Academy Resources

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Research Paper

PBR: Reserve Credits for YRT Reinsurance A Field Test of Three Amendment Proposal Forms (APFs), Time Zero and Projected Reserves

With the introduction of principle-based reserving (PBR) by the National Association of Insurance Commissioners (NAIC), insurers are required to hold the higher of (a) formulaic reserves based on… Download
Date Published: 05/08/2020
Comment / Letter

LPC Comment Letter on ASOP No. 11 Exposure

Life Practice Council comment letter to the Actuarial Standards Board on the proposed revision of Actuarial Standard of Practice (ASOP) No. 11, Reinsurance Involving Life Insurance, Annuities, or… Download
Date Published: 04/21/2020
Comment / Letter

Committee Responds to Questions About Reporting Retroactive Reinsurance

The Committee on Property and Liability Financial Reporting sent a comment letter to the NAIC’s Statutory Accounting Principles Working Group, continuing a dialogue about financial reporting of… Download
Date Published: 02/28/2020
Comment / Letter

Life Reinsurance Work Group Letter on Model

#787 and AG 48 Similarities Life Reinsurance Work Group comment letter to the NAIC Reinsurance (E) Task Force on the model #787 exposure memorandum on whether Actuarial Guideline XLVIII (AG 48)… Download
Topics: NAIC Reinsurance
Date Published: 02/26/2020
Comment / Letter

Life Reinsurance Work Group Letter on Model #787 and AG 48 Similarities

Life Reinsurance Work Group comment letter to the NAIC Reinsurance (E) Task Force on the model #787 exposure memorandum on whether Actuarial Guideline XLVIII (AG 48) should be considered to be… Download
Topics: NAIC Reinsurance
Date Published: 02/26/2020
Comment / Letter

Solvency Committee Submits Comments to IAIS

The Solvency Committee comments on the International Association of Insurance Supervisors (IAIS) Draft Application Paper on Liquidity Risk Management.  Download
Date Published: 01/23/2020

Work Group White Paper on Estimating the Uncollectible Reinsurance Reserve for P/C Companies

Current Estimate Credit Losses Work Group white paper on the new FASB accounting requirement regarding uncollectible reinsurance.   Download
Date Published: 07/02/2019
Comment / Letter

Committee Comments on Reporting of Loss Portfolio Transfer

COPLFR comment letter to the NAIC regarding ambiguity in how companies should report retroactive reinsurance and other loss portfolio transfer matters. Download
Date Published: 05/23/2019
Comment / Letter

Casualty Practice Council Comments on Pandemic Reinsurance Proposal

The Casualty Practice Council comments on the proposed Pandemic Risk Reinsurance Program being considered by the U.S. House of Representatives Financial Services Committee. Download
Date Published: 05/11/2019
Comment / Letter

Reinsurance Work Group Comment Letter to NAIC on YRT APF

Life Reinsurance Work Group comment letter to Life Actuarial (A) Task Force on APF 2019-17 and 2019-24, addressing yearly renewable term reinsurance.    Download
Topics: NAIC Reinsurance
Date Published: 04/16/2019
Comment / Letter

Work Group Comment Letter on APF 2018-58

Life Reinsurance Work Group comment letter to NAIC on APF 2018-58, which provides guidance for determination of future nonguaranteed yearly renewable term reinsurance rates under VM-20.   Download
Topics: NAIC Reinsurance
Date Published: 01/30/2019
Presentation

Reinsurance Work Group Presentation on PBR Allocation and Reinsurance

Reinsurance Work Group presentation to the Life Actuarial (A) Task Force on PBR Allocation and credit for Reinsurance.   Download
Topics: Reinsurance
Date Published: 11/12/2018
Comment / Letter

Comments to IAIS on Risk-based Global Insurance Capital Standard Version 2.0 (ICS 2.0) Consultation Paper

Solvency Committee comments to the International Association of Insurance Supervisors (IAIS) regarding the Risk-based Global Insurance Capital Standard Version 2.0 (ICS 2.0) public consultation… Download
Date Published: 10/29/2018
Comment / Letter

Comments to IAIS on Common Framework for the Supervision of Internationally Active Insurance Groups (ComFrame) Consultation Paper

Solvency Committee comments to the International Association of Insurance Supervisors (IAIS) regarding the Common Framework for the Supervision of Internationally Active Insurance Groups (ComFrame)… Download
Date Published: 10/18/2018
Comment / Letter

Comments on NAIC Exposure on Group Capital Calculation

Solvency Committee comments to the NAIC’s Group Capital Calculation (E) Working Group on its Scope and Non-Insurance Testing Exposed with Questions document. Download
Date Published: 09/19/2018
Presentation

Work Group Presentation to NAIC on Reinsurance Allocation

Reinsurance Work Group presentation to Life Actuarial (A) Task Force on reinsurance allocation. Download
Topics: NAIC Reinsurance
Date Published: 08/02/2018
Date Published: 02/02/2018
Comment / Letter

Work Group Comment Letter to LATF on YRT Reinsurance Premiums

Life Reinsurance Work Group comment letter to the NAIC’s Life Actuarial (A) Task Force on yearly renewable term reinsurance premiums under Section 20 of the Valuation Manual.   Download
Topics: NAIC Reinsurance
Date Published: 11/07/2017
Comment / Letter

Work Group Comments on Reinsurance Risk Transfer Exposure Draft

The Life Reinsurance Work Group comments to the NAIC’s Statutory Accounting Principles (E) Working Group on exposure draft 2017-28 relating to “Reinsurance Risk Transfer”.  Download
Topics: NAIC Reinsurance
Date Published: 10/13/2017
Comment / Letter

Committee Comments on Proposed New Definition of PC Reinsurance Risk Transfer

The Committee on Property and Liability Financial Reporting’s comment letter to the NAIC’s Statutory Accounting Working Group, questioning the proposed new definition of reinsurance risk… Download
Date Published: 10/04/2017

Credit for Life Reinsurance in U.S. Statutory Financial Statements Exposure Draft

Credit for Reinsurance Subgroup exposure draft of a new practice note, Credit for Life Reinsurance in U.S. Statutory Financial Statements.   Download
Date Published: 05/05/2017
Comment / Letter

Solvency Committee Comments on Investment RBC on NAIC’s ‘Way Forward’

Solvency Committee comments to the NAIC’s Investment Risk-Based Capital (E) Working Group on its “Way Forward” exposure document. Download
Comment / Letter

PBR Strategy Subgroup Comments on XXX/AXXX Credit for Reinsurance Model Regulation Draft

Principle-Based Reserves Strategy Subgroup comments to Reinsurance Task Force on XXX/AXXX Credit for Reinsurance Model Regulation Draft.  Download
Topics: Reinsurance
Date Published: 09/30/2015

Comments to NAIC on Reinsurer Passporting

Reinsurance Committee comments to the National Association of Insurance Commissioners (NAIC) on the draft Certified Reinsurers and Passporting Public Document.  Download
Date Published: 09/11/2015
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… Download
Topics: NAIC Reinsurance
Date Published: 08/14/2015