Description: A review of Actuarial Guideline AXXX

Description: Author identifies the issues, especially as they relate to smaller insurers, and then lists some provisions of current pending federal legislation.

Description: The article discusses the proposed revisions to the AOMR Actuarial Opinion and Memorandum and how it will affect insurance companies.

Description: This article discusses regulatory proposals and developments at both the state and federal level that call for small insurer vigilance.

Description: Discussion of the insurance industry in Ireland and the related regulatory and tax issues.

Description: Describes the risk-based capital measure adopted in Switzerland.

Description: Observations from the author's experiences auditing blocks of LTCI business.

Description: Increased attention was paid to regulatory capital with the global financial crisis in 2008. Whilst companies may not have the incentives to retain a large amount of capital in the absence of regulatory capital requirements, overcapitalized entities can have drawback such as its impact on competitiveness. There are other weaknesses in the regulatory capital model such as its limitation in facilitating risk-based decisions as regulatory capital does not necessarily reflect the economic reality and risks an entity faces. Nonetheless, there are ways for regulators and/or companies to handle the weaknesses in the regulatory capital model. For instance, granularity can be introduced in determining regulatory capital. Economic capital can be used to encourage entities to implement risk management controls and facilitate risk-based business decisions (e.g., risk-adjusted performance assessment and risk-based capital allocation). Ultimately, hav ing effective risk management and risk-based capital determination are ways to prevent company failures and bankruptcies.

Description: This article provides an update on the development of model regulations for synthetic GICs and guaranteed separate account products.

Description: This article provided a 1998 update of Mutual Insurance Holding Companies. Subjects covered included state-by-status enabling status, policyholder rights under an MIHC, advantages, and criticisms.