynamic lapse and dynamic GLIB utilization in response to interest ... desirable to separate out the impact of dynamic lapse and dynamic GLIB utilization from the in- terest KRD ...- Authors: Society of Actuaries
- Date: Mar 2016
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; External Forces & Industry Knowledge>External forces and business performance; External Forces & Industry Knowledge>Internal forces and business performance; Leadership>Influence; Leadership>Professional network leverage; Leadership>Thought leadership; Relationship Management>Relationships and trust; Relationship Management>Staff management and motivation; Relationship Management>Team leadership; Strategic Insight and Integration>Big picture view; Strategic Insight and Integration>Influence decisions; Technical Skills & Analytical Problem Solving>Incorporate risk management; Technical Skills & Analytical Problem Solving>Innovative solutions
- Publication Name: Small Talk
- Topics: Actuarial Profession>Best practices; Actuarial Profession>Professional development; Annuities; Enterprise Risk Management>Risk measurement - ERM; Enterprise Risk Management>Strategic risks; Life Insurance>Reserves - Life Insurance; Public Policy
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Modeling of Policyholder Behavior for Life Insurance and Annuity Products - A Survey and Literature Review
Modeling of Policyholder Behavior for Life Insurance and Annuity Products - A Survey and ... policyholder behavior assumptions including the use of dynamic modeling approaches. The research team surveyed ...- Authors: PwC, Lucian Lombardi, Marianne C Purushotham
- Date: May 2014
- Competency: External Forces & Industry Knowledge
- Topics: Annuities; Life Insurance
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PLR 201120011 Highlights the Need for SEPP Guidance on Annuities
PLR 201120011 Highlights the Need for SEPP Guidance on Annuities Owners of nonqualified ... considerations is recom- mended when companies perform dynamic capital adequacy and stress testing. MANAGEMENT ...- Authors: Mark E Griffin
- Date: Feb 2012
- Competency: External Forces & Industry Knowledge
- Publication Name: Taxing Times
- Topics: Annuities; Public Policy
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Implications of the Perceptions of Post Retirement Risk for the Life Insurance Industry: Inside Track Marketing Opportunity, But Requiring Focused Retooling
Implications of the Perceptions of Post Retirement Risk for the Life Insurance Industry: ... projections. Home Equity and At-Need Annuities–A Dynamic Long-Term Care Funding Duo on the other hand shows ...- Authors: Steve Cooperstein
- Date: Mar 2011
- Competency: External Forces & Industry Knowledge>External forces and business performance
- Topics: Annuities; Annuities>Marketing and distribution - Annuities; Economics>Behavioral economics; Life Insurance>Marketing and distribution - Life Insurance; Long-term Care
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Revisiting Pension Actuarial Science: A Five-Part Series – Part 1, Fair Value of the Liability – The Contractual Benefit Obligation
Revisiting Pension Actuarial Science: A Five-Part Series – Part 1, Fair Value of the Liability ... financial instruments’ static contract terms) is the dynamic nature of the pension payoff promises as they ...- Authors: James Rizzo, Krzysztof Ostaszewski, Piotr Krekora
- Date: Jun 2010
- Competency: Technical Skills & Analytical Problem Solving>Process and technique refinement
- Topics: Annuities; Pensions & Retirement>Assumptions and methods; Pensions & Retirement>Public sector plans; Pensions & Retirement>Risk management
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Chairperson’s Corner PD Section Rings In The New Year
Chairperson’s Corner PD Section Rings In The New Year New chairperson’s column discussing his ... the world of distribution—all of which are very dynamic as we begin 2010! My goal for the coming year ...- Authors: John Currier
- Date: Feb 2010
- Competency: External Forces & Industry Knowledge
- Publication Name: Product Matters!
