Description: This article discusses international proposals for accounting reform that would establish a global common measurement approach for the large majority of life insurance and annuity products.

Description: “It is an irony of existing regulation that, if the life insurance industry in the United States were required to file financial statements according to the statutory rules of the United Kingdom, most companies would be insolvent and if the life insurance industry of the United Kingdom were required to file financial statements on the basis of statutory requirements in the United States, most companies also would be insolvent.”

Description: A regulator's perspective on the changing insurance and financial services industry, including changes in the state regulatory environment driven by the regulators themselves, as well as potential changes in the competitive environment prompted by the Financial Services Modernization Act.

Description: Discussion of the Buol Report, dealing with international solvency standards for life insurance companies

Description: This article discusses actuarial support for an international accounting regime designed to meet the dual objectives of: • Generating a realistic view of operations focusing on expected future cash flows, reflecting the duty of management to add value for shareholders and to protect the interests of policyholders. • Demonstrating the adequacy of supporting capital to cover the risks associated with the business. From: The Actuary, January 2000, volume 34, issue 1.