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
Subcommittee Comments on VM-31 and VM-G
The Annuity Reserve and Capital Subcommittee commented to the NAIC’s Valuation Manual (VM)-22 (A) Subgroup of the Life Actuarial (A) Task Force on the Nov 2023 exposure of VM-31, VM-G, and the…
Topics: NAIC
Presentation
Subcommittee Presents to GOES Subgroup
The Economic Scenario Generator Subcommittee presented to the NAIC’s Generator of Economic Scenarios (GOES) (E/A) Subgroup of the Life Actuarial (A) Task Force on proposed “quadrant” criteria…
Topics: NAIC
Comment / Letter
Subcommittee Comments on Targeting Criteria and Evaluation Statistics
The Economic Scenario Generator Subcommittee submitted comments to the Life Actuarial Task Force (LATF) on the Dec 12 exposure of the updated Generator of Economic Scenarios (GOES) Targeting Criteria…
Comment / Letter
Committee Comments on APF 2023-12
The Life Valuation Committee submitted a comment letter to the Life Actuarial Task Force (LATF) on the re-exposure of APF 2023-12 concerning equity return volatility in VM-30 cash-flow testing.
Law Manual
2024 Life and Health Valuation Law Manual
Date Published: 01/01/2024
Issue Brief
Committee Releases Issue Paper on Dynamic Lapses
The Life Experience Committee released an issue paper, Considerations Regarding Dynamic Lapses in Actuarial Modeling. The issue paper explores items that impact lapses and discusses the impact of…
Comment / Letter
Subcommittee Comments on ILVA Product Standards
The Life Index-Linked Variable Annuity (ILVA) Subcommittee submitted a comment letter to the ILVA Subgroup of the Product Standard Committee (PSC) Interstate Insurance Product Regulation Commission…
Presentation
Subcommittee Presents to Risk-Based Capital Investment Risk and Evaluation (E) Working Group
The C1 Subcommittee presented to the NAIC’s Risk-Based Capital Investment Risk and Evaluation (E) Working Group on Updated Principles for Structured Securities RBC at the NAIC’s Fall National Meeting…
Presentation
Life Practice Council Presents to LATF
The Life Practice Council (LPC) presented on current and future LPC workstreams to the NAIC’s Life Actuarial (A) Task Force (LATF) meeting as part of the NAIC Fall National Meeting in Orlando,…
Topics: NAIC
Comment / Letter