Description: This is the third in a series of articles about revenue recognition for insurance contracts. The articles address revenue recognition for those contracts that are measured by the building blocks approach under the emerging new standards for insurance that are being developed by the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) of the United States.

Description: Continued look at unlocking of traditional contract valuation assumptions, this time examining the frequency of true up for actual experience.

Description: Formulas for changes in GAAP liabilities and liability accrual rates are shown for three assumption update methods—retrospective, prospective and immediate.

Description: update on regulatory issues focusing on PBR

Description: Different points of view about IFRS are explained.

Description: A discussion on how to use data visualization for model controls.

Description: Treasurer’s Report of the Financial Reporting Section of the Society of Actuaries—2001

Description: A reflection on the need/desire for one right answer when there isn't one

Description: Continues the look from previous articles at unlocking of traditional contract valuation assumptions, this time examining the effects of lapses.

Description: A question from a reading regarding the accuracy of a comment from the December 2016 issue of The Financial Reporter article titled “Negative GAAP Term Insurance Reserves—to Floor or Not to Floor?”