The NAIC is in the midst of an all-out revision of the reinsurance of level term and secondary guarantee universal life policies. Activities include: creation of a new Actuarial Guideline (AG48), creating a new regulation that implements Rector recommendations, Risk Based Capital changes, . . . Read More

Ever since the financial crisis, the rate of change and the impact of the international regulatory community on insurers have been on the increase. Accounting standards for insurance contracts are under review by both FASB in the U.S. and the IASB internationally. Another major development is that the International Association . . . Read More