The VM-20 requirement is no longer hypothetical\u2014it\u2019s here, and it\u2019s had a big impact on principle-based reserving for the life insurance industry. In this episode of Critical Point, we hear how experts are coping. Michael McCarty from Legal & General America shares the direct carrier\u2019s side, while Laiping Wong-Stewart from RGA brings the reinsurer\u2019s perspective. They are joined by Milliman actuaries Uri Sobel and Paul Fedchak in a conversation about the challenges and successes surrounding assumption setting, governance processes, and other changes created with the new regulation.
You can read the episode transcript on our website.