Administrator

How Partially Outsourcing Actuarial Work Cuts Costs, Adds Value, and is a Win for Your Actuaries

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, …

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The RBC Surprise Your Company May Experience This Year

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

New Requirements for Insurer Cash Flow Testing Process This Year

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 …

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Annuity Minimum Guarantees are Going Up: What You Can Do, and Must Do, About It

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 …

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