Description: The National Association of Insurance Commissioners (NAIC) has developed the Group Capital Calculation (GCC) for U.S.-based insurance groups since late 2015. GCC is designed to provide a coherent analytical framework to show a panoramic, transparent view of the interconnectedness, business activities and underlying capital support for an insurance group. The last field testing was completed in May 2019. The final proposal was adopted in late 2020. The Federal Reserve Board (FSB) also recently updated the group capital standard to an aggregation method, which is similar to the NAIC GCC. The Insurance Capital Standard (ICS) is under the development by International Association of Insurance Supervisors (IAIS) for Internationally Active Insurance Groups (IAIGs). It has entered the five-monitoring period from January 2020 to monitor the performance of the ICS V2.0 and the IAIS will perform a comparability assessment of the ICS V2.0 with the Aggregation Method (e.g. NAIC GCC) during this period.

Description: This session at the SOA 1990 Annual Meeting covers solvency requirements for life companies in the U.S., Canada, Mexico, Japan, U.K. and Europe.

Description: 1994 SOA Spring Meeting, Orlando. This session is a brief summary and discussion comparing the role of the appointed actuary in different countries including the following: 1. Responsibilities. 2. To whom does the appointed actuary report? 3. Who sets the rules/standards? 4. Potential personal liabilities. 5. How well is the system working?

Description: For firms currently operating or desiring to operate internationally, it is important to be able to speak the financial language of the countries they are investigating. From the Record of the Society of Actuaries, Volume 27, No. 2, Session 17PD of the Toronto Spring Meeting.

Description: Presenters at this session of the SOA 1998 Maui I Spring Meeting discuss the trend among many mutual companies to restructure and look at the demutualization process outside of the U.S.

Description: Discussion of the Buol Report, dealing with international solvency standards for life insurance companies

Description: At this session 4PD of the SOA Annual Meeting in New York the panel discusses issues stemming from an AAA study of valuation and insurance in 14 countries on 5 continents, and what the U.S. could learn from these findings. From the Record of the Society of Actuaries, Vol. 24, No. 3.

Description: As financial institutions become increasingly global, actuaries are interacting with financial professionals from different countries. The different regulatory, market, and educational situations make finding a common understanding difficult. From the Record of the Society of Actuaries, Volume 27, No. 3, Session 76PD of the New Orleans Annual Meeting.

Description: 1999 SOA Annual Meeting, San Francisco. The panel examined the current efforts of several organizations to craft the next century's insurance valuation framework, and how these efforts are reshaping the way we will do business in the future.

Description: 1999 SOA Annual Meeting, San Francisco. The panel discussed how the actuarial profession may contribute to the quantification and management of various types of risks that insurers and other financial service providers assume.