Description: Since the issuance of IFRS 17 in 2017, the global insurance accounting standard, insurers across the globe have been making huge investment in assessing the impact and implementing the new standard. In late 2018, FASB issued ASU 2018-12 that revises key elements of the U.S. GAAP measurement models and disclosure requirements for long-duration contracts issued by insurers (also called FASB Targeted Improvements). Both standards are becoming effective 1/1/2021 (though IFRS 17 may potentially be deferred by a year). U.S. insurers that have international parents or subsidiaries, and report under a multi-GAAP environment will likely have to adopt both standards. By now most insurers should have nearly completed impact assessment for IFRS 17, designed road map for or have started the implementation journey. With the new U.S. GAAP requirements becoming effective concurrently, it is important to embark on the implementation journey with both standards in mind, and maximize the synergy to achieve cost-saving and design efficiency. This session will briefly introduce the two standards with a conceptual comparison, along with a discussion on where efficiency and synergy can be achieved in a concurrent implementation.

Description: Andy Rallis delivers his speech at the presidential luncheon of the SOA 2019 SOA Annual Meeting & Exhibit in Toronto.

Description: Presented at October 1996 Annual Meeting. This session profiles each market in terms of size, characteristics, experiences and potential, including: capital and other entry requirements, culture and business practices, critical success factors.

Description: Presented at May 2002 Spring Meeting. Discusses basic considerations and the process of an international acquisition or merger.

Description: Presented at June 1996 Spring Meeting. This session presents a summary of pension plan qualification/registration requirements for the U.S., Canada, and other countries and the means that some sponsors have used to comply with them.

Description: Panelists at this session of the SOA 1998 Maui I Spring Meeting discuss the challenges and consideration of entering other countries for the marketing of insurance including cultural, regulatory, environmental, distribution, product, competitive, and administrative issues.

Description: Presented at May 2005 Spring Meeting. Discusses 'state of the art' of international mergers and acquisitions in Asia, Latin America and other fast-growing regions.

Description: Presented at May 2002 Spring Meeting. This session presents analysts' views on major insurance multinationals, discussing the way investment analysts look at large companies in determining their buy/sell recommendations.

Description: Presented at May 1996 Spring Meeting. Financial management issues faced by actuaries in multinational corporations are discussed, including: GAAP and Statutory accounting, taxes, reinsurance.