Description: In this article, a numerical comparison of two commonly used FIA valuation methodologies is conducted to help insurers decide on the best methodology to use under GAAP LDTI and VM-22. We compared two modeling approaches to project the future index credits with the annual point-to-point crediting formula: Tthe stochastic equity crediting model and the deterministic option budget crediting model. The analysis is then extended to different levels of option budgets and the monthly average crediting formula. The advantages and disadvantages of the two equity return projecting approaches are also highlighted and will be discussed later in the report.

Description: The presenters will provide an overview of the current life insurance M&A landscape, along with insight on leading practices and lessons learned in the deal and merger integration processes.Topics include:M&A market update: recent M&A deal trends in the life insurance industry in the United States and globally; drivers and motives for buyers and sellers in the current environment; and outlook on the future M&A market for life insurersDeal process: key considerations and leading practices at each stage of the deal processLesson learned: a retrospective look at one or more case studies - key challenges and success stories

Description: This article serves as a Solvency II primer by first introducing the Solvency II framework and then identifying several implementation issues that are still being resolved.

Description: This article addresses the key capital and risk management issues immediately confronting the industry.

Description: Panelists in this session at the 2004 Valuation Actuary Symposium discuss current embedded value and fair-value practices, similarities and differences between embedded value and fair value, and benefits and drawbacks of embedded value, fair value and other measurement systems for internal management purposes.

Description: This session 30 PD of the New Orleans Annual Meeting discusses how several organizations, with representation from a number of countries, are currently drafting new standards to create uniformity across nations. From the Record of the Society of Actuaries, Volume 27, No. 3.

Description: 1994 SOA Spring Meeting, San Francisco. This session provided overviews of the history of MVA, statement of financial accounting standards documents that pertain to this issue, and implementation issues. The liability methodologies and latest developments were also covered.

Description: 1994 SOA Spring Meeting, Orlando. This session is about market-value accounting including FAS 107 and FAS 115, calculation methods for fair value of liabilities, practice in other industries, practices in other countries and latest developments.

Description: This presentation is a panel discussion from the 1991 Annual Meeting of the Society of Actuaries, held October 20-23 in Toronto. Noting that the regulatory authorities have been talking about the need to modify GAAP and statutory balance sheets to more closely reflect market values, with most of the focus on the market value of assets, the panelists discuss current regulatory thinking, including with respect to disclosures, problems associated with looking only at assets [and not liabilities], practical implications, and use of results as a management tool. From the Record of Society of Actuaries, Volume 17, No. 4B.