Description: This session at the 2004 Valuation Actuary Symposium provides an overview of statutory valuation issues for life and annuity products including the Actuarial Opinion and Memorandum Regulation, variable products reserving standard, adoption of 2001 CSO, C-3 Phase II RBC project and nonforfeiture changes.

Description: This report presents the formal recommendation for a new mortality basis for individual annuity valuations. From Transactions of Society of Actuaries 1981, Vol. 33.

Description: 1996 Valuation Actuary Symposium. This session about life and annuity valuation issues discussed Guideline 33, Guideline MMM, separate accont surplus, equity-indexed annuities, the annuity mortality regulation, the model illustration regulation, and XXX.

Description: Panel discusses current topics relating to reserving for deferred annuities, including Actuarial Guideline 33 [formerly GGG], equity-indexed annuities [EIAs], variable annuity minimum death benefit guarantees [MDBGs], and Actuarial Guideline 34 [formerly MMM]. From the 1997 Record of Society of Actuaries, Vol. 23, No. 3.

Description: Discusses the reasons for changing emphasis on reserve strengthening programs and looks at methods adopted to emphasize the reserve character of undistributed surplus.

Description: The decrease in interest rates over the last several years has led to decreases in the maximum valuation rate and maximum nonforfeiture interest rate, and companies need to prepare for these changes.

Description: discussion of the ongoing developments in reserving and risk-based capital RBC requirements for variable annuities including stochastic scenario projections

Description: This abstract describes a paper that generalizes the Poisson process to a renewal process, especially Erlang (n) renewal processes.

Description: In July 1987, the Society of Actuaries [SOA] Committee on Life Insurance Company Valuation Principles released an exposure draft in which a distinction was made between valuation principles and standards of practice. Rather than including specific standards of practice in the valuation principles themselves, the Committee developed valuation principles to encompass current and future standards of practice. Panelists discuss the work of the valuation actuary in the context of these developments. From the 1987 Record of Society of Actuaries, Vol. 13, No. 4B.

Description: Discussion of solvency problems and the actuary's role in addressing them in the life insurance industry.