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

ARWG Update to NAIC VM-22 Subgroup

The Academy’s Annuity Reserves Work Group (ARWG) presentation on the Preliminary Framework Elements for Fixed Annuity PBR  to the NAIC’s Valuation Manual (VM)-22 (A) Subgroup.   
Topics: NAIC
Date Published: 10/21/2020
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Presentation

Presentation on C-3 Work Group Update to NAIC Life Risk-Based Capital (E) Working Group

The Academy C-3 Life and Annuities Work Group (C-3 WG) has a request from the NAIC Life Risk-Based Capital (E) Working Group (LRBC) to “Update the current C-3 Phase I or C-3 Phase II methodology to…
Date Published: 08/21/2020
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Presentation

Life Experience Committee Presentation at NAIC 2020 Summer National Meeting

Life Experience Committee Life Mortality Improvement Subgroup presentation to the Life Actuarial (A) Task Force at the NAIC 2020 Summer National Meeting.   
Topics: NAIC
Date Published: 08/04/2020
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Presentation

Work Group Presentation to NAIC on Accelerated Underwriting

Life Underwriting and Risk Classification Work Group presentation to the NAIC Accelerated Underwriting (A) Working Group.   
Topics: NAIC
Date Published: 06/18/2020
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Presentation

Annuity Reserves Work Group Presentation for NAIC VM-22 Subgroup Summer Meetings

Annuity Reserves Work Group Summer 2020 presentation to the NAIC VM-22 Subgroup on the preliminary framework elements for Fixed Annuity PBR.  
Topics: NAIC
Date Published: 06/11/2020
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Presentation

Preliminary Framework Elements for Fixed Annuity PBR

Annuity Reserve Work Group (ARWG) presentation to the NAIC VM-22 (A) Subgroup on the development of their preliminary framework for fixed annuity PBR.   
Topics: NAIC
Date Published: 05/20/2020
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Presentation

Life Experience Committee Introduction to VBT Analysis Process

Life Experience Committee presentation on the introduction to the Valuation Basic Table analysis process to Life Actuarial (A) Task Force at the NAIC 2019 Fall National Meeting.  
Topics: NAIC
Date Published: 12/06/2019
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Presentation

Life Reserves Work Group Presentation at NAIC 2019 Fall National Meeting

Life Reserves Work Group presentation on PBR treatment for individually underwritten group insurance.   
Topics: NAIC
Date Published: 12/05/2019
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Presentation

Considerations For Changes to the Life Mortality Improvement Factor Process

Life Experience Committee presentation to the Life Actuarial (A) Task Force at NAIC 2019 Fall National Meeting.   
Topics: NAIC
Date Published: 12/05/2019
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Presentation

SVL Interest Rate Modernization Work Group Update at NAIC Summer 2019 National Meeting

SVL Interest Rate Modernization Work Group update to the Life Actuarial (A) Task Force at the NAIC Summer 2019 National Meeting. 
Topics: NAIC
Date Published: 08/01/2019
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