Description: Since the issuance of IFRS 17 in 2017, the global insurance accounting standard, insurers across the globe have been making huge investment in assessing the impact and implementing the new standard. In late 2018, FASB issued ASU 2018-12 that revises key elements of the U.S. GAAP measurement models and disclosure requirements for long-duration contracts issued by insurers (also called FASB Targeted Improvements). Both standards are becoming effective 1/1/2021 (though IFRS 17 may potentially be deferred by a year). U.S. insurers that have international parents or subsidiaries, and report under a multi-GAAP environment will likely have to adopt both standards. By now most insurers should have nearly completed impact assessment for IFRS 17, designed road map for or have started the implementation journey. With the new U.S. GAAP requirements becoming effective concurrently, it is important to embark on the implementation journey with both standards in mind, and maximize the synergy to achieve cost-saving and design efficiency. This session will briefly introduce the two standards with a conceptual comparison, along with a discussion on where efficiency and synergy can be achieved in a concurrent implementation.

Description: The recent shift to remote work has been drastic and will have lasting effects on how actuarial teams collaborate in the future. As a result, business leaders may see the idea of shifting from a domestic remote workforce to an international one as being more feasible than in years past.

Description: Andy Rallis delivers his speech at the presidential luncheon of the SOA 2019 SOA Annual Meeting & Exhibit in Toronto.

Description: Presented at June 1985 Spring Meeting. This session discussion was about reporting relationship, organizational structure/changes, accounting concerns/techniques, communication, and personnel impacts.

Description: Survey of the experiences of actuaries working internationally.

Description: This article provides an introduction to group supervision and group capital and its importance in today's increasingly global insurance market. Additionally, the article examines the various methods used in practice for calculating group capital and the factors that companies should consider as they develop their group capital management strategy.

Description: Panelists for this session 40OF of the Montreal Spring Meeting discuss some of the situations in which U.S. GAAP accounting for life insurance companies has international implications.

Description: Presented at June 1985 Spring Meeting. This session discussion is about corporate benefit function in a multinational corporation, design considerations in overseas programs, financing of non-North American benefit programs, special problems, recent significant legislative developments outside North America.

Description: Feature article discussing the major issues multinational reinsurers face in Brazil.

Description: This article discusses the global capital standards for Global Systemically Important Insurers (G-SIIs) and Internationally Active Insurance Groups (IAIGs) currently being developed by the International Association of Insurance Supervisors (IAIS).