Description: Update of climate risk related governance and disclosure.

Description: This article outlines how “the pearl of the Indian Ocean” is shining now with achievement of actuaries.

Description: interview with Mr. Fauzi Arfan (FA), President of the Society of Actuaries of Indonesia or Persatuan Aktuaris Indonesia to enhance the understanding of the PAI.

Description: Update to the members of the SOA International Section

Description: Chairperson’s Corner

Description: The chair of the International Section of the SOA reports to the section members.

Description: In this fifth issue of International News of 2022, we feature the following contributions: (1) Ruben John John Callo, FSA, FIAA, FLMI, and the SOA’s Ambassador to Australia under the Ambassador Program , presents an illustrative study aimed at helping consumers choose life insurance products using the “customer value per dollar” methodology, and although examples included relate to the Australian market, the methodological principles can be adopted in other markets; (2) Shirley Z. Song, FSA, MAAA, Member of the International Section Council, Josh Dobiac, MS,CAIA, and Yang Jing, deal with the Targeted Improvements to the Accounting of Long-Duration Contracts (LTDI), and the fact that both IFRS and US GAAP frameworks are evolving into a new financial reporting framework. The implications for US insurers are discussed.

Description: The article discusses the critical role of Financial Planning and Analysis (FP&A) within insurance companies, particularly amidst changes in accounting regimes like USGAAP Long-Duration Targeted Improvements (LDTI) and International Financial Reporting Standard (IFRS) 17 and implications of these changes on FP&A activities.

Description: News for the SOA International Section members

Description: Notes on the IAA meeting that took place in D.C. in May