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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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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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Life and Annuity Valuation Issues
Life and Annuity Valuation Issues This session at the 2004 Valuation Actuary Symposium provides ... this new law. The first one was that it created a dynamic minimum nonforfeiture interest rate. The minimum ...- Authors: Thomas Campbell, Meredith Ratajczak, Kory Olsen
- Date: Sep 2004
- Competency: External Forces & Industry Knowledge; Technical Skills & Analytical Problem Solving
- Topics: Annuities>Reserves - Annuities; Life Insurance>Reserves - Life Insurance
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Minimum Guaranteed Benefits on Variable Annuities
Minimum Guaranteed Benefits on Variable Annuities 2003 Valuation Actuary Symposium, San Diego, ... in years 10 and forward. It assumes dynamic lapses. A dynamic lapse multiplier times the base rate is ...- Authors: James W Lamson, John M O'Sullivan, Timothy Hill
- Date: Sep 2003
- Competency: Technical Skills & Analytical Problem Solving
- Topics: Annuities>Reserves - Annuities; Annuities>Variable annuities; Public Policy
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Life and Annuity Valuation Issues
second. But for now, the valuation rate is a dynamic rate, and it's based on a formula in the standard ... annuities and other annuities. They have different dynamic functions than life insurance, and those rates ...- Authors: Donna Claire, Meredith Ratajczak, Paul Skalecki
- Date: Sep 2003
- Competency: Technical Skills & Analytical Problem Solving
- Topics: Annuities>Reserves - Annuities; Annuities>Variable annuities; Life Insurance>Reserves - Life Insurance; Life Insurance>Non-forfeiture benefits
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Complex Liability Modeling Issues
by these products • Selecting realistic dynamic assumptions • Techniques used in modeling ... communicate risks Antiselection;Deferred annuities;Dynamic simulation models;Equity-indexed annuities;Financial ...- Authors: Application Administrator, Thomas J Mitchell, John M O'Sullivan, Joseph M Rafson
- Date: Nov 2001
- Competency: Communication; External Forces & Industry Knowledge>Actuarial methods in business operations; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Topics: Annuities>Pricing - Annuities; Annuities>Reserves - Annuities; Annuities>Variable annuities; Finance & Investments>Asset liability management; Modeling & Statistical Methods
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Valuing Guaranteed Minimum Death and Maturity Benefits: U.S. and Canadian Perspectives
capital resiliency testing, dynamic financial analysis (DFA) or dynamic capital adequacy testing (DCAT) ... by scenario. Normally, this means some sort of dynamic behavior, and I’ll give one approach here that ...- Authors: Simon Curtis, Daniel P MacKenzie, Geoffrey Hancock, Charles Dana Tatro
- Date: Jun 2001
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Record of the Society of Actuaries
- Topics: Annuities>Reserves - Annuities
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The Valuation Actuary – 1992 Developments
The Valuation Actuary – 1992 Developments Panelists discuss many developments over the year ... adopted amendments to the SVL that provided for dynamic maximum valuation interest rates to be used with ...- Authors: John S Bath, Application Administrator, J Duran, Marc Pitoniak
- Date: Jan 1992
- Competency: External Forces & Industry Knowledge
- Topics: Annuities>Reserves - Annuities; Financial Reporting & Accounting; Life Insurance>Reserves - Life Insurance; Reinsurance
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The Valuation Actuary – 1991 Developments
assumptions that can be made, e.g., for the dynamic lapse factor, which would be equally accurate ... first policy year, grading up 0.5% thereafter. A dynamic lapse formula was determined as follows: Base ...- Authors: Douglas Doll, Donna Claire, Steven A Smith, Sheldon Summers, William T Bryan
- Date: Jan 1991
- Competency: External Forces & Industry Knowledge
- Topics: Annuities>Reserves - Annuities; Financial Reporting & Accounting>Statutory accounting; Life Insurance>Reserves - Life Insurance
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Modeling: Basic Training
business which may generate large claim reserves, dynamic assumptions for lapses, policy persistency and ... that illustrate the importance of modeling using dynamic assumptions. Liability assnmption development ...- Authors: Arnold Dicke, Meredith Ratajczak
- Date: Jan 1991
- Competency: Technical Skills & Analytical Problem Solving
- Topics: Annuities>Reserves - Annuities; Health & Disability>Health insurance; Life Insurance>Reserves - Life Insurance; Modeling & Statistical Methods>Asset modeling; Modeling & Statistical Methods>Stochastic models
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Interrelationship Between Statutory Formula Reserves and Valuation Actuary Reserves
Interrelationship Between Statutory Formula Reserves and Valuation Actuary Reserves 1988 ... reserves needed? I don't think the writers of the dynamic valuation law contemplated structured settlements ...- Authors: Steven A Smith
- Date: Jan 1988
- Competency: Technical Skills & Analytical Problem Solving
- Topics: Annuities>Reserves - Annuities; Public Policy
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Summary of Current and Future Regulatory Requirements
, the Techn ica l Advisory Commit tee on Dynamic In teres t and Re la ted Mat ters to the NAIC ... Subcommit tee s tated , The ACLI's proposed dynamic law would not change the basic exist ing legal ...- Authors: John K Booth, Robert M Hammond
- Date: Oct 1986
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations
- Topics: Actuarial Profession>Code of Conduct; Actuarial Profession>Qualifications; Actuarial Profession>Standards of practice; Annuities>Reserves - Annuities; Financial Reporting & Accounting>Statutory accounting; Life Insurance>Reserves - Life Insurance; Public Policy
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Implications of Proposed Revisions of the Standard Valuation and Nonforfeiture Laws
standards. Very briefly, the proposal is for a dynamic valuation structure, where the maximum interest ... certain basic principles for implementing the dynamic valuation proposal. One subtlety is not covered ...- Authors: Robert M Chmely, Charles Greeley, Richard Minck, John O Montgomery
- Date: Oct 1977
- Competency: External Forces & Industry Knowledge; Technical Skills & Analytical Problem Solving
- Publication Name: Record of the Society of Actuaries
- Topics: Annuities>Reserves - Annuities; Life Insurance>Reserves - Life Insurance; Pensions & Retirement; Pensions & Retirement>Pension legislation and regulation; Public Policy