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
Law Manual
2025 Life and Health Valuation Law Manual
Date Published: 01/01/2025
Practice Note
Asset Adequacy Analysis (updated for 2024)
This update of the 2017 Asset Adequacy Analysis practice note by the Academy’s Life Valuation Committee provides assistance to actuaries who are faced with the requirement of asset adequacy…
Comment / Letter
Subcommittee Comments to VM-22 Subgroup on Longevity Reinsurance Exposure
The Annuity Reserve and Capital Subcommittee commented to the NAIC’s Valuation Manual (VM)-22 (A) Subgroup on their exposure of a longevity reinsurance reserving proposal.
Presentation
Academy Updates LATF on LPC Activity at NAIC Fall Meeting
Life Policy Analyst Amanda Barry-Moilanen provided an update on Life Practice Council (LPC) activities of interest to the NAIC’s Life Actuarial (A) Task Force (LATF) at their recent meeting in…
Topics: NAIC
Research Paper
Committees Release White Paper on Hedging & Risk Management
The Risk Management and Financial Reporting Council’s (RMFRC) Financial Reporting Committee, ERM/ORSA Committee, and the Life Practice Council’s Life GAAP Reporting Committee released a white…
Comment / Letter
Subcommittee Comments to GOES Subgroup on on SERT Scenario Exposure
The Economic Scenario Generator Subcommittee commented to the NAIC Generator of Economic Scenarios (GOES) (E/A) Subgroup on their exposure of SERT scenarios.
Topics: NAIC
Resource
Applicability Guidelines for Actuarial Standards of Practice
Introduction to the Applicability Guidelines Actuarial Standards of Practice. The Actuarial Standards Board (ASB) sets standards for appropriate actuarial practice in the United States…
Comment / Letter
Life Subcommittee Comments to Colorado on Proposed ACLI Regulation
The Life Underwriting and Risk Classification Subcommittee submitted additional comments to the Colorado Division of Insurance on the ACLI draft proposed quantitative testing regulation, Concerning…
Topics: Life Insurance
Comment / Letter
Subcommittee Comments to SCORI on Underwriting Survey
The Life Underwriting and Risk Classification Subcommittee submitted comments to the NAIC’s Special (EX) Committee on Race and Insurance Life Workstream on the July 17 Exposure of the Survey of Life…
Topics: NAIC
Comment / Letter
Life Subcommittee Comments to SCORI on Underwriting Survey
The Life Underwriting and Risk Classification Subcommittee submitted comments to the NAIC’s Special (EX) Committee on Race and Insurance Life Workstream on the July 17 Exposure of the Survey of Life…
Topics: NAIC