Event: December 2008 Meeting
Topic: PBR and VACARVM, NAIC Update
The NAIC is nearing completion of a new Standard Valuation Law to introduce Principle Based Reserves. This session provides the latest update from the NAIC's December meeting. The recently adopted version of VACARVM will also be discussed, as well as any other emerging variable annuity issues.
Come to discover the latest developments, and bring your PBR questions.
Speakers:
Don Maves, FSA, Manager, Actuarial Services – PolySystems, Inc.
Tim Gaynor, FSA, Vice President – Polysystems, Inc.
Don is Manager, Actuarial Services, with PolySystems. He has more than 30 years of experience in pricing, financial reporting (GAAP, statutory, and tax), financial projections, and actuarial regulatory issues. He was the Chair of the industry task force that advised the NAIC on the original XXX regulation. Don speaks annually at the SOA/PolySystems education week and has been a speaker at SOA meetings
Tim is a Vice President at PolySystems. He has more than 15 years of experience in the insurance industry. He spent many of these years designing and testing a valuation system for variable annuities. Many insurers use this valuation system to calculate reserves for Guideline 33, 34, 35, 39, VACARVM and FAS 133. Tim speaks annually at the SOA/PolySystems education week and has been a speaker at SOA valuation meetings.
Date: Tuesday, December 16, 2008
3:30 Registration / 4:00 Speakers / 5:00 Hors d’oeuvres reception
Location: Blue Cross & Blue Shield of IL, CAL Conference Room 8