How will VM-22 guidelines impact the need for reinsurance, which plays such a central role in addressing current CARVM reserving burdens? The answer will be different for each insurer, …

2025年8月19日 · Companies with significant tail risk exposure may rely on reinsurance to stabilize reserves and manage capital more effectively. Solutions will need to be tailored to …

VM-22 represents a proposed principle-based valuation framework compared with the traditional formulaic approach (commissioners’ annuity reserve valuation method (CARVM)).

2025年6月3日 · These findings (or lack thereof) naturally raise a key question: Why do some insurers see increases in reserves while others see decreases within the same product type, …

2024年5月10日 · In the proposed VM-22 framework, all non-VA contracts are classified into reserving categories, 5 specifically accumulation annuities, payout annuities, and longevity …

The Guideline codifies the basic interpretation of the Commissioners Annuity Reserve Valuation Method (CARVM) by clarifying the assumptions and methodologies that will comply with the …

Commissioners' Annuity Reserve Valuation Method (CARVM) refers to statutory cash reserves. CARVMs do not include expenses or lapses in the policy. CARVMs do include nonforfeiture …

Finally, this change might lead to additional activity for reinsurance. Previously some companies were ceding the redundant reserves inherent in the conservatism of AG35, but this might need …

Aggregation ok within counterparties (multiple treaties with a single assuming company)? Anticipate the concerns we'll find in reinsurance asset adequacy testing that we should attempt …

2025年7月11日 · It is not uncommon to have reserve financing or reinsurance in place for new business to reduce reserve strain. Some treaties might require renegotiation if statutory reserve …