In August 2025 at their Summer National Meeting, the National Association of Insurance Commissioners (the NAIC) adopted three changes that will impact our client companies. See the NAIC’s press release immediately below, then scroll further down for our executive summary of the impact on our client companies. NAIC Press Release: NAIC Adopts […]
NAIC Adopts Three Changes That Impact Our Client Companies Read More »
Just a few years ago, January 1, 2022 to be precise, your company had to update all of its whole life products because the nonforfeiture interest rate was decreasing. A year prior to that, it had to update all of its reserve factors because the valuation interest rate was decreasing. Now, these rates are going
In the U.S., only 1 person per 10,000 people has earned a credential from the Society of Actuaries. At Miller & Newberg, we are very pleased to announce that another one of our team members, Alex Hill, is now a member of that elite group, having achieved the designation of Associate of the Society of
We are Happy to Associate with Alex Read More »
A key member of your actuarial staff is retiring or has accepted another position. Should you do what you’ve always done and look to hire a replacement? Small to mid-size insurers frequently face this dilemma. And it can be particularly frustrating if you have had more turnover in your actuarial team than in other departments,
Your company may be flourishing. On the other hand, you may be less profitable than you were a few years ago. Even worse, your profits may have even gone negative. At Miller & Newberg, we have found that insurance company executives often don’t know exactly why this has happened. And if you don’t
A Better Way to Understand your Company’s Financial Results Read More »
In 2022, your company may have had an earnings surprise related to your annuity sales. And at year-end 2023, your company may have an RBC ratio surprise related to your annuity persistency. Watch this replay of a recent live webinar to gain new insight into: Click here to watch the webinar
The RBC Surprise Your Company May Experience This Year Read More »
There has been a dramatic decrease in life expectancy in the past few years. In August 2022, the Centers for Disease Control and Prevention, better known as the CDC, announced that life expectancy at birth in the U.S. is 76.1 years. This is 2.7 years shorter than it was just prior to the advent of
Three Years into COVID, Insurance Death Claims are Still Rising Read More »
Miller & Newberg is proud to announce that our very own Sam Ellis, a valued member of the team since he began his actuarial career in 2015, has attained the top professional qualification in our industry: Fellow of the Society of Actuaries. Attaining this designation requires passing a series of examinations over a period that
For He’s a Jolly Good Fellow Read More »
At Miller & Newberg, we perform the annual cash flow testing (also known as asset adequacy analysis) for over 20 insurance companies and fraternal benefit societies. Our client companies are quite familiar with the process, but this year, the process will be changing. And, as is typical with new regulatory requirements, it means that additional
New Requirements for Insurer Cash Flow Testing Process This Year Read More »
If you thought that 3% guaranteed minimum interest rates on annuities were only in the rearview mirror, think again. Thanks to the interest rate increases we have seen from the Fed and in the bond market, chances are your company will be forced to increase your minimum guarantee – on the products you are selling
Annuity Minimum Guarantees are Going Up: What You Can Do, and Must Do, About It Read More »
