Life Presentations

Academy Senior Life Fellow Nancy Bennett presentation on principle-based reserving (PBR) implementation that included a legislation-in-brief document and FAQs at National Conference of Insurance Legislators Summer Meeting. (July 11, 2014)
Academy Senior Life Fellow Nancy Bennett presentation to Financial Stability Oversight Council Insurance Industry Work Group on regulatory capital requirements for U.S. life insurers.
(June 17, 2014)
C-1 Work Group presentation to the NAIC Investment Risk-Based Capital Working Group on C-1 Factors for Corporate Bonds in Life Risk-Based Capital Instructions.
(March 29, 2014)
Actuarial Guideline 33 Non-elective Incidence Proposal Work Group presentation to the NAIC Life Actuarial Task Force with proposed language to Actuarial Guideline 33 to address non-elective incidence reserve issue.
(March 28, 2014)
Life Experience Subcommittee presentation to the NAIC Life Actuarial Task Force on a mortality update on development of the 2014 Commissioners Standard Ordinary table, the 2014 Valuation Basic Table, and margins under VM-20 for determination of Prudent Estimate Mortality.
(March 27, 2014)
Pension Committee Vice Chairperson Ellen Kleinstuber presentation on the impact of increasing longevity on retirement to the National Conference of Insurance Legislators. (March 7, 2014)
Senior Life Fellow Nancy Bennett presentation on longevity risk to a National Conference of Insurance Legislators panel at its annual meeting. 
(November 21, 2013)
Presentation on principle-based reserving for life insurance products to the Southeastern Regulators Association Conference.
(October 3, 2013)
Presentation by the C-3 Work Group to the NAIC Life Risk-Based Capital (E) Working Group with recommendation of C-3 Phase 1 alternatives.  
(September 18, 2013)
Life Practice Council presentation to the NAIC’s Center for Insurance Policy and Research Summit on issues related to internal modeling for PBR. (August 27, 2013)
Presentation to the NAIC ERISA Retirement Income Working examining the financial risks of increased lifespans and the needs for retirees to secure lifetime income.   (August 24, 2013)
C1 Workg Group presentation to the NAIC Investment Risk-Based Capital Working Group on the benefits and uses of a representative portfolio for C1 factors in the Risk-Based Capital formula.   (August 24, 2013)
Aggregate Margin Task Force presentation of proposal to replace individual margin in VM-20 with aggregate margin approach. (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)
Modeling Efficiency Work Group presentation to the Life Actuarial Task Force of the results of a modeling survey conducted in 2012. (August 22, 2013)
Senior Life Fellow Nancy Bennett presentation to a National Conference of Insurance Legislators panel on annuities regulation at its summer meeting.   (July 13, 2013)
Presentation to the NAIC C-3 Phase II/AG 43 Subgroup on equity return calibration criteria for variable annuity reserve valuation.   (June 4, 2013)
Presentation to regulators at NAIC Financial Summit regarding practical application of PBR Valuation on life insurance.   (May 30, 2013)
C1 Work Group presentation to the NAIC Investment Risk-Based Capital Working Group on the development of factors for corporate bonds in the RBC formula.    (April 6, 2013)
Aggregate Margin Task Force update to the Life Actuarial Task Force on the development of aggregate margins to replace the current individual margins for use in VM-20. (April 4, 2013)