Description: The Financial Accounting Standards Board FASB and the International Accounting Standards Board IASB issued “The Norwalk Agreement” in October 2002, a memorandum of understanding that reaffirmed their commitment to develop a single set of high quality accounting standards. At that meeting the two standard setters agreed to place a high priority on three steps toward achieving that goal.

Description: This article celebrates the tremendous progress that has been made in automating reinsurance data. It also looks at remaining issues, such as a lack of standardization, and challenges presented for the future.

Description: The article summarizes two of the highest rated sessions sponsored by the Reinsurance Section during the 2013 SOA Annual Meeting in San Diego.

Description: This article discussed modeling the P&C reinsurance market using an Agent Based Model to provide insights into the market. The characteristics of this marketplace provide credibility to this type of modeling. Specifically, the P&C reinsurance market has few major players, very little product differentiation, and low barriers to entry. In addition established competitors are volume-constrained due to prior business and capacity decisions made based on estimated product costs and prices.

Description: This article discusses the pending book entitled 'Dynamic Risk Modeling Handbook.' The proposed scope and outline of the book is reviewed. This is a revision of the 'DFA Handbook' which was published in 1995.

Description: In this article, the author discusses the capital shortfall an insurer faces because of the longevity risk on immediate annuities.

Description: This article explains the changes made to the Expanding Horizons Newsletter.

Description: Blazing the Path for a Unified Valuation System by David K. Sandberg from The Financial Reporter, June 2000, Issue No. 42.

Description: Chairperson’s article about research projects the section is currently sponsoring.

Description: Section Chair discusses Council plans for the year.