Annuity Reserves & Capital Subcommittee

The Annuity Reserve and Capital Subcommittee is working with the NAIC to develop a proposal for a principle-based reserve and capital framework requirement for non-variable annuity products.

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Chairperson: Bruce Friedland

Vice Chairperson: Andrew Jenkins
Jonah Von der Embse

Members:

Gerald Adamski
Marc Altschull
Kevin (Xukun) Cao
Brent Dooley
Derek Farmer
Paul Freeman
Yan Fridman
Simon Gervais
Mark Hutchinson
Stephen Krupa
William Matczak
Amanda Muhlbaier
Leonard Reback
Link Richardson
Lee Richert
Justin Serebro
Sam Su
Tian Tian
Andrei Titioura
Ricardo Trachtman
Joshua Weintraub

Related Publications

Subcommittee Comments to LATF on VM-22 Settlement Options

The Annuity Reserves and Capital Subcommittee sent a comment letter to the NAIC Life Actuarial (A) Task Force’s (LATF) VM-22 Subgroup on VM-22 Settlement Options.

Date Published: 12/04/2025

Subcommittee Comments to NAIC on VM-22

The Annuity Reserves and Capital Subcommittee sent a comment letter to the NAIC Life Actuarial (A) Task Force’s VM-22 Subgroup on the VM-22 Aggregation Exposure.

Date Published: 11/18/2025

Comment Letter to the NAIC’s Life Actuarial (A) Task Force VM-22 Subgroup

The Annuity Reserves and Capital Subcommittee sent a comment letter to the NAIC's Life Actuarial (A) Task Force VM-22 Subgroup on the Chair Exposure of VM-22 Retrospective Application.

Topics: NAIC

Date Published: 07/18/2025

Subcommittee Comments to LATF

The Annuity Reserves and Capital Subcommittee sent a comment letter to the NAIC's Life Actuarial (A) Task Force VM-22 Subgroup on the Chair Exposure for Remaining Decisions on Framework.

Topics: NAIC

Date Published: 02/26/2025

Subcommittee Comments on SPA Policyholder Behavior Assumptions

The Annuity Reserve and Capital Subcommittee provided comments to the Valuation Manual (VM)-22 (A) Subgroup on proposed edits to the Standard Projection Amount (SPA) Policyholder Behavior...

Date Published: 02/04/2025