The International Actuarial Association (the IAA) represents the international actuarial profession. Our Full Member actuarial associations exceed forty in number and represent more than 95% of all actuaries practicing around the world. The Full Member associations of the IAA are listed in an...

The International Actuarial Association (IAA), as well as all other parties interested in the development and maintenance of a set of quality international accounting standards for insurance contracts, appreciates the opportunity to express our views on the Insurance Issues Paper (the IASC...

The Steering Committee recommends that the main focus of the project should be on insurance contracts of all enterprises. However, the project will also need to deal with some enterprise-wide issues, such as the following:(a) identifying the reporting entity; and(b) presentation requirements,...

The important distinguishing characteristics of insurance contracts are quite relevant to much of the discussion regarding insurance standards for insurance contracts.

This document refers to sub-issue 11G of the IASC Insurance Issues paper and proposes a method to value risk-adjusted cash flows (refer to the IAA paper INSURANCE LIABILITIES - VALUATION & CAPITAL REQUIREMENTS, GENERAL OVERVIEW OF A POSSIBLE APPROACH, sections 2.2 and 2.3). The principles and...