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 News
Health Committee News
ASB Adopts Final Revision of ASOP No. 5
The ASB recently adopted a final revision of ASOP No. 5, Incurred Health Claim Liabilities. This ASOP provides guidance to actuaries when estimating or reviewing incurred claims when preparing or…
Topics: ASB News
Date Published: 04/27/2017
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Life Committee News
ASB Approves Exposure of Proposed ASOP on Principle-Based Reserves for Life Products
The ASB approved an exposure draft of a proposed new ASOP titled Principle-Based Reserves for Life Products. The proposed ASOP will apply to actuaries when performing actuarial services on behalf of…
Topics: ASB News
Date Published: 04/14/2017
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Life Resources
Testimony
Testimony to NCOIL on Stranger Originated Annuities
Senior Life Fellow testimony to the National Conference of Insurance Legislators regarding Stranger Originated Annuities.
Topics: Annuities
Testimony
Testimony for an NAIC Meeting on Stranger Originated Life Annuities
Life Products Committee testimony for a National Association of Insurance Commissioners (NAIC) meeting on Stranger Originated Life Annuities.
Testimony
Testimony to NAIC on Stranger Originated Annuities
Life Products Committee testimony to the National Association of Insurance Commissioners meeting on Stranger Originated Annuities.
Comment / Letter