Analyzed proposed reinsurance deals and assisted in development of appropriate US GAAP methodologies, including reinsurance of a COLI block and block of Variable Annuity riders.
Established Purchase GAAP approaches for acquired blocks and companies.
Created Source of Earnings Analysis for block of Fixed, Variable, and Fixed Indexed Annuities.
Streamlined and automated process of computing historical values (profits, deferrals, benefits, assessments) required for FAS 97 and SOP 03-1 on Excel/Access platform.
Reviewed asset adequacy implications of various proposed “de-risking” strategies.
Developed systems and processes to implement US GAAP for a number of companies.
Reviewed tax reserves for life insurance and annuity block.
Functioned as interim GAAP Actuary for several quarters following departure of a key actuarial resource. Role included annual unlocking of FAS 97 GAAP models and performing routine year-end GAAP calculations.
Reviewed and revised US GAAP approaches for universal life with secondary guarantees.
Assisted client with implementation of FAS 157 and FAS 159 for block of Fixed, Variable, and Fixed Indexed Annuities.
Worked with a UK company to enhance US GAAP accounting processes for their participating whole life block valued on Prophet system.
Performed peer review of GAAP reporting processes for fixed and variable annuity block valued in Triton, managing team which included two other FSAs.
Performed triennial statutory examinations of insurance companies on behalf of various state insurance departments.
Reviewed statutory and GAAP reserves and related balances in conjunction with the external audits of various insurance companies for an accounting firm.
Assisted Internal Audit Department in review of controls in Economic Capital models.
Assisted a number of companies in developing appropriate controls and control testing processes.
Wrote process narratives and other technical documentation.
Ongoing role performing annual review of controls.
Curry Actuarial Consulting provides services related to:
We serve a variety of clients that include:
Led team of contractors in implementation of Prophet valuation system for a large reinsurance company, including development of related GAAP and economic value processes.
Assisted in conversion of UL/VUL block to Triton valuation system.
Built Excel-based DAC/VOBA calculation process using output from Triton valuation system.
Converted block of UL and annuity business to AVE valuation system for reserves on a US Statutory, Tax, and Canadian GAAP basis.