Description: A discussion of life insurance securitizations and how they can be structured to provide surplus relief associated with onerous reserve requirements.

Description: The authors envision a data warehouse with information at the policy level or lower, and demonstrate how this data can be used to analyze the sources of earnings. The key to their analysis is the data warehouse, which links each policy, not only to valuation assumptions and results, but also to general ledger accounting amounts and to projections - model output that feeds the financial plan.

Description: June 2008 issue of the Life Insurance Company Financial Reporting Section

Description: Discussion of financial regulatory activities from January - March.

Description: The SOA has completed its study of IFRS accounting impacts on popular U.S. products.

Description: The following Executive Summary is an excerpt from a report by Chris O’Brien entitled, “Market-Consistent Valuations of Life Insurance Business: The U.K. Experience.” The purpose of this article is to explain the new valuation approach, set out the issues with implementation and explain how insurers have addressed these issues.

Description: This article compares and contrasts existing and near future differences in fair value requirements between US GAAP and IFRS. The focus of this article is on fair value requirements as they relate to actuarial valuations of insurance contracts - including certain contracts classified as investment contracts, and therefore ignores implications on investments held by insurance companies.

Description: Column discussing developments in insurance accounting from January - March.

Description: Summarizes the major provisions of the International Accounting Standards Board’s recent exposure draft entitled Insurance Contracts, regarding a full accounting standard for insurance.

Description: Discusses the meeting of the Accounting Committee of the International Actuarial Association in March.