Date

• June 2–3, 2008–Deferred Annuities: Fixed, Variable & Equity Indexed
• June 2–3, 2008–Individual Health Insurance
• June 4, 2008–Traditional Life Insurance
• June 5, 2008–Universal Life Insurance: Fixed & Variable

Location

Hilton Suites Chicago Downtown
Chicago, IL

A Comprehensive Look at U.S. Reserving Principles

While the basic principle of statutory valuation is as simple as "present value of benefits less present value of premiums," the practice is far from simple. The 1980 CRVM is not the same as pre–1980 CRVM. CRVM–XXX is not the same as CRVM–Reg. 147. In many U.S. companies, development of in–house actuarial expertise requires an increasing level of in–service training to understand the statutory reporting process. The alternatives are either to hope that "actuarial osmosis" will cause the required knowledge to percolate through the organization, or to provide time for developing staff to learn the subject directly in a concentrated way from instructors with both deep and broad experience in the valuation process.

Valuation as currently practiced is filled with nuance and interpretation. This seminar provides an environment dedicated specifically to filling this knowledge gap.

These courses provide an introduction to and reinforcement of the fundamental principles and application of U.S. statutory, tax and GAAP reserving to actuaries involved in financial reporting and product development. The target audience is individuals with a beginning to intermediate knowledge of statutory, tax and GAAP valuations, and those requiring a refresher.