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PBR Data

Principle-Based Reserving

VM-20 / VM-21 / VM-22 Tables

Beginning in January, 2018, the tables required under VM-20 and VM-22 of the NAIC Valuation Manual will be published on the NAIC website home page ( www.naic.org ).  The information contained in the tables provided herein is derived through use of the methodology as defined in VM-20 and VM-22, including use of information provided by various third-parties. All such information is believed to be accurate and reliable; however, the truth, accuracy and completeness thereof is necessarily dependent upon the source of the information. There is also the possibility of human or mechanical error in the production or transmission of information as well as the possibility of  incomplete or untimely disclosure by any third-party providers of such information. Therefore, all information provided herein is provided on an "as is" basis without any representation or warranty of any kind, and THE NAIC HEREBY EXPRESSLY DISCLAIMS ALL EXPRESS, IMPLIED  AND STATUTORY WARRANTIES OF ANY KIND INCLUDING, BUT NOT LIMITED TO, THE WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. All users of the information contained herein assume sole responsibility and risk for its use and agree to indemnify and hold the NAIC harmless from and against any liability or claim of any person or entity that is attributable to the use, inability to use, or improper use by any user of this information.         

VM-22 CURRENT YEAR TABLES

VM-22 Table X spreads are now included in the 2021 Non-Jumbo and Jumbo Valuation Rates file.

Appendices

VM-31

Prescribed PBR Actuarial Report Templates

  • Template A (Distribution of Direct Life Insurance Business)
  • Optional Template B (Distribution of Assumed Life Insurance Business)
  • Template C (Company Experience Studies)

Sample PBR Actuarial Report Templates illustrating how to complete Prescribed Templates A - C

Sample Assumptions Summary for PBR Actuarial Report

VM-50 / VM-51

For Questions Please Contact: experience_reporting@naic.org

Note: The NAIC expects to receive comma-delimited VM-50/VM-51 files in RDC. The recorded presentation incorrectly specified fixed width files.

Company Training on Mortality Experience Data Reporting - 2019

Errata from Company Training -2019 Recording 

Company Training on Mortality Experience Data Reporting - 2019 PowerPoint

2021 Mortality Data Collection Kick-Off Call -04212021

2021 Mortality Data Collection Kick-Off Call – 04212021 PowerPoint

Questions from Kick-Off Call – 04212021

Mortality Data Collection Training: Validations - 04282021

Mortality Data Collection Training: Validations – 04282021 PowerPoint

Questions from Validation Training – 04282021

2021 Mortality Data Collection Training: Communications with Companies – 05052021

Mortality Data Collection Training: Communications with Companies – 05052021 PowerPoint

Questions from Communications Meeting - 05052021

2021 Mortality Data Collection Training: RDC File Submission Process – 05122021

Mortality Data Collection Training: RDC File Submission Process – 05122021 PowerPoint

Questions from RDC Submission Process Meeting - 05122021

2021 Mortality Data Collection Training: Third-Party / Reinsurer Reporting - 05192021

2021 Mortality Data Collection Training: Third-Party / Reinsurer Reporting - 05192021 PowerPoint

2021 Mortality Data collection Training: Control Totals & Reconciliation Templates - 05262021 PowerPoint

2021 Mortality data Collection Training: Control Totals and Reconciliation Templates - 05262021 

Questions from Templates Training - 05262021

2021 Mortality Data collection Training: Company Administrators - 05272021 PowerPoint

2021 Mortality Data collection Training: Company Administrators - 05272021 

Questions from Company Administrator Training 

RDC Rate File Submission Instructions

VM-51 Mortality Experience Data Collection Frequently Asked Questions

VM-51 Reporting when Business is Administered by Third-parties

VM-51: Instructions, Questionnaires, and File Formats (extracted from Valuation Manual)

Control Totals Template

Reconciliation Template

Company Administrator Guide

VM-51 Appendix 1 Questionnaire Template

VM-51 Appendix 2 Questionnaire Template

VM-51 Appendix 3 Questionnaire Template

VM-51 Data Validations

Mortality Statistical Plan Company Selection Memo

Contacts
Pat Allison Jim Stinson (VM Tables) Reggie Mazyck (Valuation Manual)
Managing Life Actuary PBR Life Associate Actuary Life Actuary
Phone: 816-783-8528 Phone: 816-783-8428 Phone: 202-471-3991