Description: An Overview of Embedded Value and its uses, its advantages versus other financial reporting methodologies, recent trends and an outlook into the future.

Description: Responsibilities Of The Actuary For Communicating Sarbanes-Oxley Control in accordance With Actuarial Standards of Practice

Description: A discussion of European CFO Embedded Value Guidelines

Description: The article described two methods for calculating the benefit ratio described in AICPA Standard of Practice SOP 03-1. Method 1 calculates the benefit ratio as the quotient of the expectation of A and the expectation of B where A is benefits and B is assessments. Method 2 calculates the benefit ratio as the expectation of the quotient of A and B.

Description: Feature article discussing the isolated impact of changing the discount rate due to FASB changes.

Description: A description of current council member areas of responsibility, Life & Annuity Symposium sessions to be sponsored, and other future projects.

Description: Read the December 2018 issue of The Financial Reporter, published by the Financial Reporting Section.

Description: Actuaries can leverage cluster modeling to reduce model runtime and cloud compute costs, which can be a real concern as companies transition from an on-premise grid to a scalable cloud solution. We consider practical considerations associated with clustering, through both US statutory and US GAAP lenses. Lastly, the results from a variable annuity liability clustering case study are presented.

Description: Author proposes an improvement and simplification of our theory of financial reporting by organizing them around the free cash-flow model. As will be demonstrated here, this will lead us to a compact, simple and intuitively elegant model, which captures all actuarial reporting concerns and which also unifies with ideas in mainstream financial accounting.

Description: Discussion of financial regulatory activities from January - March.