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Governance of Principle-Based Reserves
The concept of governance may seem nebulous, so let’s define it at a more granular level. It consists of ... roles for actuaries, their management and the company’s Board of Directors to oversee the PBR process. Controls: ...- Authors: Robert Leach
- Date: Sep 2023
- Competency: Professional Values
- Publication Name: The Financial Reporter
- Topics: Financial Reporting & Accounting; Financial Reporting & Accounting>Statutory accounting; Public Policy; Public Policy
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The Risk-Focused Exam
life) minimum reserve factors from a published table, or health reserve factors from other official fac- ... flexible valua- tion requirements. The commissioners’ annuity reserve valuation method (CARVM) was introduced ...- Authors: Franklin Clapper
- Date: Jun 2014
- Competency: Technical Skills & Analytical Problem Solving>Incorporate risk management
- Publication Name: The Financial Reporter
- Topics: Public Policy
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Update on Regulatory Developments
to note: 2008 CSO will remain the valuation table for products with limited underwriting. In September ... 2017 CSO table, and (b) two op- tions for calculating credibility for purposes of mortality mar- gins ...- Authors: Francis de Regnaucourt
- Date: Dec 2015
- Competency: External Forces & Industry Knowledge; Leadership>Change management
- Publication Name: The Financial Reporter
- Topics: Public Policy
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ICS—Changes on the Horizon—Part 2: Liability Valuation
prot than expected. Table 1 summarizes the range of possible results. Table 1 Ultimate Profit or Loss ... the policy is issued and then remains unchanged. Table 2A summarizes the possible results. Now consider ...- Authors: J Duran
- Date: Dec 2019
- Competency: External Forces & Industry Knowledge
- Publication Name: The Financial Reporter
- Topics: Public Policy; Public Policy