Description: The days of reinsurance treaties bound by a handshake are long gone. Treaties have evolved into complex legal documents. The session will use a recently released study on recapture provisions as a starting point and will expand the discussion to other key treaty provisions. The focus will be on understanding the intentions, concerns and relative positions of both the direct company and the reinsurer so that a mutually beneficial compromise can be explored.

Description: This SOA report’s purpose is to increase awareness of the importance of many reinsurance treaty terms/provisions, identify common treaty structures, practices, and/or solutions in reinsurance treaty construction and negotiation and illustrate how treaty terms have evolved over time. Lessons can be learned from ceding companies’ and reinsurers’ viewpoints and objectives on key treaty provisions and by considering obstacles, compromises, conflicts and solutions during and subsequent to the treaty construction and negotiation process. This report is based on questionnaire responses, telephone interviews, participant research assignments, follow-up email correspondence and an in-person roundtable discussion. This report documents participant’s points, counterpoints, counter-counterpoints and insights

Description: Standard Valuation Law (VM-20) State Adoption Status (May 8, 2014)

Description: An illustration of how to calculate the Stochastic Exclusion Ratio Test given the required inputs as described in the Valuation Manual VM-20 (based on the December 2, 2012, version).

Description: Find information about the Life Reinsurance Treaty Construction. The report’s purpose is to increase awareness of the importance of many reinsurance treaty terms/provisions; identify common treaty structures, practices, and/or solutions in reinsurance treaty construction and negotiation; and illustrate how treaty terms have evolved over time.

Description: A discussion on VM-20 reserves over the last decade.

Description: This PBA Implementation Guide provides verbal summaries and visual flow chart overviews of various VM-20 and PBA components and requirements, six Case Study Road Maps, and action items to bridge the gaps and implement PBA. During the Guide’s development these templates and exercises were vetted with more than 15 participants selected from a diverse group of companies

Description: An observation is made regarding the impact interest rate scenarios have on VM-20 stochastic reserves.

Description: Compares Term VM-20 modeled reserves at low credibility factors.

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