1
-
10
of
10
results (0.42 seconds)
Sort By:
-
Chairperson’s Corner
Chairperson’s Corner Pandemic impact on continuing education. Financial Reporting Section and Community ... LDTI and updating the IFRI textbook for last year’s amendments. They are coming. I know you will all want ...- Authors: Douglas Van Dam
- Date: Sep 2021
- Competency: Communication; Technical Skills & Analytical Problem Solving
- Publication Name: The Financial Reporter
- Topics: Actuarial Profession>Professional development; Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]; Financial Reporting & Accounting>International Financial Reporting Standards [IFRS]
-
Accounting for Assumed Reinsurance Net of Inuring Reinsurance
in significance. A substantial portion of the mortality risk is covered under existing yearly renewable ... expressed as a reduction in the assuming entity’s share of policy charges. For simplicity, we use the ...- Authors: Steven Malerich, Jack Liu
- Date: Sep 2024
- Competency: Results-Oriented Solutions; Technical Skills & Analytical Problem Solving
- Publication Name: The Financial Reporter
- Topics: Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]; Reinsurance>Financial reporting for reinsurance; Reinsurance>Reserving - Reinsurance
-
Accounting for Ceded Reinsurance Under LDTI—Constraints
accounting for traditional contract liabilities under GAAP’s Targeted Improvements to the Accounting for Long-Duration ... cash outflow of a direct benefit to the extent it’s reinsured. When the liability for future policy benefits ...- Authors: Steven Malerich
- Date: Jul 2022
- Competency: Results-Oriented Solutions; Technical Skills & Analytical Problem Solving
- Publication Name: The Financial Reporter
- Topics: Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]; Reinsurance>Reserving - Reinsurance
-
Alternative Experience Adjustment in LDTI DAC Amortization
reporting period. In this article, we separate the AICPA’s illustration[2] into two steps: (A) Experience adjustment ... The following illustrations begin after the example’s first year experience. In 20X1, $80 was capitalized ...- Authors: Steven Malerich, Janelle Kern
- Date: Jul 2024
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: The Financial Reporter
- Topics: Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]
-
Mind the GAAP and Non-GAAP
duration targeted improvements (LDTI) by the life and annuity industry. Companies have dedicated staff to large ... of business may be divested completely. A company’s non-GAAP philosophy will need to be carefully framed ...- Authors: Robert E Winawer
- Date: Sep 2021
- Competency: External Forces & Industry Knowledge; Technical Skills & Analytical Problem Solving
- Publication Name: The Financial Reporter
- Topics: Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]
-
Incorporating Accrual Balances in the LFPB under LDTI
whether or not such amounts were settled in cash. Table 1 summarizes how the historical and projected cash ... to incorporate IBNR/ICOS and premium accruals. Table 1 Summary of Potential Approaches Illustrative Examples ...- Authors: Xin Cheng Zheng (Jack), Kevin Cao
- Date: Sep 2024
- Competency: External Forces & Industry Knowledge; Professional Values; Technical Skills & Analytical Problem Solving
- Publication Name: The Financial Reporter
- Topics: Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]; Life Insurance>Reserves - Life Insurance
-
Bridging the GAAP: IFRS 17 and LDTI Differences Explored
contract should not be grouped with a deferred annuity contract for the purposes of measurement. Both ... for projected cash surrender value on a deferred annuity, for which the projected cash surrender value is ...- Authors: Gregory Mackenzie, Tina Guo
- Date: Jul 2022
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: The Financial Reporter
- Topics: Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]; Financial Reporting & Accounting>International Financial Reporting Standards [IFRS]; Life Insurance>Reserves - Life Insurance; Life Insurance>Term life
-
LDTI Disclosures—Average Duration and Interest
Reporter, April 2022 Among the requirements of GAAP’s “Targeted Improvements to the Accounting for Long-Duration ... rate might be derived by (a) weighting each cohort’s average discount rate by its LFPB, or (b) finding ...- Authors: Steven Malerich, Charles K Chacosky
- Date: Mar 2022
- Competency: Results-Oriented Solutions; Strategic Insight and Integration; Technical Skills & Analytical Problem Solving
- Publication Name: The Financial Reporter
- Topics: Financial Reporting & Accounting; Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]
-
Noise in Accounting for Reinsurance of Universal Life
Accounting for Reinsurance of Universal Life GAAP's elimination of gross profit as a basis for amortization ... ceded reinsurance of universal life (UL) under GAAP’s Targeted Improvements to the Accounting for Long-Duration ...- Authors: Steven Malerich
- Date: Oct 2022
- Competency: Results-Oriented Solutions; Technical Skills & Analytical Problem Solving
- Publication Name: The Financial Reporter
- Topics: Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]; Reinsurance>Reserving - Reinsurance
-
Model Validation and Common LDTI Validation Observations
greater trust in the numbers presented on the company’s financial statements. The introduction and effective ... Assess LDTI assumptions used against the company’s approved LDTI best-estimate assumptions document and ...- Authors: Xin Cheng Zheng (Jack)
- Date: Jan 2024
- Competency: External Forces & Industry Knowledge; Technical Skills & Analytical Problem Solving
- Publication Name: The Financial Reporter
- Topics: Enterprise Risk Management; Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]