Description: This session from the 1995 SOA Boston Meeting describes the expansion and consolidation of the U.S., Canadian and Mexican life insurance industries and the discusses the top players in the insurance industry in the world and their market share. From the Record of the Society of Actuaries, Vol. 21, No. 4b.

Description: Analysis of movement in the lialbity, or reconciliation of the beginning and ending lialbity under proposed IFRS for insurance contracts, why it's important and the significance to actuaries, insurers and users of financial statements.

Description: A description of the requirement to disclose a reconciliation of the opening and ending balance of liabilities for insurance contracts in the proposed new IFRS for insurance, and reasons why it should be seen as more than a compliance effort.

Description: This presentation, session number 5PD, took place at the 2000 Annual Meeting of the Society of Actuaries, held October 15-18 in Chicago. This session focuses on the Generally Accepted Accounting Principles, ‘GAAP,’ methods and standards of practice applicable to accounting for purchase of a block of business. The panelists discuss working with investment bankers and others, presentation and determination of actuarial opening balance sheet items such as benefits reserves and present value of future profits, actuarial appraisal values, impact of synergies, management initiatives, expense savings, projection of GAAP profits, various accounting issues, and applicable Actuarial Standards of Practice. Discussion from participants is included. From the Record of the Society of Actuaries, Volume 26, No. 3. Possible keywords: VOBA=value of business acquired PGAAP=purchase GAAP accounting Actuarial appraisal

Description: The panel discussed the accounting profession's attempts to codify an area that has long been subject to a wide variety of practice. Topics covered: 1. Accounting under the various methods of acquisitions: pooling of interests, purchase of stock, assumption reinsurance, indemnity reinsurance. 2. Benefit reserve approaches under Statement of Financial Accounting Standards 60 within the context of defined-valuation premium approach versus defined-initial reserve approach. 3. Approaches to determination of discount rate for the present value of future profits and purchase date 4. Effect of differing levels of goodwill on earnings accretion versus dilution.

Description: This article provides illustrations of an approach to presentation of income and expenses that may be applied to long duration contracts, i.e., those that are measured by the building blocks approach for the emerging new standard on insurance contracts.

Description: Feature article, second part in a series, about the International Accounting Standards Board’s (IASB) and of the Financial Accounting Standards Board’s (FASB) approach to revenue recognition related to International Financial Reporting Standards (IFRS) for insurance contracts.

Description: Article discussing the International Actuarial Association's meeting in November 2008.

Description: Feature article discussing what it means to be market-consistent and whether or not insurance products can be priced and valued in a market-consistent fashion. This article addresses the limits to market consistency by questioning whether there in fact can be a market-consistent level annual premium for a term life insurance contract.

Description: Relates actuarial discussions at a special meeting of the Insurance Accounting Committee of the IAA in Toronto in September regarding the IASB’s exposure draft, Insurance Contracts.