Insurance

Guidance and publications including discussion and analysis of significant issues related to the insurance industry.

Long-duration contracts

Guidance on ASU 2018-12 and how these changes significantly affect legacy US GAAP.

Statutory guidance for premium refunds adopted

The Accounting Practices and Procedures Task Force adopts statutory interpretation for COVID-19 related premium refunds.

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FASB exposes ASU to delay long-duration contract dates

FASB proposes delay to effective dates and alignment of transition dates due to COVID-19.

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NAIC accounting calls

KPMG reports on the latest accounting actions taken on conference calls by the National Association of Insurance Commissioners.

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SAPWG exposes COVID-19 and TALF program guidance

Proposed interpretations and revision to SSAP No. 26R to include accounting guidance for COVID-19 and the TALF program.

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SAPWG adopts LIBOR and COVID-19 guidance

Adopted interpretations include accounting relief in response to COVID-19 and adoption of FASB LIBOR guidance.

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Insurance: NAIC 2019 fall meeting

NAIC discussions on recent accounting change and regulatory developments impacting insurance companies.

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