XXX

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XXX

ISO 4217 code used to indicate that no currency is meant.
References in periodicals archive ?
Until we get there, however, I would observe that the industry may be better off unwinding Regulation Triple X in favor of a simple placeholder such as the use of GAAP reserves for level premium term risks.
Equally important, we would increase the pressure on the regulatory, actuarial and financial communities to conclude their "real" ongoing discussions in reframing reserving and risk-based capital approaches applicable to "tail" risks rather than continuing to rely on the simplified shotgun conservatism embodied in Regulation Triple X. By promoting these revised actuarial and financial accounting approaches, it is possible that life insurers could foster the development of more focused, efficient and effective capital market and reinsurance funding mechanisms.
After 10 years of experience with Regulation Triple X, I'd argue that it's time to stop the diversion of real capital resources to financial engineering structures.