Life news
The Academy's Life Practice Council provides objective technical expertise to policy-makers and regulators on life insurance issues, including a principles-based regulatory approach to reserving and risk-based capital.
The council is led by Tom Campbell, the Academy's vice president for life insurance issues.
Life reports to the NAIC
Recent Academy presentations and reports to the NAIC include a joint Academy/SOA report on margins in mortality valuation tables and an overview of asset modeling and discount rate issues in VM-20.
PBR comments to Treasury
The Academy comments on an IRS notice to life insurers about potential income tax issues concerning proposed principle-based reserving methods.
The next phase: C3 Phase III
The Economic Scenario Work Group develops a proposed scenario generator model for interest rate modeling in principles-based life and annuity capital and reserve calculations.
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