Archive for December 2021
Repricing
Repricing 1988 – SOA – Repricing Considerations — InForce Blocks of Business, Society of Actuaries – 20p 1992 – SOA – Repricing the In-Force Book of Business, Society of Actuaries – 16p ALBERT E. EASTON: I want to begin discussing repricing of traditional life insurance by making some general comments about pricing, not just repricing but all…
Read MoreRate
Rate 1995 – HOW DOES YOUR INSURANCE COMPANY RATE?, Society of Actuaries – 20p GICS, ERISA, DOL, Executive Life
Read MoreNonguaranteed Guarantees
Nonguaranteed Guarantees Next is the topic of nonguaranteed guarantees. The ploy here is how to persuade your agents and your prospective policyholders that you probably won’t increase premium rates, but be sure that they understand that you retain the right to increase rates. — James N. Van Elsen 1999 – Impact of Regulatory Uncertainty on…
Read MoreBonk – Pics
Bonk – Pics 1992 – LC – Grove v Principal – Adjustable Life – Policy Data Page, Jerry Grove – 4p 1975 – SOA – Ordinary–New Products, Society of Actuaries – 18p 1994-1, NAIC Proceedings. FROM: Chris Kite, FIPSCO, DATE: February 22, 1994, RE: Corrections to 1-27-94 Proposal for NAIC Life Insurance Illustration Model Act The Target…
Read MoreChanging Times
Changing Times GooglePlay – Changing Times / Kiplingers – [link] Kiplingers 1981 0304 – NYT – ADVERTISING; Changing Times As an Ad Medium, by Philip H. Dougherty – [link] Adjustable Life Insurance 1977 10 – Changing Times – Adjustable Life Insurance — [BonkNote] “Adjustable” Life Insurance. The idea is to have one policy you can change…
Read MoreGALIC – General American Life Insurance Company
General American Life Insurance Company 1936 December 1, 2, 3, 7, 8 – GOV (House) – Investigation of Real Estate Bondholders’ Reorganizations – Part 20 – Adolph J. Sabath (D-IL) — [BonkNote] MetLIfe Missouri The Life Liquidity Risk Working Group arose from an interest in liquidity matters in 1999 by the Life and Health Actuarial Task…
Read MoreUnified Valuation System
Unified Valuation System 2000 – What Is the Unified Valuation System (UVS) and What Are its Origins?, by Donna C. Novak, Society of Actuaries – 3p 2001 – ENTERPRISE RISK MANAGEMENT MEETS UNIFIED VALUATION SYSTEM, Society of Actuaries – 21p The currently proposed principle-based capital and reserve methodologies devolved from the Unified Valuation System (UVS)…
Read MoreInterest Rate Guarantees
Interest Rate Guarantees Many insurance products offer minimum interest rate guarantees for the life of the contract. In fact, some of these guarantees are mandated by statutory nonforfeiture laws. Although guarantees of 3-5% were once considered minimus, the current low interest rate environment renders them problematic. This session will explore the product design,pricing and investment…
Read More1035 – IRC – Internal Revenue Code
1035 – International Revenue Code (IRC) Another section that’s totally new in the Senate bill is sort of a curiosity piece – Section 1035. The old, seldom-noticed provision of 1035 was that the life insurance and endowment contracts that qualify for 1035 exchanges must be issued by companies taxed under Section 801, meaning life insurance…
Read MoreCARVM – Commissioners Annuity Reserve Valuation Method
CARVM – Commissioners Annuity Reserve valuation Method This was introduced at the December 1976 NAIC meeting, at which time the Commissioners Annuity Reserve valuation Method (CARVM) was defined for the first time. 1978 – Individual Annuities, Society of Actuaries – 16p
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