NAIC Panel Prepares To Test PBR Manual

The National Association of Insurance Commissioners is getting ready to alpha test a new, possibly more flexible approach to setting and assessing life insurance company reserves.

The Life and Health Actuarial Task Force at the NAIC, Kansas City, Mo., has prepared for the arrival of the NAIC Valuation Manual, which will reflect a principles-based reserving philosophy, by creating a PBR Testing Subgroup.

http://www.lifeandhealthinsurancenews.com/News/2010/6/Pages/NAIC-Panel-P...