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  • The Financial Reporter
    LaSorella L I F E I N S U R A N C E C O M PA N Y F I N A N C I A L R E P O R T I N G S E C T I O N “A KNOWLEDGE ... Council Member Raymond T. Schlude, Council Member Yiji S. Starr, Council Member Vincent Y.Y. Tsang, Council ...

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    • Authors: Robert Crompton, Arnold Dicke, Luke Girard, David Hippen, Kenneth LaSorella, Stephen Strommen, Darin Zimmerman
    • Date: Jun 2006
    • Publication Name: The Financial Reporter
  • Setting the Level of Margins in a Principles-Based Valuation Using a Cost-of-Capital Approach with Exponential Utility
    character- ized by U (x) = e-kx. That is, the utility of profits equal to best estimates is U (0) = 1, and ... the equation, given values of ROE, i and r. The table below shows values of k as they depend on ROE and ...

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    • Authors: Stephen Strommen
    • Date: Jun 2006
    • Competency: Technical Skills & Analytical Problem Solving>Process and technique refinement
    • Publication Name: The Financial Reporter
    • Topics: Economics>Financial economics; Enterprise Risk Management>Capital management - ERM; Financial Reporting & Accounting>Fair value accounting
  • Common Misunderstandings of Risk-Neutral Valuation
    erally accepted that the observed yield curve for U.S. Treasurys is inappropriate because Treasurys are ... is suggested for use. Such a yield curve can be U.S. Treasurys plus an illiquidity adjustment. Sometimes ...

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    • Authors: Stephen Strommen
    • Date: Jun 2019
    • Competency: External Forces & Industry Knowledge; Technical Skills & Analytical Problem Solving
    • Publication Name: The Financial Reporter
    • Topics: Financial Reporting & Accounting; Life Insurance
  • The Great MOCE Debate
    difference can be striking. The charts below show mortality margins and the pattern of margin release over ... year, present valued over 20 years. The 20-year annuity factor may be about 12, putting the margin at ...

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    • Authors: Stephen Strommen
    • Date: Apr 2019
    • Competency: External Forces & Industry Knowledge
    • Publication Name: The Financial Reporter
    • Topics: Financial Reporting & Accounting