Description: The author speculates that the world wide promulgation of fair value accounting standards will make the normal shape of the rate curve downward sloping rather than the upward sloping curve that is normally seen. The author explains why this trend is expected.

Description: The Insurance Working Group of the IASB discussed models for the contract type, term insurance, in the second quarter. This summary of the current models will acquaint you with the key points of the models and a range of open issues.

Description: View the complete issue for the August 2014 Reinsurance News newsletter.

Description: The paper explores developments through 2006 in the application of market-consistent concepts to the measurement of fair values of liabilities for financial reporting purposes.

Description: In 2007 the International Accounting Standards Board IASB released a discussion paper proposing a new accounting model for insurance contracts, known as the current exit value model. One aspect of the proposed accounting model is that claim liabilities would need to include explicit margins satisfying certain criteria. Currently it is common for U.S. medical insurers to include explicit margins in their claim liabilities. However, we demonstrate that the margin approach most commonly used today by U.S. medical insurers does not satisfy the objectives articulated in the IASB discussion paper regarding the role of margins. We then propose a new formula for including explicit margins in U.S. medical insurance claim liabilities in a manner that is more compatible with the principles articulated in the IASB discussion paper. Finally, we illustrate our proposed claim liability formula using an example drawn from real-life data.

Description: A roundtable discussion of the new international accounting standards and the possible implications for all insurers.

Description: Overview of IASB Accounting for Insurance Contracts

Description: Discusses the new Principles for Accounting Standards published in September 2009 by the Monitoring Board for the International Accounting Standards Committee Foundation - oversight group for the IASB, and provides other IASB updates for the July-September period.

Description: Discusses the top concerns of U.S. insurers regarding the recent IASB Exposure Draft entitled Insurance Contracts and the FASB Exposure Draft entitled Preliminary Views on Insurance Contracts.

Description: Article discussing insurance accounting developments from October - December2008.