Take part in this panel discussion to get up to speed on the latest developments in statutory accounting,
such as principles-based valuation, and how they affect the insurance industry from financial reporting
and/or pricing perspectives. The proposed principles-based reserving (PBR) changes the current
landscape of statutory formulaic reserving for life insurance and annuities from formulaic calculations to
stochastic simulations. Although the implementation issues are challenging, PBR also presents
opportunities for the insurance industry to improve its financial reporting from an asset liability perspective.
The presenters of this session will also address additional developments in statutory accounting principles
such as Actuarial Guideline AXXX, and their implications.
You will:
• Increase your understanding of the impact of the changes to the Standard Valuation Law from
PBR;
• Gain an in-depth understanding of the latest developments of AG AXXX; and
• Learn appropriate strategic plans to implement these changes in the regulations.