- Topics: Annuities; Life Insurance
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Diversification Benefits of the Variable Annuities and Equity-Indexed Annuities Mixture
classes respectively. Taking into account mortality and dynamic lapse risk, we build a model that quantifies ... Hardy (2003) offered risk‐neutral pricing and dynamic hedging analyses on VAs. Milevsky analyzed VA ...- Authors: Guanghua Cao
- Date: Apr 2006
- Competency: Technical Skills & Analytical Problem Solving
- Topics: Annuities; Enterprise Risk Management
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Annuity Risk-Management Seminar. NAIC C3 Phase II Implications for RBC and Reserves
static or dynamic. Static would be the same assumption across all of your scenarios. Dynamic would be ... within one year, and there’s a limited credit for dynamic hedging. The statutory reserve is pretty much the ...- Authors: John M O'Sullivan, Peter H Sun, Keith E Floman
- Date: May 2005
- Competency: Technical Skills & Analytical Problem Solving>Incorporate risk management
- Publication Name: Record of the Society of Actuaries
- Topics: Annuities; Enterprise Risk Management>Capital management - ERM
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Annuity Risk Management Seminar: Annuity Risk Management - Overview
Annuity Risk Management Seminar: Annuity Risk Management - Overview Presented at May 2005 Spring ... for annuity risk management in a changing and dynamic economic environment also are presented. Each ...- Authors: Francis Sabatini, Narayan S Shankar
- Date: May 2005
- Competency: Technical Skills & Analytical Problem Solving>Incorporate risk management
- Publication Name: Record of the Society of Actuaries
- Topics: Annuities; Enterprise Risk Management>Financial management
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Hot Topics in Fixed Annuities
what you should use for mortality assumption. Dynamic or excess lapse is very difficult because it is ... distribution systems and you are using only one dynamic lapse assumption, you might want to take a second ...- Authors: Brent Mardis, Douglas Robbins, David Weinsier
- Date: May 2005
- Competency: External Forces & Industry Knowledge
- Publication Name: Record of the Society of Actuaries
- Topics: Annuities
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Guaranteed Annuity Options or a Fine Mess
Guaranteed Annuity Options or a Fine Mess This article discusses the problems created ... representation of the process is required for the dynamic hedge. For the dynamics of the interest rate process ...- Authors: Mary Hardy
- Date: Nov 2004
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Risk Management
- Topics: Annuities; Global Perspectives
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Interest Rates Are On The Move: Is Your Company Prepared?
appropriately, you're going to have to set up for some dynamic assumptions on these products. Let’s go back to ... all the time, and we help companies set up their dynamic assumptions. We came up with the following formula: ...- Authors: Henry M McMillan, Ross Bowen, David Weinsier
- Date: May 2003
- Competency: External Forces & Industry Knowledge; Technical Skills & Analytical Problem Solving
- Publication Name: Record of the Society of Actuaries
- Topics: Annuities; Finance & Investments; Life Insurance
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Improving the Product Development Process
life insurance product environment is definitely dynamic and changing. There are different products and ... was away from variable products, it's a very dynamic and changing industry and there is very intense ...- Authors: Kelly A Levy, Paul Myers, Philip Ferrari
- Date: May 2003
- Competency: External Forces & Industry Knowledge
- Publication Name: Record of the Society of Actuaries
- Topics: Annuities; Life Insurance
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The Standard Nonforfeiture Law: Impact of Proposed Changes
The Standard Nonforfeiture Law: Impact of Proposed Changes Panelists at this session of the SOA 2003 ... did undergo a significant change in 1981, when dynamic interest was brought into the picture. The ...- Authors: Application Administrator, Eric Carlson
- Date: May 2003
- Competency: External Forces & Industry Knowledge
- Publication Name: Record of the Society of Actuaries
- Topics: Annuities; Life Insurance>Non-forfeiture benefits
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Dynamically Hedging Insurance Product Risk
Dynamically Hedging Insurance Product Risk Dynamically Hedging Insurance Product Risk by Marshall ... Rewards Newsletter, April 2000, Issue No. 34. A dynamic hedging program cab be an effective solution to ...- Authors: Marshall C Greenbaum
- Date: Apr 2000
- Competency: External Forces & Industry Knowledge>External forces and business performance
- Publication Name: Risks & Rewards
- Topics: Annuities; Finance & Investments>Portfolio management - Finance & Investments
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Impact of Regulatory Uncertainty on Product Innovation
Impact of Regulatory Uncertainty on Product Innovation From session 63 PD at the Spring regional ... what needs to be in the report. It’s basically a dynamic analysis of the company’s ability to carry out ...- Authors: Timothy Pfeifer, James Van Elsen, Robert E Wilcox
- Date: May 1999
- Competency: External Forces & Industry Knowledge
- Publication Name: Record of the Society of Actuaries
- Topics: Annuities; Life Insurance; Public Policy
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Cash-Flow Testing Issues for Equity-Indexed and Variable Products
by no means an easy thing to replicate. Your dynamic hedging strategy should at least delta match the ... as we described earlier. You want to consider dynamic strategies, although they are more difficult ...- Authors: Application Administrator, Alan Downey, Larry M Gorski
- Date: May 1999
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Record of the Society of Actuaries
- Topics: Annuities; Financial Reporting & Accounting
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Life Insurance Firms in the Retirement Market: Is the News All Bad?
