Academy Statements on Principle-Based Reserving

The Academy has assembled materials to assist actuaries and regulators as the U.S. moves into the implementation phase of PBR for life insurance. Click here to access these materials. Public statements made by the Academy related to PBR are below.

Updated version, in requirement format, of a proposed draft model regulation for review opinions of principle-based valuations. (March 31, 2007)
Life Financial Soundness/Risk Management (SVL2) Committee presentation on PBA efforts. (March 31, 2007)
FS/RM chart showing life groups working ont he principle-based project. (March 31, 2007)
FS/RM provides updated definitions of principles to LHATF. (March 31, 2007)
Life Practice Council presentation to the NAIC Principles-Based Reserving (EX) Working Group with a status report summarizing Council plans for prinicple-based activities in 2007. (March 12, 2007)
Presentation on the modernization in insurance regulation given by the Kansas Insurance Department. (March 10, 2007)
Life Reserves Work Group report  to LHATF regarding principles-based reserves for universal life with a secondary guarantee based on a shadow fund. (April 1, 2006)
Life Reserve Work Group presentation to LHATF regarding a Principles-based Valuation Standard for Life Products. (March 2, 2006)
LRWG report to LHATF regarding considerations for application of principle-based reserving to inforce blocksof business. (March 1, 2006)
Life Reserves Work Group presentation to LHATF on 20-year-term margin examples, and accompanying spreadsheet. (March 1, 2006)
Life Reserves Work Group report on modeling principle-based reserves for 20-year level premium term insurance. (March 1, 2006)
Life Reserves Work Group comments on a New York principle-based reserve memo. (March 1, 2006)
Consistency Work Group report to LHATF defining the principles in the principle-based approach. (March 1, 2006)