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Statutory Accounting PerspectiveFocus on SolvencyPDR is a toolEstablishes a reserve that reduces the reporting entity’sstatutory capital and surplusIdentifies situations that could result in possibleimpairment©2007 KPMG LLP, the U.S. member firm of KPMG International, a Swiss cooperative. All rights reserved. FOR INTERNAL USE ONLY.6
GAAP Accounting PerspectiveFocus on Reporting of Income Properly Allocated tothe Reporting Period“Purpose for PDR is the recognition and appropriatedisclosure of a contingent obligation that may affectan interested person’s s judgment of the financial valueand ongoing financial vitality of a businessenterprise.”©2007 KPMG LLP, the U.S. member firm of KPMG International, a Swiss cooperative. All rights reserved. FOR INTERNAL USE ONLY.7
Page 1 and 2: FINANCIAL RISK MANAGEMENTPremium De
Page 3 and 4: Another PDR Paper?!NAIC Discussions
Page 5: The ProblemActuaries often lack a t
Page 9 and 10: Authority over PDRThe PDR is an act
Page 11 and 12: General PrinciplesWhen judging Meth
Page 13 and 14: Company PerspectiveHow?•Time Hori
Page 15 and 16: Business to Be IncludedNew Business
Page 17 and 18: Contract GroupingTesting LevelRepor
Page 19 and 20: Factors Affecting Contract Grouping
Page 21 and 22: Projection PeriodsRemainder of a co
Page 23: Premium Deficiency ReservesQuestion

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