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Reinsurance Section Research Update
and term life insurance under U.S. SAP, U.S. GAAP, IFRS, CALM and market-consistent balance sheet approaches ... reserves, targeted changes to U.S. GAAP and the new IFRS for insurance products. https:// www.soa.org/resources ...- Authors: Ronora Stryker
- Date: Jan 2020
- Competency: External Forces & Industry Knowledge; Results-Oriented Solutions; Technical Skills & Analytical Problem Solving
- Publication Name: Reinsurance News
- Topics: Actuarial Profession; Reinsurance
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Treasury Issues Proposed Rules for Determining Active Income of Certain Foreign Insurance Companies
accepted accounting principles (“GAAP”) financials, IFRS financials or the local insurance annual statement ... the entity itself in the active conduct analysis.17 A three-part test must be satisfied for this purpose: ...- Authors: Jay Riback, Jean Baxley
- Date: Feb 2020
- Competency: Strategic Insight and Integration; Technical Skills & Analytical Problem Solving
- Publication Name: Taxing Times
- Topics: Finance & Investments; Finance & Investments>Investments; Financial Reporting & Accounting; Financial Reporting & Accounting>Tax accounting
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International News
International Financial Reporting Standards (IFRS), especially IFRS 17, “Insurance Contracts.” Although the ... deal with accounting, the challenges posed by IFRS 17 include the use of an economic balance sheet, ...- Authors: Society of Actuaries
- Date: Oct 2020
- Competency: External Forces & Industry Knowledge
- Publication Name: International News
- Topics: Actuarial Profession
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LDTI—A Path to Optimizing Compliance and Transformation
International Financial Reporting Standard 17 (IFRS 17) and LDTI, can further benefit from technology ... a similar regulatory compliance exercise with IFRS 17 learned some valuable lessons about homegrown ...- Authors: Naxine Chang
- Date: Nov 2020
- Competency: Communication; External Forces & Industry Knowledge; Leadership; Professional Values; Relationship Management; Results-Oriented Solutions; Strategic Insight and Integration; Technical Skills & Analytical Problem Solving
- Topics: Financial Reporting & Accounting; Technology & Applications
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Interview With Jong-Gyu Won, President and CEO of Korean Reinsurance Company
Interview With Jong-Gyu Won, President and CEO of Korean Reinsurance Company Interview with CEO ... new international nancial reporting standard (IFRS 17) are expected to be imple- mented in 2022, which ...- Authors: Mark A Swanson
- Date: Feb 2020
- Competency: External Forces & Industry Knowledge
- Publication Name: Reinsurance News
- Topics: Reinsurance
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The Importance of Centralization of Actuarial Modeling Functions, Part 2: DevOps - The Path to Actuarial Modernization and Consolidation
LDTI (long duration targeted improvements), and IFRS 17 is coming. Not to men- tion, interest rates have ... regulatory and accounting changes, such as LDTI and IFRS 17, the actuary has been asked to make a lot of changes ...- Authors: Bryon Robidoux
- Date: Apr 2020
- Competency: External Forces & Industry Knowledge; Results-Oriented Solutions; Technical Skills & Analytical Problem Solving
- Publication Name: The Stepping Stone
- Topics: Actuarial Profession>Best practices; Actuarial Profession>Management skills; Technology & Applications; Technology & Applications>Computer science; Technology & Applications>Software; Technology & Applications>Automation
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Five Surprising Benefits of Actuarial Model Conversion
Five Surprising Benefits of Actuarial Model Conversion Actuaries understand the technical benefits ... International Financial Reporting Standard 17 (IFRS-17) across the world, to the introduction of cloud ...- Authors: Stephan Mathys
- Date: Nov 2020
- Competency: Results-Oriented Solutions
- Publication Name: The Modeling Platform
- Topics: Modeling & Statistical Methods>Modeling efficiency; Modeling & Statistical Methods>Simulation
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Reinsurance Section Research Update
term life insurance under U.S. SAP, U.S. GAAP, IFRS, CALM and market-consistent balance sheet approaches ... reserves, targeted changes to U.S. GAAP, and the new IFRS for insurance products. https://www.soa.org/resources/ ...- Authors: Society of Actuaries
- Date: Sep 2020
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Reinsurance News
- Topics: Reinsurance
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Income Term Life Survey Results
= $4,000 No. % No. % No. % 20–35 209 30 40 36 17 18 9 16 8 36–50 295 20 25 74 25 54 18 36 12 Total ... Extremely 12% 3% 1% 0% 0% Very 10% 17% 5% 0% 0% Somewhat 6% 17% 16% 2% 0% Not too 1% 2% 5% 2% 0% ...- Authors: Charles Preti
- Date: Feb 2020
- Competency: External Forces & Industry Knowledge
- Publication Name: Product Matters!
- Topics: Life Insurance
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2007-2015 US Individual Disability Income Persistency Study
................................................ 17 By Premium Mode .............................. ... Marketing Source ..................................... 17 Figure 12 — Non-Cancelable Lapse Rates by Marketing ...- Authors: Society of Actuaries
- Date: Mar 2020
- Competency: Technical Skills & Analytical Problem Solving
- Topics: Health & Disability