Description: Earlier this year, the Securities and Exchange Commission informed one of its registrants that prospective unlocking of benefit reserves for long-term care LTC insurance was not an acceptable practice under current US GAAP. The purpose of this article is to make actuaries aware of this action and provide some additional context.

Description: Feature article discussing the happenings at the recent International Actuarial Association (IAA) meeting.

Description: Analysis of IASB position on the discount rate to use in computing the Fair Value of Insurance Liabilities

Description: This article summarizes VM-31 updates to the 2018 and 2019 Valuation Manuals, and considerations for PBR Reports based on findings from the 2017 submissions.

Description: Economic capital is everywhere you look in the insurance industry these days. Article explains reasons for this and discusses recent developments and the impact on the financial reporting actuary.

Description: Performance measurement is not the primary purpose of either GAAP or statutory accounting. This article discusses alternative methods of reporting used by life insurance companies to better measure financial performance.

Description: Responsibilities Of The Actuary For Communicating Sarbanes-Oxley Control in accordance With Actuarial Standards of Practice

Description: Variable Annuity DAC: A Survey of Current Practice by Laura J. Hay and Elizabeth Rogalin from The Financial Reporter, December 2002, Issue No. 51. Examines the DAC calculation for Variable Annuities and the possible write down of DAC under revised assumptions.

Description: Article discusses valuation and Risk Based Capital results for a sample variable annuity block of business. The valuations were performed under the current rules and guidelines in effect until Dec. 31, 2009 and also under Actuarial Guideline 43 which is effective Dec. 31, 2009. The RBC was determined using the C-3 Phase II methodology. The article also presents analyses of the impact to AG 43 results from extending projection periods and from utilizing alternative economic scenario sets.

Description: Feature article discussing the latest changes to International Financial Reporting Standards (IFRS) by the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB).