Update on Principle Based Reserving - Actuary.com
Update on Principle Based Reserving - Actuary.com
Update on Principle Based Reserving - Actuary.com
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6/2/2012Margin C<strong>on</strong>siderati<strong>on</strong> For GrossPremium Reserve, c<strong>on</strong>t’d• The margins are specific to the underlying VBT tableand experience of the c<strong>on</strong>tributors relative to the mean(i.e., the variati<strong>on</strong> around the mean)• Margins/loads will need to be re-evaluated <strong>on</strong>ce 2014VBT is <strong>com</strong>plete• In interim, suggest just modifying the current table tobe based <strong>on</strong> attained age rather than issue ageSEAC Spring C<strong>on</strong>ferenceCopyright © 2012 by the American Academy of ActuariesAll Rights Reserved. 29Determining the Margin - ProposedPercentage margin table for <strong>com</strong>pany variati<strong>on</strong> riskAttained Age Load Attained Age Load
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