The Knowledge Congress Has Scheduled a Live Webcast on Understanding New Capital Reserve Requirements for the Life Insurance Industry
The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, announced today that it has scheduled a live webcast on Understanding New Capital Reserve Requirements for the Life Insurance Industry. This two-hour event is scheduled on Tuesday, July 21, 2009, at 3:00 PM to 5:00 PM EDT.
New York, NY, May 14, 2009 --(PR.com)-- State laws require life insurer companies to hold in reserve enough assets to pay all claims on policies the company has issued. The amount of reserves and capital required is based on set formulas. The National Association of Insurance Commissioners has been working on a new system known as Principles-Based Reserves (PBR). In the meantime, during the financial melt-down of 2008 and 2009 the life insurance industry sought a relaxation of the current reserve requirements to free up capital for investment and to carry out business operations. The NAIC’s Capital and Surplus Working Group rejected the industry’s sweeping proposals but approved other proposals impacting reserving requirements, reinsurance collateral and accounting procedures.
With the industry’s reserve requirements in flux, life insurance companies and their advisers need to stay informed on the current requirements. The Knowledge Congress is assembling a panel of experts to discuss the capital reserve requirements in a Live two-hour Webcast.
Speakers/Faculty Panel
Larry Bruning, Chief Actuary, Kansas Insurance Department
Peter S. Rice, Senior Counsel, Dewey & LeBoeuf LLP
Thomas Hampton, Commissioner, D.C. Department of Insurance, Securities and Banking
For more information on the event, please visit: http://www.knowledgecongress.org/event_2009_life.html
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour webcast that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.”
To contact or to register to an event, please visit: www.knowledgecongress.org
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With the industry’s reserve requirements in flux, life insurance companies and their advisers need to stay informed on the current requirements. The Knowledge Congress is assembling a panel of experts to discuss the capital reserve requirements in a Live two-hour Webcast.
Speakers/Faculty Panel
Larry Bruning, Chief Actuary, Kansas Insurance Department
Peter S. Rice, Senior Counsel, Dewey & LeBoeuf LLP
Thomas Hampton, Commissioner, D.C. Department of Insurance, Securities and Banking
For more information on the event, please visit: http://www.knowledgecongress.org/event_2009_life.html
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour webcast that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.”
To contact or to register to an event, please visit: www.knowledgecongress.org
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Contact
The Knowledge Congress
Thomas LaPointe, Jr., Executive Director
1.800.578.4370
www.knowledgecongress.org
Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org
Thomas LaPointe, Jr., Executive Director
1.800.578.4370
www.knowledgecongress.org
Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org
Contact
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