Principles-based reserving: practical considerations

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By Karen K. Rudolph | 31 January 2007

Nearly everyone in the life insurance business knows about principles-based reserving—the impending radical change in regulations governing the calculation of statutory reserves. While these regulations are still undergoing final development, their eventual effects on products, procedures, and balance sheets is likely to be significant. Companies can choose to wait and see, or they can begin to invest time and money to prepare for the changes.