Description: Summarizes the Association of Insurance and Financial Analysts report on Life Insurance Earnings Adjustment, which was prompte by recognition of the need for a standard, reliable method for adjusting statutory earnings to provide a better indication of the true earnings of a life insurer.

Description: Update on recent changes made, and proposed new changes, to Asset Valuation Reserve, AVR, and Interest Maintenance Reserve, IMR.

Description: A regulator's perspective on the changing insurance and financial services industry, including changes in the state regulatory environment driven by the regulators themselves, as well as potential changes in the competitive environment prompted by the Financial Services Modernization Act.

Description: Discusses the emerging issue of non-formulaic reserves, which surrounds principles-based reserving, in a Q&A format.

Description: Author, then the chief actuary of the New York State Insurance Department, discusses the appropriateness of certain assumptions used in the valuation of life insurer liabilities.

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

Description: Summary of Part II of the survey of Appointed Actuaries, sponsored by the American Academy of Actuaries Committee on Life Insurance Financia1 Reporting and the Society of Actuaries Financial Reporting Section, which asked appointed actuary various questions on methodology and assumptions employed for asset adequacy testing.

Description: A discussion of funding arrangements that can reduce the costs of providing medical coverage through lower reserves or state tax savings, instead of through cutting benefits.

Description: The new Risk Based Capital Standards RBC standards ushers in a new era of scrutiny and control by state insurance departments. This article summarizes the new features and the effects on companies.