Description: Panelists discuss: [1] the basics of the principles of the International Accounting Standards [IAS], [2] earnings volatility in a fair-value environment, [3] the Canadian perspective on these standards, and [4] the perspective of the International Actuarial Association [IAA]. From the 2002 Record of Society of Actuaries, Volume 28, No. 3. Session 24PD of the Boston Annual Meeting.

Description: This teaching session was presented as Session 6B at the 1987 Valuation Actuary Symposium. The subject was modeling techniques for use in testing the scenarios being developed by the Canadian Institute of Actuaries, ‘CIA,’ Solvency Standards Committee. The presenters, members of the Committee, have been working on developing a generic modeling approach. Their presentation is limited to the first of three phases of proposed CIA standards for solvency reporting dealing with scenario testing, namely the projection of surplus under various prescribed and selected scenarios.