However, the decidedly upward drift conceals a dynamic shift in the makeup of this sector. As Table 3 ... reserves of annuity contracts and shows a similar dynamic. Assets and reserves in 1980 were $140.42 billion ...- Authors: PAUL HOFFMAN, Anthony M Santomero
- Date: Oct 1998
- Competency: External Forces & Industry Knowledge>External forces and business performance
- Publication Name: Product Matters!
- Topics: Annuities; Pensions & Retirement; Pensions & Retirement>Defined benefit plans; Public Policy
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Deferred Annuity Modeling Issues
rates stayed level or went down. It's the same dynamic; the question is, how do you define it? Equity ... when it's 50%/50%. The model should also have dynamic lapse and transfer. You must factor in the fact ...- Authors: Meredith Ratajczak, Francis Sabatini
- Date: Sep 1998
- Competency: Technical Skills & Analytical Problem Solving
- Topics: Annuities; Modeling & Statistical Methods
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Advanced Topics in Annuity Modeling
representative nonlevel scenarios to test the various dynamic elements of the model. Look at whether the crediting ... this -- the base lapse rate and, of course, the dynamic element. Both of these are extremely important ...- Authors: Francis Sabatini, Peter Tilley, Russell Osborn
- Date: Sep 1997
- Competency: Technical Skills & Analytical Problem Solving
- Topics: Annuities; Modeling & Statistical Methods
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What's Next for Annuities?
What's Next for Annuities? Presented at October 1996 Annual Meeting. The panelists ... right decision or not. I do not think that basic dynamic is going to change regardless of how much information ...- Authors: Thomas J Mitchell, Timothy Pfeifer, Timothy J Ruark, Inger Harrington, Michael Winterfield
- Date: Oct 1996
- Competency: External Forces & Industry Knowledge>Internal forces and business performance; Strategic Insight and Integration>Strategy development
- Publication Name: Record of the Society of Actuaries
- Topics: Annuities
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Current Topics in Annuity Financial Reporting
of guaranteed benefits. Second, a structure of dynamic valuation interest rates was put into place to ... Reporting 23 Mr. Harrington: It has to be a dynamic calculation in the program. Mr. Robinson: Yes ...- Authors: Thomas Campbell, Errol Cramer, John Harrington
- Date: May 1996
- Competency: External Forces & Industry Knowledge>External forces and business performance
- Publication Name: Record of the Society of Actuaries
- Topics: Annuities; Financial Reporting & Accounting; Financial Reporting & Accounting>Statutory accounting
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Practical Illustrations and Non-Forfeiture Values
Practical Illustrations and Non-Forfeiture Values this session from the 1995 SOA New Orleans ... guideline premium limitation rules are really dynamic enough to withstand low interest rates. MR. NEEVES: ...- Authors: Keith E Gant, Walter Neeves
- Date: Apr 1995
- Competency: External Forces & Industry Knowledge
- Publication Name: Record of the Society of Actuaries
- Topics: Annuities; Life Insurance>Non-forfeiture benefits
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Letters to the National Association of Insurance Commissioners Life/Health Actuarial Task Force Regarding the Development of the New Annuity Non-Forfeiture Law
risk management is cr i t ical in the current dynamic and volati le interest rate environment. The attached ... actuarial exams. In the 1970 and early 1980's, a dynamic interest environment develop=.. widely available ...- Authors: Roger K Wiard-Bauer
- Date: Jan 1993
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Actuarial Research Clearing House
- Topics: Annuities
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Product Management
Product Management 1992 SOA Regional Meeting, Anaheim. This session addressed the product management ... to market fast enough? - SetlJngassumptions - Dynamic budgeting models (breakdownanalysis) • Project ...- Authors: John Hele, Anne Katcher, Alastair G Longley-Cook, Steven Schreiber, John F Bevacqua
