Risk Based Capital Annuities

Economic Capital Related To Pension Closeout And Payout ...
Annuities (SPIA) Age Annual Benefit Lives 65 50,000 7,000 70 43,600 6,000 3 75 38,800 5,000 80 34,200 4,000 85 27,700 3,000 * All lives are males. Statutory Reserves Statutory Capital §NAIC Risk Based Capital (RBC) ... Read Here

Variable Annuity Risk Management And Hedging Effectiveness
Economic Capital under alternative Source: Variable Annuities by Ledlie et al (2008) (BHedgecosts: 75 bps) •Liququ d y a d c ed s o O C based edges asidity and credit risk of OTC based hedges was problematic ... Fetch Content

Recommended Approach For Setting Regulatory Risk-Based ...
Several years ago, the NAIC’s Life Risk-Based Capital (RBC) Working Group asked the American Academy of Actuaries (Academy) to take a fresh look at the C-3 component of addressed interest rate risk for annuities and single premium life. For Phase I, ... Access Document

The Hartford Financial Services Group, Inc.
Fixed Annuities $10.9 B 10.0% Total Principal First & PF Preferred $31.1 B 28.5%. 6 – Reserves and Risk-Based Capital (RBC) – Applies to Variable Annuity contracts and associated guarantees – RBC is expected to be implemented for year-end 2005 ... View Doc

Safe Investment Risks - All Investments Have Risk - Even Safe ...
Do safe investments still have risk? For example, Insurance companies are required by law to keep substantial amounts of capital that remain available to pay claims. If you are willing to tie your money up for longer periods of time, with CD's or annuities for example, ... Read Article

NAIC Bulletin: November 2011 - Home - Ernst & Young - United ...
And create new risk-based capital (RBC) factors. The task force also discussed a request to remove the requirement to rate 10% of the dollar value of all Schedule D bonds and preferred annuities is necessary in product filings for states to be able to ... Document Viewer

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NAIC Risk-Based Capital Walter Bell NAIC President and Alabama Insurance Commissioner C-3 Phase I Interest rate risk of annuities and single premium life Based on cash flow testing of assets and liabilities Originally, ... Access Full Source

Structured Settlement Annuities: Safe, Secure And Highly ...
Annuities. A higher risk-based capital ratio indicates greater financial security. As this chart shows, the financial security and reserves that back annuities today are at their highest level in years. In the extremely rare event that a ... Get Content Here

Public Worker Retirees Take Another Pension Hit
Some 63,000 retirees will take another 9.6 percent hit but many others won't since they are already at their "floor" ... Read News

To: Capital Adequacy (E) Task Force From: C-3 Phase II ...
For calculating market, interest rate and expense recovery risk for variable annuities. Risk Based Capital Filings for 2004 and 2005 2) Actuarial Certification that required capital followed NAIC RBC Instructions 3) Supporting Actuarial Memorandum ... Fetch Content

Capital Requirements For Variable Annuities - Discussion Paper
Capital Requirements for Variable Annuities - Discussion Paper August 2009 Insurance Supervision Department . Contents Regulatory Risk-Based Capital Requirements for Variable Annuities and ... Return Doc

Mortgage-backed Security - Wikipedia, The Free Encyclopedia
There are two types of classifications based on the issuer of the security: Agency, or government, issued securities, by government-sponsored enterprise issuers such as Fannie Mae, thereby facilitating risky capital structures and allowing credit risk under-pricing. ... Read Article

Society Of Actuaries RESULTS OF THE SURVEY ON VARIABLE ...
Minimize risk for product guarantees on Variable Annuities. With the continued introduction of hedging programs by companies as an effective risk management tool, a Do you claim a credit for risk based capital purposes for any offsetting ... View Document

Hedging Financial Risk In Equity Indexed Annuities And ...
Bob Young Risk Capital (www.riskcapital.com) margin-at-risk calculation is based on some defined confidence interval, e.g., 95%, and While basis risk is not an issue for hedging equity indexed annuities, basis risk is intrinsic ... Fetch Full Source

Ed Morgan Scott Mitchell
Impact of realistic reporting and risk-based capital requirements on life product design Ed Morgan Scott Mitchell Zürich, 26 May 2010. 2 Introduction Variable Annuities can be an attractive alternative for policyholders to ... View Doc

Hartford Financial 2012 Earnings Now A Loss After Third-Quarter Restatement
Hartford Financial 2012 Earnings Now a Loss After Third-Quarter Restatement ... Read News

S&P emphasizes “strategic” enterprise risk management modeling Risk-based capital — Adopted in the 1990s and updated with latest C-3 Phase II (variable annuities) has been effective since 2005 Life insurance (“C-3 Phase III”) ... Get Doc

NAIC: Insurance Industry Is Sound
Risk-based capital and asset valuation reserves are unaffected. Life Insurance and Annuities; Property and Casualty Insurance; Workers Compensation ; Insurance Company Profiles; News and Trends; Insurance Careers; Insurance Office Operations; ... Read Article

Slide 1
Introduction IAA Risk-Based Capital Solvency Structure Working Party formed in 2002 Terms of reference: long term mortality changes affect all mortality-related insurance/annuities Catastrophes: 9/11 ripple effect over many lines (life, business interruption, health, property, ... Access Doc

MetLife Confirms First Quarter 2013 Preferred Stock Dividends
MetLife, Inc. today confirmed its previously announced declaration of the first quarter 2013 dividends of $0.2500000 per share on the company’s floating rate non-cumulative preferred stock, Series A , and $0.4062500 per share on the company’s 6.50% non-cumulative preferred stock, Series B . ... Read News

Risk Management Life Insurance Industry Milliman USA
Annuities 2. Life Company Risk Management Best Practices 3. Society of Actuaries Risk Society of Actuaries Risk Management Task Force. Milliman USA The Hot Product of the 1990’s 1991 1992 Risk Based Capital (Regulatory Capital Requirement) ... Retrieve Content

Principles-Based Update -Annuities - Actuarial Jobs ...
Principle-Based Capital –Market Risks Phases of “C3” standards C3 Phase I – interest rate risk on fixed annuities C3 Phase II – variable annuities with guarantees C3 Phase III – life insurance and annuities ... Fetch Document

A. CAPITAL & SURPLUS REQUIREMENTS - The Official Web Site For ...
Life and/or Annuities $1,000,000. $4,000,000 Life and/or Annuities and Health. Yes. Go to Question A3 - Risk Based Capital Level. No. Are you requesting a reduction in capital and/or surplus requirements pursuant to N.J.A.C. 11:2-1.4(a)2.ii? Yes. ... Get Document

New Hire Training 1 - Casualty Actuarial Society | Casualty ...
Risk-Based Capital: So Many Models CAS Annual Meeting 2007 Matthew Carrier, Principal Deloitte Consulting LLP November 12, 2007 Agenda Capital Requirement Measurement Formula Based Approach NAIC Risk Based Capital (RBC) A.M. Best Capital Adequacy Requirement Standard & Poor’s Capital Adequacy ... Access Doc

Optimal Reinsurance Programs For A Portfolio Of Life annuities
The objective of this paper is to analyze in a Risk-Based Capital framework the equilibrium conditions between the Insurer (Cedant) continuous life annuities (with single premium) sold to a cohort of males N 0 aged x at time t = 0. The ... Retrieve Doc

Risk & Capital In Insurance: -Regulatory Capital Developments ...
-Variable Annuities: Case Study Greg Martin & Craig McCulloch. Part 1 Regulatory Capital Developments •Calculation of risk margin based on a cost-of-capital methodology ... Access Doc