Description: This article discusses the adoption of the AICPA Statement of Position SOP 03-1 altering the way earnings emerge under FAS 97 and the impact of the enactment of SOX control requirements.

Description: In November 2011, a number of associations, including the American Council of Life Insurers [ACLI], filed comments with the Brazilian regulatory authority urging Brazil to stop restricting reinsurance access to only domestic reinsurers in one of the world’s leading emerging markets for insurance. This article examines the background and legitimacy of this complaint.

Description: Part 3 of a 3 installment series dealing with the Moss Oversight Committee dealing with sales disclosure for life insurance products

Description: An editorial on the insurance crisis with regards to liability insurance, and the breakdown of the liability system.

Description: Discussion of the new- 2003- regulations in China pertaining to nonguaranteed life products.

Description: A discussion of the growing popularity of annuities with guaranteed minimum income benefits GMIB during times of bear markets and some related discussion of product features, minimum statutory reserves and capital requirements for the product

Description: This article discusses the conflicting opinions surrounding proposed 1998 legislation that would have authorized mutual life insurance companies in New York to reorganize as stock companies through the formation of upstream Mutual Holding Companies.

Description: The purpose of paper is to outline and illustrate some of the more important differences among the current US and Canadian regulatory capital regimes and the standard formula of the Solvency II framework using a hypothetical term-life insurance portfolio as an example.

Description: Discussion of developments in actuarial education, the regulatory licensing process for actuaries signing off on reserves and financial statements, and social security in Poland

Description: A review of the recent history of the actuarial profession in Pakistan and the near term future as of the year 2000.