- Date: Jun 1992
- Competency: Strategic Insight and Integration
- Publication Name: Record of the Society of Actuaries
- Topics: Annuities; Health & Disability>Health insurance; Life Insurance
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Annuity Product Development Update
particular product line, We'll talk later about dynamic interest-crediting strategy, which I believe can ... somewhat reduce the profitability gap. What I mean by dynamic interest-crediting strategy is a strategy other ...- Authors: William Britton, Edward F McKernan, Philip Polkinghorn, Michael Winterfield
- Date: May 1991
- Competency: External Forces & Industry Knowledge
- Publication Name: Record of the Society of Actuaries
- Topics: Annuities
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Annuity Product Development Update
the dynamic valuation law, the expectation for 1990 is that we'll wind up with 6.5- 6.75% dynamic rates ... a product that has less risk with it, the same dynamic valuation law often will give you opportunities ...- Authors: Douglas Doll, John Fenton, Paul H LeFevre, Michael Winterfield
- Date: Jun 1990
- Competency: External Forces & Industry Knowledge
- Publication Name: Record of the Society of Actuaries
- Topics: Annuities
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Single Premium Life and Annuity Products
Single Premium Life and Annuity Products This session discussion is about market developments, ... certainly might be the case. As an example of the dynamic growth of the single premium products within thc ...- Authors: Douglas French, Patricia Guinn, Paul H LeFevre, Michael Winterfield
- Date: Oct 1987
- Competency: External Forces & Industry Knowledge
- Publication Name: Record of the Society of Actuaries
- Topics: Annuities; Life Insurance
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New York's Regulation 126 - 13 Commonly Asked Questions
New York's Regulation 126 - 13 Commonly Asked Questions New York’s Regulation 126 effectively ... companies to use the highest rates under the dynamic valuation law for annuity and GIG business, but ...- Authors: Donna Claire
- Date: May 1987
- Competency: External Forces & Industry Knowledge
- Publication Name: The Actuary Magazine
- Topics: Annuities; Financial Reporting & Accounting
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Accounting For Interest-Sensitive Products
interest. The amortization schedule should be dynamic and be made sensitive to the actual termination ... There are some difficult things however. GAAP is dynamic. You are supposed to look at the appropriateness ...- Authors: B F Dunn, Charles D Friedstat, Daniel J Kunesh, Linda S Need
- Date: May 1986
- Competency: External Forces & Industry Knowledge>External forces and business performance
- Publication Name: Record of the Society of Actuaries
- Topics: Annuities; Financial Reporting & Accounting; Life Insurance>Universal life
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Deferred Annuities
Deferred Annuities This session discussion: Product design, Risks and how to deal with them, Special ... MR. LE FEVRE: The last decade has been one of dynamic change in the annuity business. We have seen: ...- Authors: Arthur V Anderson, Christian J DesRochers, Donna Claire, Application Administrator, Paul H LeFevre
- Date: Apr 1985
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Record of the Society of Actuaries
- Topics: Annuities
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Rear End Loaded Products
Rear End Loaded Products This session from the 1984 SOA Toronto Meeting discusses rear end ... happens. MR. DEPALO: Nonforfeiture laws now allow a dynamic interest rate to raise the guaranteed interest ...- Authors: Dennis Carr, James Glickman, Harold G Ingraham, Gregory J Kaiser, William Schnaer
- Date: Oct 1984
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Record of the Society of Actuaries
- Topics: Annuities; Life Insurance
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Dividend Philosophy
