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

Presentation to NCOIL on PBR Overview and Implementation Update

Academy Senior Life Fellow Nancy Bennett presentation to the National Conference of Insurance Legislators (NCOIL) National Meeting that provides an update and background on the implementation of…
Date Published: 11/18/2016
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Presentation

Task Force Makes Longevity Risk Presentation to FSOC

The Longevity Risk Task Force gave a presentation to the Financial Stability Oversight Council (FSOC) Nonbank Designations Committee on longevity risk in annuity and life insurance.
Topics: Life Insurance
Date Published: 11/01/2016
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Presentation

Presentation to FSOC Working Group

Longevity Risk Task Force gave a presentation to the Financial Stability Oversight Council (FSOC) Nonbank Designations Committee on longevity risk in annuity and life insurance.
Date Published: 11/01/2016
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Presentation

Task Force Longevity Risk Presentation to Federal Reserve

Longevity Risk Task Force presentation to the Federal Reserve Insurance Policy Group on longevity risk in annuity and life insurance. 
Topics: Life Insurance
Date Published: 09/30/2016
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Presentation

Presentation to FSOC on Regulatory Capital Requirements for U.S. Insurers

Academy Senior Life Fellow Nancy Bennett and Senior Casualty Fellow Jim MacGinnitie presentation to the Financial Stability Oversight Council (FSOC) on regulatory capital requirements for U.S….
Topics: Casualty
Date Published: 12/11/2015
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Presentation

NMWG Presentation on Gross Premium Nonforfeiture Method

Nonforfeiture Modernization Working Group (NMWG) presentation on gross premium nonforfeiture method to the Life Actuarial Task Force at the NAIC Fall 2015 National Meeting. 
Topics: NAIC
Date Published: 11/15/2015
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Presentation

C-1 Work Group Presentation to NAIC on C-1 Factors for Corporate Bonds

C-1 Work Group report and presentation to the NAIC’s Investment Risk-Based Capital Working Group on C-1 factors for corporate bonds.
Date Published: 08/19/2015
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Presentation

Academy Discusses YRT Reinsurance and Guaranteed Issue, Simplified Issue and Preneed Update at NAIC Summer Meeting

Academy representatives Richard Daillak and Mary Bahna-Nolan addressed NAIC Life Actuarial (A) Task Force at the NAIC Summer 2015 National Meeting. Mr. Daillak, Chair of the Life Reinsurance Work…
Topics: NAIC Reinsurance
Date Published: 08/14/2015
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Presentation

Presentation on Lifetime Income Insurance Products at CIPR Symposium

Presentation on lifetime income insurance products and related issues at the NAIC Center for Insurance Policy and Research (CIPR) Symposium on retirement issues. 
Topics: NAIC Retirement
Date Published: 06/16/2015
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Presentation

LPC Presentation on Stress Testing of Life Insurers

Members of the Life Practice Council and Senior Life Fellow Nancy Bennett presentation to the Treasury Department’s Office of Financial Research on stress testing of U.S. life insurers. 
Date Published: 06/12/2015
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