Annuity Principles-based Reserving (PBR) Update

Only available as part of a package

There has been significant discussion of PBR for Life Insurance, but there have also been significant changes in PBR for annuities recently; including VM-21, VM-22, and future VM-23. This session will discuss recent changes in PBR for annuities as well as what the future may hold.

Nicholas E. Carbo, FSA, MAAA (Moderator)

Principal; Oliver Wyman

Nicholas Carbo is a Principal with the Actuarial Practice of Oliver Wyman and is based in Hartford. He has over fourteen years of experience working for life and annuity carriers. His experience has included product monitoring, experience studies, financial modeling, pricing, product development, and risk management.

Kaihua Yu FSA,MAAA

Actuary; Venerable

Kaihua Yu currently works as Actuary in Veneable annuity. Prior to Venerable, Kai has been working in the actuarial consulting field for over 8 years, ranging from modeling, M&A, to actuarial modernization and transformation.