Description: How does mortality experience impact earnings under the new GAAP financial framework? This article discusses how to isolate key components from financial models related to decrements, as well as how to handle the changes in the financial reporting landscape including: the aggregation of insurance policies into cohorts, dynamic reserving, and the limitations imposed by caps and floors. Looking at the components of earnings, such as the present value of benefits, expenses, and premiums, and how these elements interact is critical to form a comprehensive earnings story.

Description: Presents a step-by-step methodology for calculating confidence intervals for IBNR estimates derived using the Averaqe PMPM method. It is a companion article to the January 2023 Health Watch article presenting the Average PMPM method for generating point estimates of IBNR with zero claims runout.

Description: Join us for this popular annual webcast covering the latest considerations for the year's U.S. statutory financial reporting work. Get ready to hear from three expert speakers, who will discuss cash flow testing and this year’s New York and California holiday letters, the impact of recent interest rate changes including treatment of negative IMR, potential changes to statutory financial reporting due to climate change, and updates regarding Principle Based Reserves.

Description: The multi-risk scenario generator is an output of the Smaller Insurance Company Section’s sponsored Principle- Based Reserves Simplified Methods study performed by Mark Birdsall, Steve Strommen, and Brian Hartman. The scenario generator can be used for all material assumptions in an actuary’s cash flow projection software.

Description: The importance of storytelling in financial communication and its role in conveying complex financial reporting results and insights to diverse stakeholders cannot be denied.

Description: This report provides a resource guide for asset-liability management practitioners, including methodology reviews, a survey of ALM practices, and guidance for applying ALM questions to real-world situations.

Description: If you're intrigued by the impact of recent interest changes or updates about the Principle Based Reserves ASOP 22 Statements of Actuarial Opinions Based on Asset Adequacy Analysis for Life Insurance, Annuity or Health Insurance Reserves and Other Liabilities, then this webcast discussion featuring three expert speakers will grab your attention. Join us for the annual Year-End U.S. Statutory Financial Reporting Considerations webcast and discover more about cash flow testing, as well as potential changes to statutory financial reporting due to climate change. This popular webcast will be taking place December 14, so don't miss out on the latest considerations from our important speakers.