Description: In this article, we explore key insights from Oliver Wyman's 2020 Life PBR Emerging Practices Survey, which provides a broad industry perspective with more than 50 companies participating representing 95 percent of the individual life market (by written premium). Insights include the impact of PBR on reserves and profitability in addition to emerging practices related to product design, assumption development, and methodology decisions.

Description: Summary of recent changes to IRS Section 7702 Interest Rates, and how it will impact the design of life insurance products in the future.

Description: This article summarizes the key changes to VM-31 requirements in the 2020 version of the Valuation Manual for both life and variable annuities, and compares and contrasts the requirements for each. In addition, the article offers insights into common issues and recommendations for VM-31 reports from the viewpoints of a regulator, consultant, and company actuary.

Description: Read the Quo Vadis Reinsurance.

Description: This article discusses valuation guidelines for participating whole life policies, that should be, in the authors opinion, consistent with guidelines for other types of policies.

Description: Summary of the SOA research project on PBR Simplified Methods. Describes the multi-risk scenario generator, central estimate assumptions, assumption objectivity measures, and regulatory demonstrations per VM-20.

Description: Description and welcome to the 2020 Canadian Reinsurance Conference including highlight of the key note speaker

Description: This is a critique of J.M. Belth's book titled The Retail Price Structure In American Life Insurance.

Description: On January 1, 1986, a life insurance company began issuing whole life policies countrywide on a non-medical issue basis. Each applicant was asked whether he was a smoker or non-smoker. This article looks at the 1st duration smoker/non-smoker mortality.