Description: A reflection on the need/desire for one right answer when there isn't one

Description: Performance measurement is not the primary purpose of either GAAP or statutory accounting. This article discusses alternative methods of reporting used by life insurance companies to better measure financial performance.

Description: Discussion of a survey inquiring into the use of Embedded, or Shareholder, Value by U.S. and European Insurance Companies

Description: A discussion of Actuarial Aspects of Section 404 of Sarbanes-Oxley

Description: A status update on research projects sponsored or co-sponsired by the Financial Reporting Section.

Description: Insurance company financial reporting and performance measurement are going through a significant transformation. Insurers are beginning to look at their business based on what many refer to as the “economic value framework.” Under this framework insurance companies determine the economic value of the capital invested in their business and the economic value of earnings to derive a risk-adjusted return on capital. Standard setters, primarily European insurance regulators through Solvency II and the International Accounting Standards Board through IFRS Phase II, propose adopting many of these concepts for solvency and performance reporting.

Description: An Overview of Stochastic Simulation modeling techniques and usages

Description: Responsibilities Of The Actuary For Communicating Sarbanes-Oxley Control in accordance With Actuarial Standards of Practice

Description: A description of current council member areas of responsibility, Life & Annuity Symposium sessions to be sponsored, and other future projects.

Description: This article examines potential approaches to the calculation of the risk adjustment component, with a focus on a case study related to a UL product.