Description: A review of the development of the 2005 Version of the Generally Recognized Expense Table GRET, to be used to show compliance with the NAIC Life Insurance Illustration Model Regulation and the associated Actuarial Standard of Practice

Description: The article discusses the proposed revisions to the AOMR Actuarial Opinion and Memorandum and how it will affect insurance companies.

Description: The ACLI porposed some changes to the current Standard Valuation Law even though Principles Based Reserving PBR is being considered as SVL II by the regulatory community. This article outlines the current SVL, those recent changes to the current SVL and the implications of the changes.

Description: The authors reflect on the 2023 SOA ImpACT Conference. They share some of the networking opportunities, and give overviews of the general sessions as well as some of the breakout sessions. They discuss reasons for attending an in-person meeting beyond getting continuing professional development credits.

Description: A brief discussion on the importance of governance and documentation being in place. The article provides some resources to assist in the development, and the reasons behind having it in place.

Description: This article provides a quick guide to the applicability of ASOP 7, ASOP 22 and ACG4.

Description: This article discusses Actuarial Guideline CCC and its impact on ROP Term.

Description: This article is a follow-up article on the principles-based reserves PBR movement in the life and health insurance industry. It discusses more in depth the possibility of principles-based reserves determined stochastically and changes proposed in the SVL for preferred mortality.

Description: Two valuation proposals have occupied the regulatory agenda this year—the ACLI Interim Proposal and SVL II or the Principles Based Approach PBA to reserving. This article summarizes the ACLI Interim Proposal to the current Standard Valuation Law which allows a new preferred mortality table to be used and changes Actuarial Guideline 38 to allow lapse.

Description: The author shares the specific of revisions to ASOP No. 41 including general standards for actuarial communication, the treatment of assumptions, and the implications for smaller companies.