Life Financial Soundness/Risk Management Committee

The Life Financial Soundness/Risk Management Committee proactively provides actuarial support, advice, and communication on the soundness and risk management of life insurance and annuities. This includes seeking out additional audiences and topics that should be addressed by this committee so it can coordinate and respond to issues at a state, federal, and international level. The committee also communicates and provides information to the membership of the Academy regarding these issues. More recently, the committee is coordinating Life Practice Council efforts to develop principles-based reserve and risk-based capital requirements.

Staff liaison: John Meetz

Chairperson: Dave Neve
 Mary Bahna-Nolan
 Nancy Bennett
 Peter Bondy
 Larry Bruning
 Thomas Campbell
 Katherine Campbell
 Gary Falde
 Alice Fontaine
 Kerry Krantz
 Patricia Matson
 Arthur Panighetti
 James Reiskytl
 Jo Stephenson
 William Wilton

Related Publications

Post-NAIC Update/PBA Webinar
Post-NAIC Update/PBA Webinar slides reviewing the NAIC Fall 2012 National Meeting and progress on the principle-based approach (PBA) to life reserves. The December 13 webinar included a Fall 2012 LATF update, PBR update, and a presentation on the 2012 Individual Annuity Mortality Tables and Model Regulation. (December 13, 2012)
LPC Comment Letters to NAIC on Valuation Manual
Comment letters to both the NAIC Life Actuarial Task Force and the Life and Annuities (A) Committee from the Academy's Life Practice Council and Life Financial Reporting/Risk Management Committee regarding the need for changes to the valuation manual as well as a formal updating and review process. (July 16, 2012)
VM-20 Amendment Proposal on Mortality
Life Financial Soundness/Risk Management Committee presentation of NAIC's Life and Health Actuarial Task Force Amendment proposal outlining a simplified approach for determining prudent estimate mortality assumption for VM-20. (June 18, 2012)
VM-20 Simplified Approach for Mortality Assumption Determination of X and Proposed Margin
Life Financial Soundness Risk/Risk Management Committee presentation offering its findings of a simplified approach for mortality assumptions determination to LATF. (May 17, 2012)
FS/RM Presentation to LATF Regarding Value of X
Life Financial Soundness/Risk Management Committee presentations to LATF regarding the determination of X in a simplified mortality approach. (May 17, 2012)
FS/RM Presentatuin to LATF on Mortality Loads
Life Financial Soundness/Risk Management Committee presentation to LATF regarding a comparison of the impact of mortality loads. (May 17, 2012)
FS/RM VM-01 Amendment to LATF
Life Financial Soundness/Risk Management Committee's VM-01 amendment to the NAIC Life Actuarial Task Force regarding definitions in the Valuation Manual. (May 11, 2012)
FS/RM PBR Review and Updating Amendment to LATF
Financial Soundness/Risk Management Committee's amendment proposal form to the NAIC Life Actuarial Task Force regarding the addition of a PBR Review and Updating Process to VM-00. (April 23, 2012)
FS/RM APF to Clarify Issues in VM-20 Impact Study
Financial Soundness/Risk Management Committee amendment proposal to the NAIC's VM PBR Life Subgroup. (May 18, 2011)
SVL2/PBA Presentation to LHATF
Life Financial Soundness/Risk Management (SVL2) Committee presentation to LHATF on SVL2/PBA. (June 01, 2007)