Description: Describing my experience of serving on a section council. Reflecting on some of my successes and my frustrations.

Description: This article offers ways to make use of Excel more efficient, by applying software development and design principles

Description: Read the Sept. 2017 issue of Small Talk published by Smaller Insurance Company Section. Practical information on trends that impact sections and activities.

Description: Describes a process for identifying relevant industry experience to credibility-weight with relevant company experience to set modeling assumptions and margins.

Description: Describes using the new multi-risk scenario generator to create sensitivity tests at moderately adverse probability levels, resulting in margins to use for PBR.

Description: Read the March 2017 issue of Small Talk published by Smaller Insurance Company Section. Practical information on trends that impact sections and activities.

Description: Have you recently considered volunteering within the actuarial profession? If so, becoming a “friend” of the Smaller Insurance Company Section is a great way to start. This article explains what you can expect from your volunteer experience.

Description: Building on the Part 1 article, Introduction to the Representative Scenarios Method, this article describes testing the methodology with respect to four product types, fixed indexed annuities with GLIBs, level term life insurance, universal life with secondary guarantees, and variable annuities with GLWBs. This Part 2 article describes testing results, refinements to the RSM methodology, and next steps.

Description: Metadata for entire issue

Description: Entire issue of Small Talk, March 2015 - Issue 43

Description: Regulatory Developments Applicable to Small Company Actuaries

Description: To comply with VM reporting requirements, what is the simplest path for a small company that has passed the Deterministic Exclusion Test and the Stochastic Exclusion Test?

Description: Small Talk September Issue

Description: Regulatory Update, First Six Months 2014

Description: Complete issue of the March 2014 Small Talk newsletter.

Description: The article summarizes recent regulatory discussions of interest to small insurance companies, primarily related to issues discussed at the NAIC.

Description: View the entire September 2013 issue of Small Talk.

Description: A review of the major activities and accomplishments of the Smaller Insurance Company Section over the last year.

Description: Update on new mortality tables in development - 2012 IAR, 2014 VBT, and SI/GI/Preneed

Description: In the summer of 2012 the SIC decided the time was right to find out what current practices were with respect to Asset Adequacy Testing. This article summarizes the survey process and results obtained. The purpose of the survey was twofold: first, to educate actuaries prior to year-end work about current AOMR practice reflecting changes since the American Academy of Actuaries’ (AAA’s) 2004 Practice Note had been issued; secondly, to provide enough information such that an update of that practice note could be done should the AAA decide a revision to the note was desired.

Description: Small Talk, the newsletter of the Smaller Insurance Company Section

Description: Excerpts of blast emails sent out by the SmallCo Section are highlighted, covering life insurance valuation, federal reserve action, and nonforfeiture interest rates.

Description: This regulatory update covers topics such as the solvency modernization initiative, statutory reserves, principle-based reserves, variable annuities, and more.

Description: A discussion of the three kinds of reserve strengthening

Description: Full issue of Small Talk Newsletter, January 2012, Issue 37

Description: Actuarial models have always been an important tool for helping companies project future results and understand risks. As complex models have started to become critical components of the reporting and compliance processes, however, models have vaulted to new levels of importance—and of scrutiny. This has raised everyone’s interest in the management of models, and by implication, in their ability to control the inherent model risk. From Small Talk Newsletter, Issue 37, January 2012.

Description: This article provides some insights into the creativity employed in cash flow testing to help ensure the sound survival of small companies that have limited means.

Description: June 2009 issue of the Smaller Insurance Company Section newsletter, Small Talk.

Description: This article discusses the current status of the statutory move towards principle-based reserves, including implications for small insurance companies, noting that the outcome is certainly unclear.

Description: This is the full December 2008 issue of the Smaller Insurance Company Section newsletter, Small Talk.

Description: June 2008 issue of the Smaller Insurance Company Newsletter (Small Talk)

Description: This 2008 article discusses the current status of the statutory principle-based approach PBA to reserves and capital, including risk based capital RBC, federal income tax implications, and other topics, noting that the project is “still a work in process.”

Description: This article discusses the coming opportunities for insurance companies in the retirement market, particularly with respect to annuities.

Description: Full version of Small Talk Newsletter, November 2007, Issue No. 29.

Description: Author discusses the treatment of current life insurance reserves under the tax code in determining a life insurer's taxable income, and what challenges are ahead in the era of principles-based reserves.

Description: Full version of Small Talk Newsletter, June 2007, Issue No. 28.

Description: Two committees continue work on experience studies that will provide a basis for new valuation mortality tables. This is an article about preferred and preneed valuation and the activity of these two committees to date.

Description: Full version of Small Talk Newsletter, June 2006, Issue No. 26.

Description: Full version of Small Talk Newsletter, November 2005, Issue No. 25.

Description: This is an article about debt protection and credit insurance as products. From Small Talk Newsletter, November 2005, Issue No. 25.

Description: Full version of Small Talk Newsletter, November 2004, Issue No. 23.

Description: Discussion of how non actuaries are taking on many of the enterprise risk management roles of insurance companies. Discusses changes actuaries need to make to re-assert their roles. Also discusses roles actuaries can play in enterprise risk management outside of the insurance and pension industries

Description: This article discusses an upcoming SOA/CAS sponsored project regarding the Modeling of Economic Series Coordinated with Interest Rate Scenarios.

Description: Full version of Small Talk Newsletter, June 2002, Issue No. 18.

Description: Full version of Small Talk Newsletter, May 2001, Issue No. 17.

Description: Discusses the current activities of the Life Liquidity Risk Working Group of the NAIC.

Description: Discusses attributes of online selling.

Description: Full version of Small Talk Newsletter, September 1999, Issue No. 14.

Description: This article suggests ways for small insurance companies to obtain modeling information on more intricate assets, such as collateralized mortgage obligations [CMO], at a low cost.

Description: Full version of Small Talk Newsletter, May 1998, Issue No. 11.

Description: This article explains the work of the NAIC Life and Health Actuarial Task Force to draft a new standard valuation law from scratch. The author describes his version of the law based on his own opinions.