Description: Article examines some of the shortcomings of Market Consistent Embedded Value reporting as it is currently constructed—particularly in periods of heightened volatility—and recommends some possible improvements that the CFO Forum is likely to consider.

Description: Discusses the newly adopted actuarial guideline for variable annuity reserving which is principles-based. It requires the calculation of both, a standard deterministic scenario reserve and a stochastic reserve - of which the larger of the two is used. This article discusses why for some companies the deterministic reserves dominate and for others the stochastic one does.

Description: The paper explores developments through 2006 in the application of market-consistent concepts to the measurement of fair values of liabilities for financial reporting purposes.

Description: In this article, the author gives an overview a number of Enterprise Risk Management ERM issues that arise when one considers the impact of income tax on a fair value accounting system.

Description: The presenters will provide an overview of the current life insurance M&A landscape, along with insight on leading practices and lessons learned in the deal and merger integration processes.Topics include:M&A market update: recent M&A deal trends in the life insurance industry in the United States and globally; drivers and motives for buyers and sellers in the current environment; and outlook on the future M&A market for life insurersDeal process: key considerations and leading practices at each stage of the deal processLesson learned: a retrospective look at one or more case studies - key challenges and success stories

Description: The author speculates that the world wide promulgation of fair value accounting standards will make the normal shape of the rate curve downward sloping rather than the upward sloping curve that is normally seen. The author explains why this trend is expected.

Description: Discussion that reinsurance regulation is driving the amount and hence the cost of capital and hence the ability of reinsurers to price products competitively

Description: Article discussing developments in Principle-Based Approach: net asset earned rates and discount rates, and net premium approach.

Description: Compares Fair Value of liabilities under US GAAP to Solvency II.

Description: This article uses the example of a bullet or general account GIC to determine the fair value of liabilities.