Description: To comply with VM reporting requirements, what is the simplest path for a small company that has passed the Deterministic Exclusion Test and the Stochastic Exclusion Test?

Description: The days of reinsurance treaties bound by a handshake are long gone. Treaties have evolved into complex legal documents. The session will use a recently released study on recapture provisions as a starting point and will expand the discussion to other key treaty provisions. The focus will be on understanding the intentions, concerns and relative positions of both the direct company and the reinsurer so that a mutually beneficial compromise can be explored.

Description: An observation is made regarding the impact interest rate scenarios have on VM-20 stochastic reserves.

Description: With the halfway point of the transition period in the rear view mirror, many companies are well underway with their VM-20 implementation and analysis efforts. Beyond attempting to master the new rules of the road, actuaries have discovered new effects of product design and assumption setting. Panelists in this session will discuss their experiences with VM-20 reserves for various products and designs, their applications of actuarial judgement and the areas where even they don’t have all the answers. The audience is encouraged to bring their questions and also to share their insights.

Description: A discussion on VM-20 reserves over the last decade.

Description: View the Corporate Finance and Enterprise Risk Management (CFE)Course Study Note: How Business Dynamics Applies to Actuaries.

Description: A discussion of regulatory oversight of PBR with two former regulators to give some insight into how your company should be preparing for new PBR requirements.

Description: The reviewer thought this quick read was well worth the trip to the library which contained common sense, simplistic messages. From The Stepping Stone, February 2012, Issue No. 45.

Description: This PBA Implementation Guide provides verbal summaries and visual flow chart overviews of various VM-20 and PBA components and requirements, six Case Study Road Maps, and action items to bridge the gaps and implement PBA. During the Guide’s development these templates and exercises were vetted with more than 15 participants selected from a diverse group of companies

Description: An illustration of how to calculate the Stochastic Exclusion Ratio Test given the required inputs as described in the Valuation Manual VM-20 (based on the December 2, 2012, version).