PBR Bootcamp: Combination Products

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Both life insurance and annuity products may include health care benefits, such as long-term care or critical illness benefits. This webinar will discuss:

• Options for reserving VM-20 and VM-21;
• Assumption development;
• Impact of modeling and assumption decisions; and
• NGEs.

Holy Moly, Let’s Talk COLI

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Corporate-owned life insurance (COLI) is a niche product with some unique features for the buyer and the seller. This webinar provided a baseline understanding of the history of COLI, what COLI is and is not, general product information and how COLI works, as well as some actuarial considerations pertaining to COLI product development and maintenance. The panel discussed COLI and took questions to give the audience an introduction to COLI.

PBR Bootcamp: Liability Modeling

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The PBR Bootcamp series continues with a discussion of liability modeling. During this session, our dynamic speakers covered the following topics:

• General modeling considerations;
• Differences between VM-20 and VM-21;
• Deterministic vs. stochastic reserves;
• VM-20 exclusion tests;
• VM-21 Standard Projection Amount (SPA);
• Links between liability and asset assumptions;
• Modeling Non-Guaranteed Elements (NGEs); and
• Recent updates to the Valuation Manual.

PBR Bootcamp: Liability Assumption Development

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The following topics will be covered by our speakers:

• Mortality, including HMI/FMI, excess mortality, and VM-20 vs VM-21 considerations);
• Policyholder behavior (PHB), including Materiality, required assumptions, differences between life and annuity products, and interaction between PHB and market environment;
• Credibility;
• Data sources;
• Anticipated experience vs prudent estimates;
• Margins;
• Revenue sharing;
• COVID; and
• Reporting.

PBR Bootcamp: Asset Modeling (Part 2)

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Part 2 of our discussion on asset modeling, part of the broader monthly PBR Bootcamp series, took deeper dive into hot topics.

PBR Bootcamp: Asset Modeling (Part 1)

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Attendees received an overview of asset modeling, starting with the basics in this webinar.

Assets: Regulatory Updates in Life Insurance

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This webinar focused on assets—both their risks and how regulators are responding to those risks in new regulations, including statutory accounting, reporting, designations, and capital requirements.

PBR Bootcamp: Governance and Reporting

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This webinar focused more on the basics of PBR—ideal for those who are new to this work or for those seeking a refresher.

PBR Boot Camp: The Regulatory Perspective

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During this focused seminar, regulators discussed their oversight and review of PBR. The panel featured regulators who have been involved in reviews of PBR for life insurance and variable annuities.

Economic Turmoil and Life Insurance—What’s an Actuary to do?

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Economic turmoil: high inflation, increasing interest rates, stock market volatility and the potential for recession can make an actuary’s practice difficult to navigate.