Monday, January 15, 2007

 

A.M. Best Special Report: Development of 'Principal-Based' Reserves Shifting Into High Gear

In a recently issued special report, A.M. Best Co. observes that the insurance industry has aggressively stepped up efforts to develop principles-based reserves for life insurance products and fixed annuities. There are currently 20 committees of the American Academy of Actuaries devoted to this project. A.M. Best believes it is quite possible that principles-based reserve methods may be in place for life insurance products by 2009.

A.M. Best Special Report: Development of 'Principal-Based' Reserves Shifting Into High Gear
Source: Insurance News Net

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