PBR Impacts to Annuities

Only available as part of a package

There has been significant discussion of PBR for Life Insurance, but there has also been progress in development of PBR for annuities; including VM-21, VM-22, and future VM-23. The presenters will look at the progress in PBR for annuities and what the future may hold.

At the conclusion of the session the attendees will have a better understanding of annuity PBR history, the current state of annuity PBR and potential future paths for those products not currently reserved for under a principles-based approach.

Yuan Tao, FSA, MAAA (Moderator)

Principal, Oliver Wyman

Yuan Tao is a Principal with the Actuarial Practice of Oliver Wyman and is based in Hartford. She has nearly twenty years of actuarial experience. Her areas of expertise include pricing, hedging, financial reporting and modeling for variable and fixed indexed annuities. Prior to joining Oliver Wyman in 2016, Yuan was an Assistant Vice President and Actuary at MassMutual, where she held positions leading pricing and hedging of variable annuities. Yuan also spent nine years in annuity product development and hedging with other carriers prior to joining MassMutual. Yuan holds a B.A. in Statistics from Renmin University of China and an M. Math. in Actuarial Science from University of Waterloo in Canada. Yuan is a Fellow of the Society of Actuaries, a Member of the American Academy of Actuaries and a CFA® charterholder.

Albert Joseph Zlogar, FSA, MAAA

Al Zlogar is the Qualified PBR actuary and valuation actuary for Lincoln Financial Group's Annuity and Retirement business. He has over 35 years experience in annuities and life insurance. He has been the Appointed Actuary at several life insurance companies. His areas of expertise are valuation, financial reporting and planning, capital management, ALM and risk management.

Joshua S. Y. Chee, FSA, MAAA

Josh Chee is a Senior Consultant with the Actuarial Practice of Oliver Wyman and is based in Toronto. His primary responsibilities are to provide actuarial consulting services to various insurance entities and organizations. Josh has experience in model building, model validation and review, model governance, and life and annuity valuation.

Key:

Complete
Failed
Available
Locked