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Financial Reporting For Insurance Contracts Under Possible Future International Accounting Standards

Research Projects – Life Insurance


The Society of Actuaries' Financial Reporting Section and the Product Development Section are pleased to make available the following report. Performed by Sam Gutterman, Jennifer Liang, Tracey Polsgrove and Randy Tillis of PricewaterhouseCoopers, the research models the possible impact on certain U.S. life and health insurance products of the International Accounting Standard Board's preliminary views on accounting for insurance contract liabilities.

Also provided is a document by the authors addressing the questions and comments received to date regarding the initial report. The version of the report that appeared in the July 2008 issue of the SOA's Actuarial Practice Forum (APF) also follows.

Materials

Financial Reporting For Insurance Contracts Under Possible Future International Accounting Standards

SOA Research Paper on the IFRS Discussion Paper Observations, Questions and Answers

APF Version of Paper

Thank You

The Financial Reporting Section and the Product Development Section Councils would like to thank the companies that provided modelling assistance and those individuals who served on the Project Oversight Group.

Questions Or Comments?

If you have comments or questions, please send an email to research@soa.org.