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
LPC Presents to LATF at NAIC Spring Meeting
Life Policy Analyst Amanda Barry-Moilanen presented on behalf of the Life Practice Council (LPC) on current and future LPC workstreams to the National Association of Insurance Commissioners’ (NAIC)…
Topics: NAIC
Comment / Letter
Cross-Practice Letter on NY Proposed Circular on AIS and ECDIS in Insurance Underwriting and Pricing
The Academy’s Health, Life, and Casualty practice councils submitted comments on New York State Department of Financial Services’ proposed insurance circular letter on the use of Artificial…
Presentation
Asset Adequacy Task Force Presents to LATF on Reinsurance Issues
The Asset Adequacy and Reinsurance Issues Task Force presented to LATF on its recent issue brief, Asset-Intensive Reinsurance Ceded Offshore From U.S. Life Insurers (With Focus on Bermuda), at the…
Presentation
Subcommittee presents to RBCIRE
The C1 Subcommittee presented to the NAIC’s Risk-Based Capital Investment Risk and Evaluation (E) Working Group (RBCIRE) to provide an update on their work on asset-backed securities (ABS) for…
Presentation
Subcommittee Presents to LATF
The Variable Annuity and Capital Subcommittee and the SOA Individual Annuity Experience Committee presented to the NAIC’s Life Actuarial (A) Task Force (LATF) on proposed mortality adjustment…
Topics: NAIC
Committees Present to LATF on Mortality Adjustment Factors
The Variable Annuity and Capital Subcommittee and the Society of Actuaries Individual Annuity Experience Committee presented to LATF on proposed mortality adjustment factor updates for Valuation…
Topics: NAIC
Annuity Reserve and Capital Subcommittee Presents to LATF
The Annuity Reserve and Capital Subcommittee, along with representatives from EY, presented updates on the upcoming VM-22 Field Test to LATF at the NAIC’s Spring National Meeting in Phoenix.
Topics: NAIC
Presentation
Life Practice Council Presents to LATF
The Life Policy Analyst, Amanda Barry-Moilanen, presented on current and future LPC workstreams to the NAIC’s Life Actuarial (A) Task Force (LATF) as part of the NAIC Spring National Meeting in…
Topics: NAIC
Comment / Letter
Subcommittee Comments on Interest Maintenance Reserve and Cash Surrender Value
The Variable Annuity Reserve and Capital Subcommittee commented to the NAIC’s Life Actuarial (A) Task Force on the order of operations between the interest maintenance reserve (IMR) and cash…
Topics: NAIC
Issue Brief
Issue Brief Examines Bermuda-Ceded Reinsurance Considerations
A new issue brief from the Asset Adequacy and Reinsurance Task Force, Asset-Intensive Reinsurance Ceded Offshore From U.S. Life Insurers (With Focus on Bermuda), offers a summary of motivations,…
Topics: Reinsurance