Description: Attendees will learn about the risks and rewards of using reinsurance as part of their business strategy. Reinsurance can be used in multiple ways including optimizing value of inforce, supporting planned sales growth, improving ROE, satisfying regulatory requirements, transferring risk, etc. The structures and solutions can take many shapes in order meet companies’ strategic and financial goals. In this session, the presenters will explore the historical and current uses of reinsurance as risk management and value creation tool and discuss developments that may impact the future use of reinsurance.

Description: With the adoption of VM-20, companies are spending significant time and resources determining how they will implement principle-based reserves (PBR). While it is tempting to focus on the calculation of reserves under PBR, companies should recognize that reporting and disclosure requirements are heightened considerably under PBR as well. Companies need to pay attention to the challenges of these requirements (VM-31, VM-50/51, VM-G) and integrate them fully within their adoption plans. This session focuses on what companies should be considering from a reporting and disclosures perspective as they develop and work through their PBR implementation plans. Common reporting and disclosure challenges and the impact of these on the implementation process and timeline are covered.