Description: With the halfway point of the transition period in the rear view mirror, many companies are well underway with their VM-20 implementation and analysis efforts. Beyond attempting to master the new rules of the road, actuaries have discovered new effects of product design and assumption setting. Panelists in this session will discuss their experiences with VM-20 reserves for various products and designs, their applications of actuarial judgement and the areas where even they don’t have all the answers. The audience is encouraged to bring their questions and also to share their insights.

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

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

Description: A template to calculate the NPR (Net Premium Reserve) in the Valuation Manual VM-20 (based on the December 2, 2012, version).

Description: View the Corporate Finance and Enterprise Risk Management (CFE)Course Study Note: How Business Dynamics Applies to Actuaries.

Description: Template examples for PBA Implementation Guide, which offers executives an underlying rationale for steps to support formation of an overall PBA strategy,

Description: A discussion of regulatory oversight of PBR with two former regulators to give some insight into how your company should be preparing for new PBR requirements.

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: 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: The reviewer thought this quick read was well worth the trip to the library which contained common sense, simplistic messages. From The Stepping Stone, February 2012, Issue No. 45.