Academy Statements on Principle-Based Reserving


The Academy has assembled materials to assist actuaries and regulators as the U.S. moves into the implementation phase of PBR for life insurance. Click here to access these materials. Public statements made by the Academy related to PBR are below.

Life Reserve Work Group presentation to LHATF regarding a Principles-based Valuation Standard for Life Products. (March 2, 2006)
LRWG report to LHATF regarding considerations for application of principle-based reserving to inforce blocksof business. (March 1, 2006)
Life Reserves Work Group presentation to LHATF on 20-year-term margin examples, and accompanying spreadsheet. (March 1, 2006)
Life Reserves Work Group report on modeling principle-based reserves for 20-year level premium term insurance. (March 1, 2006)
Life Reserves Work Group comments on a New York principle-based reserve memo. (March 1, 2006)
Consistency Work Group report to LHATF defining the principles in the principle-based approach. (March 1, 2006)
PBR Governance Work Group’s VM-31 Review Subgroup Comment Letter to the NAIC’s Life Actuarial (A) Task Force on the exposed VM-31 Amendment Proposal Form.
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