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
Presentation
Life Practice Council Submits Presentation to NAIC Life Actuarial (A) Task Force
The LPC gave a presentation to the Life Actuarial (A) Task Force (LATF) at the National Association of Insurance Commissioner’s Spring National Meeting on current and future LPC workstreams.
Topics: NAIC
Committee Releases White Paper on Long-Duration Targeted Improvements (LDTI)
The Life Financial Reporting Committee released a white paper, FASB Long-Duration Targeted Improvements—A Discussion of Enhanced Disclosures, which focuses on certain considerations in implementing…
Comment / Letter
Work Group Submits Comment Letter to the NAIC’s Life Actuarial (A) Task Force (LATF)
The Life Reserves Work Group submitted a comment letter to the National Association of Insurance Commissioners’ (NAIC) LATF on the proposed changes to VM-20 outlined in APF 2023-03.
Topics: NAIC
Comment / Letter
Work Group Submits Comment Letter to the NAIC’s Life Actuarial (A) Task Force (LATF)
The Life Reserves Work Group submitted a comment letter to the National Association of Insurance Commissioners (NAIC) LATF on the proposed changes to VM-20 outlined in APF 2023-03.
Topics: NAIC
Comment / Letter
Work Group Submits Comment Letter to the NAIC’s Valuation of Securities (E) Task Force (VOS)
Work Group Submits Comment Letter to the NAIC’s Valuation of Securities (E) Task Force (VOS)The C1 Work Group submitted a comment letter to the National Association of Insurance Commissioners…
Topics: NAIC
Comment / Letter
Life Practice Council and Casualty Practice Council Submit a Joint Comment Letter to the NAIC’s Big Data and Artificial Intelligence (H) Working Group
Life Practice Council and the Casualty Practice Council submitted a joint comment letter to the National Association of Insurance Commissioner’s Big Data and Artificial Intelligence (H) Working…
Comment / Letter
Work Group Submits Comment Letter to the NAIC’s Risk-Based Capital Investment Risk and Evaluation (E) Working Group (RBCIRE WG)
Work Group Submits Comment Letter to the NAIC’s Risk-Based Capital Investment Risk and Evaluation (E) Working Group (RBCIRE WG).
Presentation
Work Group Submits Presentation to the NAIC’s Life Risk-Based Capital (E) Working Group (LRBCWG)
Work Group Submits Presentation to the NAIC’s Life Risk-Based Capital (E) Working Group (LRBCWG)Annuity Reserves and Capital Work Group (ARCWG) Submits Comment Letter to NAIC Valuation Manual (VM)-22 (A) Subgroup
The Academy’s ARCWG submitted a comment letter to the National Association of Insurance Commissioners’ (VM)-22 (A) Subgroup on their Oct 2022 exposure, Requirements for Principle-Based Reserves…
Comment / Letter
Annuity Reserves Work Group (ARCWG) Submits Comment Letter to NAIC Valuation Manual (VM)-22 (A) Subgroup
Annuity Reserves Work Group (ARCWG) Submits Comment Letter to NAIC Valuation Manual (VM)-22 (A) Subgroup
Topics: NAIC