Announcement: SOA releases April 2024 Exam FM passing candidate numbers.

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  • No-See-Ums
    important elsewhere in the world, such as Universal Life. The problem with all these solutions is the more ... ers. We’ll see what no-see-ums arise when they report back. At the decision making session the board ...

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    • Authors: Henry Siegel
    • Date: Sep 2015
    • Competency: External Forces & Industry Knowledge>External forces and business performance; Professional Values>Practice expertise; Strategic Insight and Integration>Influence decisions
    • Publication Name: The Financial Reporter
    • Topics: Financial Reporting & Accounting>International Accounting Standards Board [IASB]; Financial Reporting & Accounting>International Financial Reporting Standards [IFRS]
  • 10 Things I Think About the New Insurance Contracts IFRS
    early (I hope!) next year. So, having nothing to report on, I decided to try to summarize the major areas ... You need to understand, for instance, whether mortality ex- perience is better or worse than expected ...

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    • Authors: Henry Siegel
    • Date: Dec 2016
    • Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; External Forces & Industry Knowledge>General business skills; Professional Values>Practice expertise
    • Publication Name: The Financial Reporter
    • Topics: Financial Reporting & Accounting>International Accounting Standards Board [IASB]; Financial Reporting & Accounting>International Financial Reporting Standards [IFRS]
  • Almost Success!
    to be recognized when the CSM is negative for a group of contracts. Rather than allow groupings based ... however, the board tentatively decided that the group should comprise contracts that at inception: “a ...

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    • Authors: Henry Siegel
    • Date: Jun 2016
    • Competency: Professional Values>Practice expertise
    • Publication Name: The Financial Reporter
    • Topics: Financial Reporting & Accounting>International Accounting Standards Board [IASB]; Financial Reporting & Accounting>International Financial Reporting Standards [IFRS]
  • A Retrospective Look at History
    little common sense is needed. The retrospective mortality rate on a living policyhold- er is obviously zero; ... liabilities typically reflect an assumption about mortality improvement in the future. On the other hand ...

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    • Authors: Henry Siegel
    • Date: Mar 2016
    • Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; External Forces & Industry Knowledge>External forces and business performance; Professional Values>Practice expertise; Technical Skills & Analytical Problem Solving>Process and technique refinement
    • Publication Name: The Financial Reporter
    • Topics: Financial Reporting & Accounting>International Accounting Standards Board [IASB]; Financial Reporting & Accounting>International Financial Reporting Standards [IFRS]
  • No-See-Ums (Part 2)
    Board had tentatively decided that you could only group contracts with similar profitability and similar ... definition of portfolio, i.e., that “a portfolio is a group of contracts subject to similar risks and managed ...

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    • Authors: Henry Siegel
    • Date: Mar 2017
    • Competency: Professional Values>Practice expertise; Professional Values>Public interest representation; Technical Skills & Analytical Problem Solving>Problem analysis and definition
    • Publication Name: The Financial Reporter
    • Topics: Financial Reporting & Accounting>International Accounting Standards Board [IASB]; Financial Reporting & Accounting>International Financial Reporting Standards [IFRS]
  • Details, Details
    that it could be aggregated if con- tracts in the group met certain conditions: a. they have “cash flows ... profit for the future services to be provided for a group of contracts. b. an entity should measure the ...

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    • Authors: Henry Siegel
    • Date: Sep 2016
    • Competency: External Forces & Industry Knowledge>External forces and business performance; Professional Values>Practice expertise
    • Publication Name: The Financial Reporter
    • Topics: Financial Reporting & Accounting>International Accounting Standards Board [IASB]; Financial Reporting & Accounting>International Financial Reporting Standards [IFRS]
  • (Incredible, Unbelievable)
    year to find the correct accounting for this mixed group of policies types. For a variety of reasons having ... semi-retired actuary most recently with New York Life Insurance Company. He can be reached at henryactuary@gmail ...

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    • Authors: Henry Siegel
    • Date: Dec 2015
    • Competency: External Forces & Industry Knowledge>External forces and business performance; Professional Values>Practice expertise
    • Publication Name: The Financial Reporter
    • Topics: Financial Reporting & Accounting>International Accounting Standards Board [IASB]; Financial Reporting & Accounting>International Financial Reporting Standards [IFRS]
  • FASB Targeted Improvements Will Affect Long Term Care
    comparative years. In this case, the first quarterly report in 2021 would com- pare to 2020 and 2019. Under ... corporate vice president and actuary, at New York Life Insurance Company. He can be reached at Bryn_Douds@newyorklife ...

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    • Authors: Bryn Douds
    • Date: Apr 2018
    • Competency: Professional Values>Practice expertise
    • Publication Name: Long-Term Care News
    • Topics: Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]; Financial Reporting & Accounting>International Accounting Standards Board [IASB]; Long-term Care>Long-term care insurance