Description: Excel spreadsheet example of GAAP calculations for an immediate annuity showing benefit reserves, DAC, and Unearned Revenue Liability [URL] from the 2010 U.S. GAAP & IFRS conference in New York.

Description: This session is targeted for new ASAs/FSAs or actuaries who are new to reserving. The session will be delivered in two parts. The first part is intended to deliver a basic understanding of IBNR reserving and different reserving methods and assumptions. We will go through examples of constructing claims triangles and developing completion factors, while exploring concepts such as seasonality, trend and outlier claims. During the second part of the session, we will apply the material from the first part to look at various example from different products such as inpatient, outpatient, RX, Medicare Supplement, dental, critical illness, etc.

Description: As of 2019, most companies have defined a model steward role. However, this role is defined differently across the industry and the people in this role face a variety of challenges. The expert panel will share background, war stories and best practices from their years of experience in the role.

Description: Presented at May 1986 Spring Meeting. This session discussion is about need for internal management reporting on a GAAP-like basis in mutual companies, difficulties in adapting stock GAAP accounting to traditional, participating product lines, need for consistency with pricing/dividend practices, and alternative accounting models - a review of theoretical work and computer modelling of several accounting alternatives.

Description: This session at the SOA 1990 Hartford Spring Meeting is about mutual company GAAP including defining what GAAP means for mutual companies, contrasting it with stock company GAAP, and discussing implementation issues. Alternative Minimum Tax is also discussed.

Description: The panel discussed the accounting profession's attempts to codify an area that has long been subject to a wide variety of practice. Topics covered: 1. Accounting under the various methods of acquisitions: pooling of interests, purchase of stock, assumption reinsurance, indemnity reinsurance. 2. Benefit reserve approaches under Statement of Financial Accounting Standards 60 within the context of defined-valuation premium approach versus defined-initial reserve approach. 3. Approaches to determination of discount rate for the present value of future profits and purchase date 4. Effect of differing levels of goodwill on earnings accretion versus dilution.

Description: This teaching session at the 2004 Valuation Actuary Symposium covers the practical aspects of implementing GAAP reserves and sales inducements under Statement of Position 03-1 on Accounting and Reporting by Insurance Enterprises for Certain Nontraditional Long-Duration Contracts and for Separate Accounts.

Description: This session at the SOA 1998 Maui I Spring Meeting discusses GAAP financial reporting in terms of the types of management information GAAP provides, how to interpret that information, and how to measure emerging experience versus expectations. Analysis of GAAP ROE and GAAP source of earnings is presented.

Description: This session at the 2004 Valuation Actuary Symposium discusses dealing with volatile equity returns with DAC ammortization methodologies of stochastic DAC and mean reversion.

Description: 1995 Valuation Actuary Symposium. This session covers various approaches to determining fair value of liabilities, Financial Accounting Standard 115, and other GAAP-related matters.