December 2012 Meeting

Event:  December 2012 Meeting

Topic:  NAIC Update on Life Principle-Based Reserves and Actuarial Guideline 38

Speaker:  Don Maves, FSA, Manager, Actuarial Services, PolySystems Inc
This session will cover Principle-Based Reserves life insurance updates since the NAIC adoption of the Valuation Manual in August.  The Valuation Manual is a work in progress and will likely continue to be so until and even after it becomes effective.
This session will also cover significant changes to AG 38 for both existing and new business.

Donald Maves is Manager, Actuarial Services with PolySystems, Inc, where for fourteen years he has advised clients in the installation of financial reporting software for life insurance companies.  Mr. Maves has more than 30 years of actuarial experience with life insurance companies covering pricing, financial reporting (statutory, GAAP, and tax), financial projections, and actuarial regulatory issues.  He was Chair of the industry task force that advised the NAIC on the original XXX regulation.  Mr. Maves is a Fellow of the Society of Actuaries and a Member of the American Academy of Actuaries.  He graduated from Purdue University with a B.S. in Mathematics.  Mr. Maves is a frequent speaker at Society of Actuaries meetings and events.

Date:  Tuesday December 11, 2012 
3:30 Registration   /   4:00 Speaker   /   5:00 Reception, hors d’oeuvres and drinks

Location:  Blue Cross & Blue Shield of IL
300 E. Randolph St., Chicago, IL 60601
Columbus Room B (up the escalator)

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