Description: This is the third in a series of articles about revenue recognition for insurance contracts. The articles address revenue recognition for those contracts that are measured by the building blocks approach under the emerging new standards for insurance that are being developed by the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) of the United States.

Description: This article provides an summary of the new IFRS 17 standard and some of the challenges that companies should must consider as they explore implementation.

Description: This report, is an extension of the Society of Actuaries' November 2010 research project on the financial reporting effect of IASB’s exposure draft on the accounting of liabilities for term life and long term care insurance contracts to examine the effect on certain of these contracts to alternatives that have been discussed in treatment of discounting, expenses, and subsequent measurement of margins.

Description: This article provides an overview of the latest IAS developments that affect insurers.

Description: Report of findings for Society of Actuaries research project on the financial reporting for insurance contracts under possible future international accounting standards. This project studies the modeling of Certain Life and Health Insurance and Annuity Products Offered by U.S. and Other Insurers for the Purpose of Measurement of Liabilities under the International Accounting Standards Board’s Exposure Draft on Insurance Contracts and U.S. GAAP

Description: At the November meeting of the IASB’s SAC, I raised strong support for the concept of a priority project to accelerate the development of a new conceptual framework for the IASB with emphasis on the role of reliability, the definition of liability, the meaning of probable, the effects of contingencies i.e. contingent probabilities, the unit of account and accounting for contractual rights and obligations. Editor’s note: This is an excerpt from a longer address to the International Accounting Standards Board on guiding principles.

Description: Article from The Financial Reporter on the fifth Pan-American Actuarial Congress that took place in the beautiful city of Buenos Aires, Argentina.

Description: Discusses the meeting of the Accounting Committee of the International Actuarial Association in March.

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

Description: This article includes updates on the IASB, the ACSEP publications for education on IFRS for insurance and the development of model standards - International Standards of Actuarial Practice.