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
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
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