The American Institute of CPAs’ Financial Reporting Executive Committee has proposed two working drafts of accounting issues for insurance entities to offer them guidance on implementing the Financial ...

The Financial Accounting Standards Board released a long-awaited accounting standards update Wednesday to improve the financial reporting for insurance companies that issue long-duration contracts, ...

Insurance companies must save a certain percentage of the premiums they receive to pay for claims. The amount set aside, the reserves, must be enough should a large group of policyholders experience a ...

MALVERN, Pa.--(BUSINESS WIRE)--The Institutes, a not-for-profit comprised of diverse affiliates that educate, elevate, and connect people in the essential disciplines of risk management and insurance, ...

Financial reporting for insurance companies that issue long-duration contracts will change under an accounting standard issued Wednesday by FASB. The targeted changes to the current reporting model ...

CHICAGO--(BUSINESS WIRE)--Northern Trust (Nasdaq: NTRS) announced today the successful upgrade of its SAP Financial Asset Management application to SAP S/4HANA, which further enhances its Insurance ...

After a decade and a half of hoping, life insurance companies are finally seeing an increase in interest rates that improves yield on assets they can purchase, but carriers might be afraid to exchange ...

Financial reporting for insurance companies that issue long-duration contracts will change under an accounting standard issued by FASB. The targeted changes to the current reporting model affect ...

The financial complexity and sophistication of the insurance industry make it an exciting place for accountants and financial professionals to work. “Insurance companies, by virtue of having thousands ...

After a decade and a half of hoping, life insurance companies are finally seeing an increase in interest rates that improves yield on assets they can purchase, but carriers might be afraid to exchange ...

A recent webinar highlights the ways technology is helping leading insurance companies save time and money as premiums continue to rise. The High-Level Takeaways: Automation delivers substantial time ...