Standards for Stochastic Methods Work Group presentation and slide set to the NAIC's Life Health and Actuarial Task Force (LHATF), and to the Life RBC Working Group on stochastic calculations. (
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Joint AAA-SOA Preferred Mortality Project Oversight Group presentation to the NAIC offering an update on the joint AAA-SOA preferred mortality project. (
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Life Financial Soundness and Risk Management Committee presentation to the Principle-based Regulation Working Group on applying the principle-based approach to valuation and capital requirements.
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Universal Life Work Group (ULWG) presentation to LHATF clarifying the purpose of the ULWG, reviewing the definition of a principle-based approach, summarizing the level of industry support for a principle-based approach, describing the basic framework of the new approach, and discussing future LHATF involvement with the ULWG. (
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Life Reserves Work Group presentation to the NAIC's Life Actuarial (A) Task Force on deterministic reserve considerations for indexed universal life (UL) under VM-20. ()
Longevity Risk Task Force gave a presentation to the Financial Stability Oversight Council (FSOC) Nonbank Designations Committee on longevity risk in annuity and life insurance. ()