PBR in Practice: A Practical Look at PBA Projections 

Projecting principle-based reserves (PBR) and required capital continues to grow in both necessity and complexity. Recent developments, including the introduction of VM-22 and the Generator of Economic Scenarios (GOES), are driving this shift. This session will explore how actuaries can navigate that complexity in practice.  

Speakers will discuss: 

• Common use cases for principle-based approach (PBA) projections, such as asset adequacy testing (AAT), risk-based capital (RBC), forecasting, pricing, and dynamic investment strategies. 
• Recent regulatory and industry changes affecting this space. 
• Assumption setting considerations, focusing on the connection between outer loop projection path assumptions and inner loop principle-based valuation assumptions. 
• Modeling considerations, including inner loop and outer loop implementation, efficiency techniques, and validation of results. 

This webinar is designed for actuaries directly involved in, or supporting, PBA projections who want a practical, forward-looking discussion of these developments and challenges.  

By the end of this webinar, participants will be able to: 

• Assess the implications of recent developments for PBA projections. 
• Evaluate key modeling considerations, including implementation approaches, efficiency techniques, and validation practices. 
• Communicate PBA methodologies, assumptions, and results more effectively to company management 

MODERATOR

Jason Kehrberg, MAAA, FSA
Member, Life Reserves Subcommittee

SPEAKERS

Jason Neufeld, FSA
Senior Manager, PwC

Kyle Walster, MAAA, FSA
Vice President & Actuary, Northwestern Mutual

Matthew Parent, MAAA, FSA
Director, Actuary, Corporate Actuarial Finance & Actuarial Division, Thrivent

REGISTRATION

Registration for this webinar is limited to the first 1,000 registrants. Visit our webinar FAQs to learn more about our webinar policies, including group registration.

For more information about this webinar, contact [email protected].

Event Pricing

• Members: $55
• Nonmembers: $110
• Group Registration for Academy Members: $500

Complimentary registration is available to the following cohorts of Academy members. Contact [email protected] to request a discount code to register.

• Government regulators
• Academy volunteers who meet both
  • “active” members of an Academy committee, board, subcommittee, task force, or work group; and
  • qualified for either a partial or full dues waiver during 2026.

Contact [email protected] to request a discount code to register

CONTINUING EDUCATION

The American Academy of Actuaries believes in good faith that attendance at this live professionalism webinar constitutes an organized activity as defined under the current Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States, and that attendees may earn up to 1.8 organized, bias, and professionalism continuing education (CE) credits for attending this live webinar. 

ADDITIONAL INFORMATION
Registration for this webinar is limited to the first 1,000 registrants. Visit our webinar FAQs to learn more about our webinar policies, including group registration. For more information about this webinar, contact ed