The MG-ALFA financial projection software now offers support for A.G. 43.
The actuarial guideline, adopted by the National Association of Insurance Commissioners, Kansas City, Mo., helps insurers and others apply VA-CARVM — the Commissioners’ Annuity Reserve Valuation Method for variable annuities with guarantee provisions.
Milliman Inc., Seattle, says the new version of the MG-ALFA software includes features such as a tool for handling both the “standard scenario” – a pre-set set of bad conditions that can be used to test the adequacy of VA reserves — and “conditional tail expectations” — a range of possible bad conditions.