Insurance Contracts Project Update

Insurance Contracts Project Update Webinar
May 10, 2011
Noon - 1:15 p.m. Eastern


This webinar updated attendees on the progress the International Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB) have made toward completing the Insurance Contracts project. The May 10 webinar was the third in a series about the work to implement the International Financial Reporting Standards (IFRS) and was presented by the Academy's Insurance Accounting Standards Task Force (IASTF).

Topics included:

  • Risk and composite margins
  • Discount rates
  • Acquisition costs
  • Unbundling

Speakers also discussed expectations for the second half of 2011 regarding IFRS implementation and forthcoming action from FASB and the Securities and Exchange Commission.


  • Steve Strommen, CERA, FSA, MAAA, chairperson of the IASTF
  • William Hines, FSA, MAAA, member of the IASTF
  • Marc Oberholtzer, FCAS, MAAA, member of the IASTF
  • Henry Siegel, FSA, MAAA, member of the IASTF


The American Academy of Actuaries believes in good faith that your attendance at this live webinar titled "Insurance Contracts Project Update" constitutes an organized activity as defined under the current Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States. Under these Qualification Standards, an hour of continuing education is defined as 50 minutes, and fractions of an hour may be counted.