Description: This article outlines the challenges, potential conflicts and rewards in working in the foreign business unit of an organization.

Description: Deferred bonus policyholder dividend reserves arise because “the policyholders’ share of net income … that cannot be distributed to stockholders shall be excluded from stockholders’ equity” by establishing a reserve. This article provides background on local minimum policyholder participation practices in the US and Europe, presents relevant accounting issues and discuss the two different accounting interpretations and make a recommendation as to which the authors feel is most appropriate at this point in time.

Description: This newsletter contains several articles: The Institute of Actuaries of Japan thanks the SOA Malaysia updates on RBC An update on the SOA international experience survey regulations changing in Bermuda, and An update from the Swedish Actuarial Society Aktuarieforeningen.

Description: This is an article discussing the update on the SOA international experience study which has expanded the topics being studied from individual life insurance mortality and persistency experience to also include agent retention and productivity.

Description: This article explores the challenges of financial reporting in the 21st century particularly on the international scene.

Description: This is the second article devoted to unique international accounting issues. The authors share their experience implementing SOP 03-1 in a number of countries.

Description: Summary of a speech given by Raymond Chang, the chairman of the board of CI Fund Management Inc., about investing in the Far East.

Description: This article is about the actuarial profession and the life insurance industry in Haiti.

Description: Article from International Section News, November 2005, No. 37, is the Chairperson's Corner and highlights the International Section, its' members and many volunteers.

Description: Article from International Section News. July 2006, No. 39 announces an article competition. The International Section Council announces our Country Feature Article Competition. We are inviting all ambassadors to participate by submitting a feature article. Ambassadors can work alone or with a colleague to create the submission. The PRIZE is US$2,000 for the writer and US$500 for the ambassador for the feature article deemed best by the council.