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

Academy Presentation on Longevity Reinsurance

Academy Presentation to NAIC Valuation Manual (VM)-22 (A) Subgroup on Longevity Reinsurance  
Topics: NAIC Reinsurance
Date Published: 05/05/2022
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Presentation

LPC Presents to LATF at Spring National Meeting

Academy Life Vice President Ben Slutsker gave a presentation on recent Life Practice Council activity to the NAIC’s Virtual 2022 Life Actuarial Task Force (LATF) Spring National Meeting.
Topics: NAIC
Date Published: 03/31/2022
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Presentation

Work Group Presents to LATF on ESG

The Economic Scenario Generator Work Group presented an update on Model Office Economic Scenario Generator (ESG) Testing to the NAIC’s Life (A) Actuarial Task Force (LATF). The presentation…
Topics: NAIC
Date Published: 03/17/2022
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Comment / Letter

Academy Work Groups present to NAIC on Swap Spreads and LIBOR Transition to SOFR

The Life Reserves Work Group, Annuity Reserves and Capital Work Group, and Variable Annuity Reserves and Capital Work Group submit an amendment proposal and presentation to the NAIC’s Life…
Topics: NAIC
Date Published: 03/10/2022
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Presentation

Economic Scenario Generator Work Group’s Model Office Testing Presentation to LATF

The Economic Scenario Generator Work Group’s presentation to the National Association of Insurance Commissioners’ Life Actuarial (A) Task Force on model office testing scenarios of the new economic…
Date Published: 03/03/2022
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Presentation

LPC’s Update to the Life Actuarial (A) Task Force at the NAIC 2021 Virtual Fall National Meeting

Former Life Vice President Laura Hanson’s presentation providing an update of Life Practice Council activities to the Life Actuarial (A) Task Force at the National Association of Insurance…
Topics: NAIC
Date Published: 12/08/2021
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Presentation

LPC Presents Update to the Life Actuarial (A) Task Force at the NAIC 2021 Virtual Fall National Meeting

Life Vice President Laura Hanson gave an update of the Life Practice Council activity to NAIC’s Life Actuarial (A) Task Force.   
Topics: NAIC
Date Published: 08/12/2021
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