Description: This article provides an update, as of October 2023, on Financial Reporting Section research projects in process and those recently completed.

Description: An overview of how the VM-31 requirements for documenting PBR approaches and assumptions can/should reflect the Actuarial Standard of Practice on Modeling, ASOP No. 56

Description: Sustainable operations under changes in accounting principles and solvency standards

Description: The article discusses the continued popularity of indexed UL insurance and possible reasons why a company's actual indexed UL earnings may be below their original pricing expectations for the product. The article discusses several key items that may be the source of that underperformance (e.g., hedge ineffectiveness, policyholder behavior) and the need to monitor earnings and perform analyses to better understand those potential sources.

Description: This newsletter article provides an update, as of December 2024, on Financial Reporting Section sponsored research projects in process and those recently completed.

Description: In this article, a numerical comparison of two commonly used FIA valuation methodologies is conducted to help insurers decide on the best methodology to use under GAAP LDTI and VM-22. We compared two modeling approaches to project the future index credits with the annual point-to-point crediting formula: Tthe stochastic equity crediting model and the deterministic option budget crediting model. The analysis is then extended to different levels of option budgets and the monthly average crediting formula. The advantages and disadvantages of the two equity return projecting approaches are also highlighted and will be discussed later in the report.

Description: The article gives background on the Brazilian insurance market and summarizes the newly released regulations which deal with revised reserving guidelines and new capital requirements. Additional capital requirements are promulgated for credit, market, legal, underwriting and operational risks.

Description: Overview of regulations and best practices for governance of PBR valuation processes, including standards, oversight, controls and review related to the PBR analysis

Description: An overview of John Robinson's experience at the recently concluded annual meeting of the Caribbean Actuarial Association in Trinidad.

Description: This article provides a description of three factor updates for the NAIC Risk-Based Capital that will take effect in 2012.