Description: How actuarial practices have benefited from lessons learned from accountants

Description: Feature article discussing the actuarial response to the global financial crisis and the actuary’s influence on IFRS.

Description: Description of the discussion of the International Actuarial Association who met in Nassau, the Bahamas. Discussions included: IFRS and corresponding issues, Solvency II, ComFrame, and upcoming publications.

Description: Feature article describing the proceedings and results of the International Actuarial Association (IAA) in The Hague in May 2013.

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: Discusses the then-current Federal Accounting Standards Board [FASB] proposal designed for universal life [UL] and other life products not covered by FASB 60. Includes examples with UL contracts. From the 1987 Record of Society of Actuaries, Vol. 13, No. 3.

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: Presented at May 1986 Spring Meeting. This session discussion is about Financial Reporting in Canada and the United States, Financial Accounting Standards Board 'FASB' update, National Association of Insurance Commissioners 'NAIC' update, the role of the Valuation Actuary in the United States.

Description: Feature article that summarizes the events of the recent International Actuarial Association IAA meeting.

Description: Presented at October 1996 Annual Meeting. This discussion centers on GAAP implementation and some practical issues for FASB Interpretation 40 with regards to mutual insurers.