Description: The Society of Actuaries Smaller Insurance Company Section, the Financial Reporting Section, and the Committee on Life Insurance Research are pleased to make available new research investigating simplified methods for determining reserves under VM-20.

Description: This session at the SOA 2001 Toronto Spring Meeting focuses on FAS 133, which defines accounting for derivatives, embedded options and hedging activities. Details of FAS 133 and implementation issues are discussed.

Description: This presentation at the 1989 Valuation Actuary Symposium looks at changes in financial reporting in Canada to the Premium Policy Method from the standpoint of a small company.

Description: This article discusses the FASB Exposure Draft, “Accounting and Reporting by Insurance Enterprises for Certain Long-Duration Insurance Contracts and for Realized Gains and Losses from the Sale of Investments.”

Description: 1999 SOA Annual Meeting, San Francisco. This panel examined the determination and use of the cost of capital for both stock and mutual companies. Topics covered included: 1. How to measure the cost of capital. 2. Use of cost of capital in choosing among options or setting an enterprise's direction. 3. Should different costs of capital be used for different purposes? 4. Options for financing and the effect on cost. 5. Maximizing return by proper mix of options. 6. Example of an acquisition. 7. Appropriate amount of capital. 8. International perspective.

Description: This articles offers an approach for accounting for executive stock options.

Description: The impetus for this paper is a concern that a unification of pricing, valuation, and management-basis financials may be essential to ensure the viability of life insurance companies in the variable economic environment of the foreseeable future, which will have serious effects on interest-sensitive products. The paper offers hypotheses on which any unification should be based. The proposed unification is structured on an equity capital management approach and on a variation of the level-return-on-equity accounting method. Discussions of this paper are included.

Description: 1997 Valuation Actuary Symposium, Session 3 looks at considerations in strengthening reserves as a result of cash flow testing results.

Description: This article discusses international proposals for accounting reform that would establish a global common measurement approach for the large majority of life insurance and annuity products.