Description: Twelve companies field tested the proposed principle-based valuation manual for four different product lines: term life, universal life, whole life and deferred annuity. This report compares the reserves and C3 capital amounts under PBA versus current formulaic standard and discusses practical aspects in applying the proposed methodology.

Description: Results of a company practice survey is presented. Among the areas to be addressed include the structure of accelerated underwriting programs, how programs are monitored, how accelerated underwritten business is performing relative to expectations, and how companies are considering accelerated underwriting cohorts in the context of VM-20 assumption setting.

Description: Article discussing developments in Principle-Based Approach: net asset earned rates and discount rates, and net premium approach.

Description: Mortality Credibility and its use within VM-20.

Description: A summary of regulatory developments related to principle-based reserving.

Description: Summary of research titled Understanding VM-20 Results.