Description: Written from a regulatory perspective, the article covers the purpose of regulation and some regulatory expectations. The topics include the appointed actuary's involvement in corporate governance, reasonability of results when compared to prior results, data quality, familiarity with the company's annual statement and applicable statutes, and areas where appointed actuaries can add value though services provided to smaller life insurance companies.

Description: This article calls to attention the more modest needs of smaller companies contained in the PBA Implementation Guide.

Description: Introducing the Respresentative Scenarios Method, the Motivation and Goals, how the methodology works, and what key information can be derived.

Description: An update on the principle-based reserves (PBR) process and possible valuation manual adoption, with recommendations to actuaries on how to prepare.

Description: Author discusses how the proposed new AOMR will affect small companies.

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

Description: This article gives an overview of the NAIC codification project, which describes procedures and methods for compiling statutory financial statements. A number of accounting principles included in codification are described.

Description: The Actuarial Opinion and Memorandum Regulation states that the purpose of asset adequacy analysis is to certify that assets are adequate to cover reserves under “moderately adverse conditions.” This article discusses the determination of whether an interest yield scenario is moderately adverse or extreme.

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 article views the principle-based methodologies from a future perspective and identifies some inconsistencies in the proposed approach, while presenting some simpler and more consistent alternatives.