Reserves Seminars 2019
Join PolySystems and the Society of Actuaries in June for our annual series of Reserves Seminars. PolySystems specifically designed these seminars to demonstrate how to apply the fundamental principles of reserving to the practical, on-the-job demands of statutory, GAAP, and tax financial reporting. The concentrated syllabus and classroom style atmosphere of these seminars provide an environment in which new students and senior management working as actuaries and other professionals will expand their knowledge and learn from actuaries with broad and deep experience in valuation processes.
June 4-7, 2019
Embassy Suites Chicago Downtown
600 North State Street
VM-20 Modeled Reserves Seminar
Tuesday, June 4, 2019 | 10:00 a.m. – 5:00 p.m.
VM-20 brings long awaited principle-based approaches to the world of statutory life reserves, allowing companies to use their own assumptions and cashflow models when calculating the two modeled reserve components of VM-20, the deterministic reserve and stochastic reserve. Under the NAIC’s new Valuation Manual, many companies are required to transition to VM-20 reserve requirements on new life insurance issues by 2020.
This seminar will cover five main components of VM-20: (1) the formulaic net premium reserve, (2) the modeled deterministic and stochastic reserves, (3) the formulaic deterministic exclusion test, (4) the modeled stochastic exclusion test, and (5) VM-20 models.
For more information on the VM-20 Modeled Reserves Seminar and to register, click here.
Traditional Life, Universal Life, and Deferred Annuity Reserves Seminars
GAAP LDTI regulatory changes are upon us, and everybody is thinking about the impacts. Now is the perfect time for a refresher on U.S. reserving principles.
The seminars open with a review of the basic product design as a building block for reserving concepts before exploring the latest product designs. The 2019 program will cover statutory and tax financial reporting, including VM-20/VM-22 and 2017 tax reform changes, and GAAP reporting, including a comparison of current GAAP methods and calculations to GAAP LDTI.
Traditional Life Reserves Seminar
Wednesday, June 5, 2019 | 8:00 a.m. – 5:00 p.m.
For more information on the Traditional Life Reserves Seminars and to register, click here.
Universal Life Reserves Seminar
Thursday, June 6, 2019 | 8:00 a.m. – 5:00 p.m.
For more information on the Universal Life Reserves Seminar and to register, click here.
Deferred Annuity Reserves Seminar
Friday, June 7, 2019 | 8:00 a.m. – 5:00 p.m.
For more information on the Deferred Annuity Reserves Seminar and to register, click here.