Annuity Reserves Work Group

The Annuity Reserves Work Group is working with the NAIC to develop a proposal for a principle-based reserve requirement for nonvariable annuity products.


Staff liaison: Ian Trepanier

Chairpersons: Christopher Olechowski, John Miller
Cindy Barnard
John Blocher
Nicholas Carbo
Linda Durman
Harold Forbes
Terri Foster
Laura Hanson
Barbara Hilligoss
Corinne Jacobson
Derek Jansen
Stephen Krupa
Kevin Kuzmick
Ryan Morris
Roger Offermann
William Panyard
Kyle Price
Danny Purcell
James Reiskytl
John Robinson
Lawrence Seller
Lyle Semchyshyn
Tomasz Serbinowski
David Sowers
David Stalker
Stephen Strommen
Michael Ward
Albert Zlogar
Jennifer Lee Zwach

Related Publications

John Miller and Chris Olechowski, co-chairs of the Annuity Reserves Work Group, provided a non-variable annuity PBR update to LATF’s VM-22 Subgroup. (December 08, 2016)
John Miller, chairperson of the Annuity Reserves Work Group, provided a non-variable annuity PBR update to LATF’s VM-22 Subgroup. (August 24, 2016)
Annuity Reserves Work Group (ARWG) non-variable annuity PBR update to the Life Actuarial Task Force’s VM-22 Subgroup at the NAIC Fall 2015 National Meeting. (November 16, 2015)
Annuity Reserves Work Group Report to the NAIC's VM-22 (A) Subgroup on the uses of the representative scenarios method (RSM) for calculating annuity reserves. (June 23, 2015)
Annuity Reserves Work Group update to LATF’s VM-22 Subgroup on efforts towards development of appropriate utilization assumptions for Guaranteed Lifetime Income Benefits (GLIBs) in the floor reserve calculation. (December 13, 2013)

Annuity Reserve Work Group report to the Life Actuarial Task Force on potential reserve methodology for non-variable annuities in VM-22.

(August 22, 2013)
Annuity Reserve Work Group presentation to the Life Actuarial Task Force on potential reserve methodology for non-variable annuities in VM-22. (August 22, 2013)
Annuity Reserve Work Group report on guaranteed living income benefits submitted to the Life Actuarial Task Force at the NAIC Fall 2012 National Meeting. (November 27, 2012)
ARWG report to the NAIC's Life Actuarial Task Force regarding the development of a possible definition of Deterministic Reserves for use in VM-22 at the NAIC's Spring National Meeting with accompanying slide set. (March 01, 2012)
Annuity Reserves Work Group report to NAIC on Valuation Manual work. (September 30, 2007)
Variable Annuity Reserve Work Group comments on draft AG VACARVM. (September 30, 2007)
Annuity Reserve Work Group report to the NAIC's Life and Health Actuarial Task Force regarding principle-based reserves for non-variable annuities. (September 01, 2006)
VARWG report to LHATF on VACARVM concerns (August 08, 2006)