Dividend Philosophy This session from the 1984 SOA Salt Lake City Meeting discusses the latest ... mechanisms for disclosure, and so on. It's a dynamic process. The fact that the Society Committee is ...- Authors: James W Kemble, Walter N Miller, John W Tomlinson
- Date: May 1984
- Competency: External Forces & Industry Knowledge
- Publication Name: Record of the Society of Actuaries
- Topics: Annuities; Life Insurance; Public Policy
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Annuities For Individuals
the last year or two has been the changes in the dynamic ANNUITIES FOR INDIVIDUALS 149 valuation law ... there still is a sizable reserve strain under the dynamic valuation law in offering longer guarantees, it ...- Authors: Bruce L Caldwell, Brian F Dunn, Jay Jaffe, John Vieren, Michael Winterfield
- Date: Apr 1984
- Competency: External Forces & Industry Knowledge
- Publication Name: Record of the Society of Actuaries
- Topics: Annuities
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Dividends And Other Non-Guaranteed Elements In Individual Life Insurance And Annuities
Dividends And Other Non-Guaranteed Elements In Individual Life Insurance And Annuities This ... " My personal reaction is that we're in such a dynamic situation that there are probably a number of areas ...- Authors: Richard S Miller, Walter N Miller, Harry D. Garber
- Date: Oct 1982
- Competency: External Forces & Industry Knowledge
- Publication Name: Record of the Society of Actuaries
- Topics: Annuities; Life Insurance
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Implementation Of The 1980 Amendments To The Standard Valuation And Non-Forfeiture Laws
mortality factors associated with them, and also the dynamic feature of the interest rates requires a greatly ... reluctance to be the first to enact the new "dynamic" interest rate changes. New Mexico, the first state ...- Authors: William Carroll, John O Montgomery, Godfrey Perrott, William T Tozer
- Date: Oct 1982
- Competency: External Forces & Industry Knowledge
- Publication Name: Record of the Society of Actuaries
- Topics: Annuities; Financial Reporting & Accounting; Life Insurance
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Projected Annuity/Pension Mortality
Commissioners Annuity Reserve Method is certainly a dynamic subject. Whatever answers or conclusions that we ... NAIC became concerned with the passing of the dynamic valuation law. As Jay was saying, much of the interest ...- Authors: Paul H Jackson, Jay Jaffe, Robert J Johansen, Robert McClester
- Date: Oct 1982
- Competency: External Forces & Industry Knowledge
- Publication Name: Record of the Society of Actuaries
- Topics: Annuities; Pensions & Retirement
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Individual Life Insurance Product Design Under Conditions of Inflation
investment alternatives. b. Cash management account. c. Dynamic actuarial assumptions. d. Policy loans, nonforfeiture ... possibilities with more significance internally: a. Dynamic actuarial assumptions - In a relatively stable ...- Authors: Allan Affleck, Charles L Edris, Wilfred A Kraegel, Alan C Snyder
- Date: Apr 1982
- Competency: External Forces & Industry Knowledge>External forces and business performance; Strategic Insight and Integration
- Publication Name: Record of the Society of Actuaries
- Topics: Annuities; Life Insurance; Public Policy
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Nonforfeiture and Valuation Concerns in the 1980's
membership is basically in two parts: One part is the dynamic interest rate and the other part is deemed or conjecturized ... the ACLI release of M_rch 21 which includes the dynamic proposal as well. NONFORFEITURE AND VALUATION ...- Authors: John C Angle, Ardian Gill, Richard S Miller, William K. Nicol
- Date: Apr 1980
- Competency: External Forces & Industry Knowledge; Technical Skills & Analytical Problem Solving
- Publication Name: Record of the Society of Actuaries
- Topics: Annuities; Financial Reporting & Accounting>Statutory accounting; Life Insurance; Public Policy