Description: This panel discussion, which occurred at the May 1982 Society of Actuaries meeting in Colorado Springs, presented a discussion on life and annuity equity products of the 1980's. Topics included: 1. Product design 2. Taxes 3. Investment policy 4. Regulations 5. Marketing and sales 6. Effect of general account business

Description: This presentation is a Teaching Session, number 39TS, from the 2002 Valuation Actuary Symposium, held September 19-20 in Lake Buena Vista, FL. The instructors discuss identification and measurement of intangible assets including value of in-force policies, or value of business acquired [VOBA], and goodwill impairment testing. Historical perspective is provided, including the original purchase GAAP [PGAAP] guidance, the diversity in practice among companies, and controversy and disagreements between auditors and actuaries. This continues with the efforts of the Emerging Issues Task Force [EITF] 92-9, the Securities and Exchange Commission [SEC] and its views on pooling, the Financial Accounting Standards Board [FASB] business combinations project, and the recent issuance by the FASB of FAS 141 and 142. The presentation includes experience from a real world application. Discussion from participants is included.

Description: Full version of International Section News, November 2007, Issue No. 43.

Description: Full version of International Section News, November 2006, Issue 40.

Description: This article explores the trend in mergers and acquisitions among health insurance providers including the rationale for the recent increase in activity.

Description: This session from the 1995 SOA New York City Meeting covers an overview of the market for acquiring blocks of business, the legal, regulatory and valuation issues involved, acquiring a block through assumption reinsurance or novation, and tax and legal considerations in the acquisition process. From the Record of the Society of Actuaries, Vol. 21, No. 2.

Description: Panelists discuss the following current GAAP issues: [1] internal replacements, [2] purchase accounting [including FAS 141 and 142], [3] emerging accounting issues, and [4] the Statement of Position from the AICPA regarding non-traditional policies and features. From the 2002 Record of Society of Actuaries, Volume 28, No. 3. Session 15OF of the Boston Annual Meeting.

Description: This presentation is a panel discussion, session number 26PD, from the 1999 Valuation Actuary Symposium, held September 23-24 in Los Angeles. Noting that many of the largest and most widely publicized insurance acquisitions today are made with stock rather than cash or other considerations, the panelists discuss the advantages and challenges for both the buyer and the seller in stock acquisitions. They also discuss current GAAP guidance for purchase accounting, including a just released exposure draft from the Financial Accounting Standards Board [FASB]. Discussion from participants is included.

Description: Presented at April 1985 Spring Meeting. This session discussed different accounting alternatives for products such as Universal Life, deferred annuities, variable products.

Description: This article looks at the purpose of the closed block, how it works, what some of the drawbacks are, the implementation of the concept and if there are any preferable alternatives to the closed block. From Society of Actuaries Financial Reporting Monograph, M-AS99-1.