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

Description: China has experienced significant economic growth over the last 30 years, during which its economy has grown faster than that of any other country in history. Foreign investments have been one of the major driving forces behind the explosive growth. As multinational companies have increased their investments in China, the number of foreign workers in China has increased. In particular, with a shortage of local talent in China, particularly at the middle- to senior-management level, many multinationals have been using expatriates to fill key positions. This article summarizes the compensation and benefit packages provided to more than 300,000 foreign workers in China.

Description: Presented at May 1985 Spring Meeting. This session discussed: Accounting options for consolidating foreign operations, Foreign currency fluctuations, Foreign taxes and tax credits, Offshore subsidiaries, Foreign reinsurance ceded and assumed, Variation appropriate for United States and Canadian companies.

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.

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: A review of the classic business book Built to Last, originally published in 1994. Looking at the past twenty years -- how have the BTL companies done? How have their comparison companies fared? Read the review and find out!

Description: This article is an introduction to the principles of taxation of U.S. owned foreign insurance operations, such as controlled foreign corporations.

Description: Panelists discuss financial reporting issues confronting companies doing business in an multinational environment. From the 1997 Record of Society of Actuaries, Vol. 23, No. 3.

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: 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.