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Services

Technical Excellence

Staying ahead to keep our clients ahead

Because the life insurance industry operates within a continually evolving regulatory framework, actuarial professionals must evolve as well. Our Life Actuarial practitioners are active in industry organizations and are able to leverage the capabilities of the broader Deloitte organization’s position as a Big 4 accounting firm to help our clients' be attentive to and tackle new and complex issues.

Deloitte’s Technical Excellence team

Deloitte’s Technical Excellence team provides intensive subject matter knowledge, guidance, and solutions on a broad number of topics, including:

  • Financial reporting related questions and developments
    • Sustained low interest rate impact on financial reporting
    • IFRS developments and implementation planning
    • Assessment of key financial reporting risk
    • Assumption development
    • Control development
  • US GAAP
    • Product classifications
    • Loss recognition testing (LRT) and FAS 60 profits followed by losses (PFBL)
    • FASB Targeted Improvements
  • Statutory
    • Principles-Based Reserving (AG 43, VM20, VM22, etc.)
    • Capital strain related issues
    • Assumption setting and analysis
    • New regulatory assumptions
  • US tax reserves
    • Tax reserve strategies
    • Tax reserve policies and analysis
  • Reinsurance developments
    • AG48 considerations
    • Rector report impact
    • RBC implications

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Technical Excellence contact:

Thomas Q. Chamberlain
ASA, MAAA,
Managing Director
Actuarial and Insurance Solutions
Deloitte Consulting LLP
+1 312 486 3828