A four page resource outlining the critical elements of PBR for life insurance.
( )PBR Governance Work Group update to the Life Actuarial (A) Task Force at the NAIC Summer 2019 National Meeting.
( )PBR Governance Work Group update to Life Actuarial (A) Task Force at the NAIC Spring 2019 National Meeting.
( )Life Reserves Work Group presentation to the Life Actuarial (A) Task Force on PBR treatment for individually underwritten group insurance.
( )Exposure Draft of the PBR Review Procedures Work Group practice note on risk-focused examinations. Comments are due to the Academy by July 1, 2019.
( )Common Practices of Examining Actuaries Involved in Statutory Financial Solvency Examinations of Life and Health Insurers (Including Considerations for Principle-Based Reserves)
Exposure Draft of the PBR Review Procedures Work Group practice note on risk-focused examinations. Comments are due to the Academy by July 1, 2019. (
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Life Practice Council letter to Life Actuarial (A) Task Force on concerns with the NAIC moving in a direction that would deviate from principle-based approach for life insurance.
( )PBR Assumptions Resource Manual Work Group sample framework for setting, updating, and governing life insurance assumptions for Principle-Based Reserving and other valuation frameworks. (
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Reinsurance Work Group presentation to the Life Actuarial (A) Task Force on PBR Allocation and credit for Reinsurance.
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PBR Governance Work Group update to Life Actuarial (A) Task Force at the NAIC Fall 2018 National Meeting.
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Annuity Reserves Work Group presentation to Life Actuarial (A) Task Force on non-variable annuities. (
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PBR Governance Work Group update to Life Actuarial (A) Task Force on PBR adoption and Academy involvement. (
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PBA Governance Work Group update to NAIC on Academy involvement with PBR. (
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PBR Governance Subgroup update to the NAIC Life Actuarial (A) Task Force on the Academy’s efforts on PBR implementation.
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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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Comments from the Principle-Based Reserving Procedures Work Group to the NAIC regarding the exposure of proposed changes to the Financial Condition Examiners Handbook. (
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Annuity Reserves Work Group presentation on its work related to issues that need to be modified for non-variable annuities to the Life Actuarial Task Force. (
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VM-31 Subgroup comments to the NAIC's Life Actuarial Task Force (LATF) on an amendment to eliminate the summary of methods and assumptions that covers multiple product groups in the executive summary. (
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PBR Governance Work Group comments to the Actuarial Standards Board (ASB) on the exposure draft for a new ASOP, Principle-Based Reserves for Life Products. (
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Life Principle-Based Approach Practice Note Work Group practice note to assist actuaries with the implementation of the principle-based life reserve valuation approach adopted by the NAIC as detailed in the Requirements for Principle-Based Reserves for Life Products—VM-20. (
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