Life
The Academy’s Life Practice Council (LPC) is dedicated to providing policymakers and regulators with unbiased technical expertise.
From crafting principle-based regulatory frameworks to optimizing risk-based capital strategies, the LPC is at the forefront of innovation in the life insurance industry.
Capital
Life and annuity capital adequacy and recommendations to improve life Risk-Based Capital (RBC) requirements.
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Financial Reporting
Life insurance and annuity topics that involve financial reporting, with an emphasis on GAAP and international issues.
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Life Resources
Comment / Letter
Comments on SSAP No. 109
The Academy’s Life Investment Analysis Subcommittee submitted the comments to the Life Actuarial (A) Task Force in response to an Oct. 1, 2026 presentation by the chair of the NAIC Statutory…
Comment / Letter
Comments on the NAIC Annuity Illustrations Exposure
The Annuity Products Subcommittee of the American Academy of Actuaries offered high-level comments to the NAIC Life Insurance and Annuity Illustration Working Group in response to its Sept. 15,…
Discussion Paper
Considerations When Changing Practice and Subject Area
The actuarial profession encompasses diverse practices—from those that require traditional technical expertise in one or more practice areas to newer disciplines, such as investments and…
Comment / Letter
Comments on the NAIC Draft Buyer’s Guide on Deferred Annuities
Shortening and simplifying the Annuity Buyer’s Guide can help provide appropriate and helpful information to consumers as they consider purchasing annuities. The Annuity Products Subcommittee of…
Comment / Letter
Comments on the VM-22 Inforce Exposure
In this comment letter, the Annuity Reserves and Capital Subcommittee suggests a structured, optional path for retrospective adoption of VM-22 for certain in-force non-variable annuity business,…
Comment / Letter
Comments on the Exposure Draft of SSAP No. 109—Asset Liability Management (ALM) Derivatives
The Academy’s Life Investment Analysis Subcommittee submitted the comments to the Life Actuarial (A) Task Force in response to an Oct. 1, 2026, presentation by the chair of the NAIC Statutory…
Presentation
Statement of Statutory Accounting Principles (SSAP) 109: Asset Liability Management Derivatives
The Life Investment Analysis Subcommittee provided an educational presentation to NAIC LATF explaining SSAP 109’s accounting treatment for asset-liability management derivatives, including macro…
Report
Model Construction and Development of RBC C-1 CLO Factors
In this comprehensive report, the C1 Subcommittee summarizes their work on collateralized loan obligations (CLO) modeling work completed over the past several years. The report begins with the…
Topics: Risk-Based Capital
Comment / Letter
Comments to SAPWG on Reinsurance Collateral for Ceded Business Valued under Principles-Based Reserving
The Risk Management and Financial Reporting Council’s Reinsurance Working Group sent comments to the NAIC’s Statutory Accounting Principles (E) Working Group (SAPWG) on proposed changes to SSAP…
Policy Paper