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.

Life
Capital

Capital

Life and annuity capital adequacy and recommendations to improve life Risk-Based Capital (RBC) requirements.
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Financial Reporting

Financial Reporting

Life insurance and annuity topics that involve financial reporting, with an emphasis on GAAP and international issues.
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Product

Product

Life and annuity product features and their design.
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Reserves

Reserves

The minimum statutory reserve standard for all life and annuity products.
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More Life Issues

Life Resources

Presentation

Subcommittee Presents at SOA ValACT Meeting on Assets

Members of the Life Investment Analysis Subcommittee presented at the Society of Actuaries’ 2024 Valuation Actuary Meeting on Assets for Appointed Actuaries.   
Date Published: 08/28/2024
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Presentation

LPC Gives Update to LATF at NAIC Summer Meeting

Life Policy Analyst Amanda Barry-Moilanen gave an update on Life Practice Council (LPC) activity to NAIC’s Life Actuarial (A) Task Force (LATF) at the NAIC Summer National Meeting in Chicago,…
Topics: NAIC
Date Published: 08/12/2024
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Comment / Letter

LPC Comments to LATF on Reinsurance Issues

The Life Practice Council provided comments to the Life Actuarial Task Force (LATF) regarding LATF’s “Reinsurance AAT Concepts” and “Reinsurance AAT Attribution Analysis” exposures.   
Topics: Reinsurance
Date Published: 07/19/2024
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Comment / Letter

Life Subcommittee Comments to Colorado on Proposed ACLI Regulation

The Life Underwriting and Risk Classification Subcommittee commented to the Colorado Division of Insurance on the ACLI draft proposed quantitative testing regulation, Concerning Quantitative Testing…
Topics: Life Insurance
Date Published: 07/12/2024
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Comment / Letter

Subcommittee Comments to RBCIRE

The Academy’s C1 Subcommittee provided comments to the NAIC’s Risk-Based Capital Investment Risk and Evaluation (E) Working Group on the exposed interim residual tranche proposal by Everlake Life…
Date Published: 06/13/2024
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Comment / Letter

AARITF Offers Analysis to LATF on Reinsurance Issues

The Asset Adequacy and Reinsurance Issues Task Force provided comments to the Life Actuarial Task Force (LATF) regarding LATF’s “AAT Reinsurance Exposure 031724” document.   
Topics: Reinsurance
Date Published: 05/17/2024
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Committee Releases Resource and Discussion Guide on Guaranteed Living Benefits

The Life Experience Committee released a resource and discussion guide, Utilization Assumptions of Guaranteed Living Benefits for Deferred Annuities. The guide suggests some reasons why there may be…
Date Published: 05/09/2024
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Comment / Letter

Subcommittee Comments to Variable Annuities Capital and Reserve Subgroup

The Variable Annuity Reserves and Capital Subcommittee sent comments to the NAIC’s Variable Annuities Capital and Reserve (E/A) Subgroup on the exposure draft of APF 2024-07 that proposes updates…
Topics: Annuities NAIC
Date Published: 05/01/2024
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Comment / Letter

Subcommittee Comments on Oliver Wyman Report

The C1 Subcommittee commented on the Oliver Wyman report on Asset-Backed Securities Residual Tranches that was exposed at the NAIC Spring National Meeting to the NAIC’s Risk Based Capital Investment…
Topics: NAIC
Date Published: 04/09/2024
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Comment / Letter

Committees Comment to FASB on Financial Reporting Draft

The Financial Reporting Committee and the Life GAAP Reporting Committee sent a comment letter to the Financial Accounting Standards Board (FASB) on the exposure draft of Chapter 6: Measurement, of…
Date Published: 03/21/2024
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