LINDA LANKOWSKI PATRICIA MATSON ACHS MAY 14 2019
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LINDA LANKOWSKI PATRICIA MATSON ACHS MAY 14, 2019 Statutory Valuation Hot Topics
Life PBR LINDA LANKOWSKI
Life PBR: VM-20 (Reserves) Mortality Segments and Credibility Substandard mortality for NPR Guaranteed Issue Mortality IUL Crediting Rate YRT Reinsurance General Cleanup
Life PBR: VM-31 (Reporting) Additional Governance reporting Materiality Templates for Experience Studies General Cleanup
Variable Annuity PBR PATRICIA MATSON
VA PBR: VM-21 (Reserves) Consistency between Reserves and Capital (RBC) Standard Projection Mortality/Improvement Scale 403 (b) Assumptions Economic Scenario Generator Early Adoption Possible
VA PBR: VM-31 (Reporting) Single Location for All Reporting Requirements Reporting Format Standardized (see Life PBR reporting)
Fixed Annuity PBR PATRICIA MATSON
Fixed Annuity PBR: VM-22 (Reserves) Currently only SPIA Interest Rates Will include PBR methodology Separate Deferred and Immediate Methodologies ◦ VM-22 ◦ VM-23
Fixed Annuity PBR: VM-31 (Reporting) Not yet under consideration
Miscellaneous LINDA LANKOWSKI
Life PBR: VM-50/51 (Data Collection) New Data Format Security Confidentiality
NY PBR Life Insurance ◦ 75% Current DFS Method as Floor for Term ◦ 100% Current DFS Method as Floor for ULSG Variable Annuities ◦ Complicated (VERY) ◦ Extra Conservatism from AG-43 Fixed Annuities ◦ Different Interest Rate than VM-22
Questions and Answers LINDA LANKOWSKI and PATRICIA MATSON
