The objective of this paper to present a general overview of a possible approach for the valuation of insurance liabilities and the capital requirements required as a consequence of the risk transfer from a policyholder to the insurer...

As mentioned in our response to sub-issue 7H of the IASC Insurance Issues Paper (the IASC Paper), the IAA agrees with the IASC Insurance Steering Committees tentative view as given in paragraph 357 that equalization provisions should not be recognized as a liability...

Sub-issue 11I of the IASC Insurance Issues Paper (the IASC Paper) discusses whether the credit standing of the insurer should affect the measurement of its insurance liabilities. The following summarizes the major arguments (including significant counter-arguments) concerning this issue in a...

We consider the problem of claims reserving and estimatingrun-off triangles. We generalize the gamma cell distributions model which leads to Tweedie`s compound Poisson model. Choosing a suitable parametrization, we estimate the parameters of our model within the framework of generalized linear...

Im April 1997 hat ein Steering Committee des International Accounting Standards Committee (IASC) als ersten Schritt für die Entwicklung eines International Financial Reporting Standard (IFRS) im Bereich Versicherungen mit der Erarbeitung eines "Issues Paper" begonnen. Das "Issues Paper" wurde...

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 Geneva Association “insurance reader on the credit crisis” has been put togetheras a reaction to the widespread demand for reliable information on and an intellectualappreciation of the insurance sector’s involvement in the credit crisis. Since the end of2007, The Geneva Association...