PBR for Regulatory Actuaries

Principle-based reserving (PBR) for life and annuity products is currently being adopted in states around the country, and this is your chance—as a state regulator— to get a head start on reserving regulations in a principle-based world!
 
Attend this webinar to hear experts discuss the principle-based reserving requirements as outlined in VM-20. This webinar will give regulatory actuaries a clear understanding of the reserves required in VM-20 by providing examples of net premium, stochastic and deterministic reserves. In addition, presenters will discuss the potential development of an aggregate margin to replace the current individual margin approach, and the exposure draft of the PBR Actuarial Standard of Practice, “Principle-Based Reserves for Life Products.”
 

PRESENTERS

Cande Olsen, FSA, MAAA, CLU
Cande is the vice president of the Actuarial Resources Corporation of Georgia in its New Jersey office. She consults on individual life, annuity and long-term care regulatory actuarial and compliance issues. Before joining Actuarial Resources Corporation of Georgia, Cande was with New York Life Insurance Company, where she held a wide variety of actuarial positions, most recently in the government relations area.
 
Cande has been very involved in Academy volunteer work, serving as vice president of the Life Practice Council and a member of the Board of Directors. Prior to that, she was vice chairperson of the Life Practice Council; chairperson of the Life Products Committee, Volunteer Resource Committee, and Young Actuaries Committee, and a member of the Council on Professionalism.
 
She is currently a member of the Council on Professionalism’s Task Force on Discipline, and is still heavily involved in many of the committees and work groups of the Life Practice Council.
 
David E. Neve, FSA, CERA, MAAA
Dave is vice president of the Global Atlantic Financial Group in Des Moines, IA. His responsibilities include reserve valuation, financial modeling, experience reporting, capital management and forecasting, managing regulatory and rating agency capital requirements, and monitoring regulatory reserve developments.
 
He is an actuarial executive with 35 years of experience in capital management, reserve valuation, financial reporting & forecasting, enterprise-wide risk modeling, and corporate finance. Dave is an industry leader in assisting the NAIC in developing a new principle-based valuation framework, and is a frequent speaker at industry and actuarial conferences, seminars and webinars.
 
He holds a variety of leadership positions at the Academy, including vice-chairperson of the Life Practice Council, chairperson of the Life Financial Soundness/Risk Management Committee and chairperson of the Life Reserves Work Group. He completed a three year term on the Board of Directors of the Academy in October of 2012.

WHO SHOULD ATTEND

Regulatory actuaries interested in PBR
 

DETAILS

Webinar: PBR for Regulatory Actuaries
Nov. 20, 2013
Noon – 1:30 p.m. Eastern
 

REGISTRATION

• Registration fee: FREE
• Online registration: Click here to register

CONTINUING EDUCATION

The American Academy of Actuaries believes in good faith that your attendance at this webinar, “PBR for Regulatory Actuaries,” may constitute an organized activity as defined under the current Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States. Under these Qualification Standards, an hour of continuing education is defined as 50 minutes, and fractions of an hour may be counted.
 

QUESTIONS

• For more information about this webinar, contact Kyla Ruiz at ruiz@actuary.org or 202-785-7877.
• For technical questions about registration, please contact WebEx customer support at support@webex.com or 1-866-229-3239.

Webinar Slides