August 2021 – Page 6

Munich Re munichre.com/en.html 2019 – Munich Re – Whole Life vs Universal Life, ILEC Observations – 4p 2000 – Munich Re – Unit-linked insurance: A general report – 51p The product names (e.g. “Universal Life” and “Variable Life” in North America) will be fully described in a later paper in this series. (p9) 4.4 ADEQUATE SYSTEMS…

Illustration – Descriptions From the Floor: Hal, do you really think that it’s reasonable to get an insurance community to agree on a single definition of an illustration? Mr. Phillips: I’m very hopeful that we could agree. Actuaries should agree first, of course. If we can’t agree and move forward, then I’m really discouraged. Then…

Root Cause FSB As we began researching this problem, two questions became central. What criteria should we use to evaluate suggested changes and alternatives? What is the root cause of current problems, and why have previous corrective efforts been so unsuccessful? As research continued, at some point we started to focus on the uses of life…

Tipping Point Dear Editor: Life Insurance Sales Illustrations – A Call to Action We have reached the stage where a life insurance sales illustration is hardly worth the paper it is printed on. Yet thousands of agents are confidently presenting these illustrations to frequently unsuspecting clients. I have yet to discuss this issue with anyone…

Dennis Ross Dennis Ross – (R-FL) 2011-2019 – US House 2000-2008 – Florida House of Representatives 2018 0311- InsuranceJournal.com – Ross vs. Schwarcz: Scoring the Throw-Down – [link] (p47) – Dennis ROSS (R-FL). There hasn’t been a run on life insurance, has there? Are people all of a sudden going to go and cash in their life insurance policies?…

David Zaring Mr. ZARING. I don’t think that the institutions that the Council has considered and carefully considered would want all of the information that they provide the Council in discussing and indeed sometimes contesting their designations to be released to the public and to their competitors and to the financial marketplace, more generally. Some…

Guardian Reasonable consumers acting reasonably recognize sales pitches and ordinarily discount them accordingly. In addition, to acknowledge that consumers understand that future interest rates will affect their future premium rates is reasonable and even respectful of individual intelligence, personal accountability and good common sense (see, Fischel & Stillman, supra, at 16). 1999 – LC -…

South Africa legacy.actuarialsociety.org.za/Professionalresources/Pastpresentations/20002005.aspx McDougall M, 2001, Jaguars and Jalopies: A perspective on the role of actuaries in individual life risk business, Convention 2001, Actuarial Society of South Africa ABSTRACT Universal life policies were introduced to South Africa in the 1980s. The policies were designed to give the customer increased flexibility but, due to the leveraged…

Collins Amendment The Collins Amendment/Section 171 was designed to strengthen the integrity of capital standards by imposing a generally applicable floor that would constrain destabilizing leverage for all systemic institutions, regardless of business model, so that they would have to hold at least as much capital as that generally required of smaller banks. 2014 0310 – Letter -…

Regulatory Arbitrage 2022 – LR – Regulatory Competition in the US Life Insurance Industry, by Johnny Tang, Harvard – 88p Competition between jurisdictions is a central feature of many public policy problems. I examine the consequences of such competition in the US life insurance industry, where states vie to attract insurers by setting lower capital requirements,…