The Academy’s Life Experience Committee released a discussion brief on credibility in life insurance modeling.
( )The Academy’s Life Illustrations Work Group submitted comments to the National Association of Insurance Commissioners’ Indexed Universal Life (IUL) Illustration (A) Subgroup on the Oct.13 exposure of Actuarial Guideline 49-A Quick Fix Proposals.
( )The Academy’s Index-Linked Variable Annuity Work Group submitted a comment letter and corresponding redline to the National Association of Insurance Commissioners’ Index-Linked Variable Annuity (A) Subgroup on the Oct. 13 exposure of proposed Actuarial Guideline ILVA.
( )The Academy’s C-2 Mortality Work Group submitted to the Life Risk-Based Capital (E) Working Group for its consideration for adoption a proposed supplement to the instructions for the National Association of Insurance Commissioners’ newly adopted C-2 Mortality Factors to address implementation and application questions.
( )The Academy’s Life Experience Committee released a discussion brief on the impacts of inflation, interest rates, stock market volatility, and potential recession on life insurance business.
( )The Academy’s Annuity Reserves and Capital Work Group, Variable Annuity Reserves and Capital Work Group, and Life Reserves Work Group submitted a comment letter to the National Association of Insurance Commissioners’ Life Actuarial (A) Task Force on APF 2022-04 Swap Spreads and the transition from LIBOR to SOFR.
( )The Academy’s Annuity Reserves and Capital Work Group, Variable Annuity Reserves and Capital Work Group, and Life Reserves Work Group submitted a comment letter to the National Association of Insurance Commissioners’ Life Actuarial (A) Task Force on APF 2022-04 Swap Spreads and the transition from LIBOR to SOFR.
( )The Academy’s Economic Scenario Generator Work Group submitted a presentation to the National Association of Insurance Commissioners’ Life Actuarial (A) Task Force Subgroup on Economic Scenario Generator (ESG) Stylized Facts for Equities.
( )The Academy’s Index-Linked Variable Annuity Work Group submitted comments to the National Association of Insurance Commissioners’ Index-Linked Variable Annuity (A) Subgroup on its fifth exposure draft of the proposed Actuarial Guideline ILVA, Nonforfeiture Requirements for Index Linked Variable Annuity Products.
( )The Academy’s Life Illustrations Work Group submitted a comment letter to the National Association of Insurance Commissioners’ Life Actuarial (A) Task Force and its Indexed Universal Life (IUL) Illustration (A) Subgroup regarding the August 15, 2022 Indexed Universal Life (IUL) Illustration (A) Subgroup Indexed Universal Life Exposure.
( )The Academy's Lifetime Income Risk Joint Committee released an issue brief that provides a discussion of the various types of insured annuities available to individuals and their potential uses, as well as some relevant tax implications.
( )The Academy's Lifetime Income Risk Joint Committee released an issue brief that that provides a discussion of a variety of approaches for adding annuity options to defined contribution (DC) plans providing for insured lifetime income that begins immediately, is deferred, or is provided under an accumulation product that converts funds to lifetime income.
( )The Academy's Lifetime Income Risk Joint Committee released an issue brief providing a discussion of Qualifying Longevity Annuity Contracts (QLACs), which are insured annuities paid out one or more years after purchase, possibly starting at an advanced age.
( )The Academy’s Index-Linked Variable Annuity Work Group submitted a comment letter to the National Association of Insurance Commissioners’ Index-Linked Variable Annuity (A) Subgroup regarding Exposure 4 of the Proposed Actuarial Guideline ILVA, Nonforfeiture Requirements for Index Linked Variable Annuity Products.
( )The Academy’s Annuity Reserves and Capital Work Group (ARCWG) submitted comments to the National Association of Insurance Commissioners’ Valuation Manual (VM)-22 (A) Subgroup on its exposure draft regarding specific treatment in the VM-22 Framework for addressing longevity reinsurance.
( )The Academy’s Life Illustrations Work Group submitted a comment letter to the National Association of Insurance Commissioners’ Indexed Universal Life (IUL) Illustration (A) Subgroup regarding the July 18, 2022 Indexed Universal Life Exposure.
( )The Academy’s Index-Linked Variable Annuity Work Group submitted a comment letter to the National Association of Insurance Commissioners’ Index-Linked Variable Annuity (A) Subgroup regarding Exposure 3.1 of the Proposed Actuarial Guideline ILVA, Nonforfeiture Requirements for Index Linked Variable Annuity Products Support by Non-Unitized Accounts.
( )The Academy’s Life Experience Committee and the SOA’s Preferred Mortality Project Oversight Group submitted a presentation providing an update to the National Association of Insurance Commissioners’ Life Actuarial (A) Task Force on Future Mortality Improvement Scale Development (VM-20).
( )The Academy’s Economic Scenario Generator Work Group submitted a presentation to the National Association of Insurance Commissioners’ Life Actuarial (A) Task Force regarding a proposed schedule to develop acceptance criteria for stochastic sets of economic scenarios.
( )The Academy’s Life Experience Committee submitted a List of Resources to the National Association of Insurance Commissioners’ Life Actuarial (A) Task Force regarding COVID-19 in Life Insurance Mortality Improvement.
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