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SESSION 106 October 18, 2011 REGULATORY UPDATE FOR PRODUCT DEVELOPERS Michael Frings, Moderator Vice-President and Senior Actuary Global Financial Solutions RGA Reinsurance Company

Regulatory update for product developers

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2011 Presentation at SOA annual meeting in Chicago. I moderated a session on regulatory issues impacting life & annuity actuaries.

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Page 1: Regulatory update for product developers

SESSION 106

October 18, 2011

REGULATORY UPDATE FOR PRODUCT DEVELOPERS

Michael Frings, Moderator

Vice-President and Senior Actuary

Global Financial Solutions

RGA Reinsurance Company

Page 2: Regulatory update for product developers

Larry Bruning, FSA International Life Actuary, NAIC Topics: Update on capital requirements Dodd-Frank, SMI,

ORSA, VM-20 and US GAAP/IFRS convergence

Joseph Rafson, FSA Senior Manager, KPMG LLP Topics: Details & survey on US GAAP/IFRS convergence, SVL

updates, Term UL

Carl Friedrich, FSA Principal & Consulting Actuary, Milliman Inc. Topics: Interstate compact, Annuity non-forfeiture law, Combo

products

Presenters & Topics

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Page 3: Regulatory update for product developers

QUESTIONS

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Page 4: Regulatory update for product developers

QUESTIONS?

Session 106: Regulatory Update for Product Developers

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