The PwC Insurance practice provides professional services to leading insurance organizations.
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- IASB/FASB Insurance Contracts Project - Meeting summaries
2/25/14 | Insurance
Insurers currently use a variety of different and largely inconsistent local approaches to measure the value of insurance contracts within their statutory financial statements. This diversity makes it difficult to compare companies and may fail to reflect the true economic value of insurance business, which can put insurers at a considerable disadvantage when competing for capital.
- Insurance Banana Skins 2013
7/11/13 | Insurance
Insurance Banana Skins 2013 is piece of research conducted by PwC in association with the Centre for the Study of Financial Innovation (CSFI), an independent think tank. It's a survey of insurers and seeks out their views on current risk and future trends.
WebcastInsurance Contracts Webcast – June 12, 2013
5/23/13 | Insurance
Watch PwC's Insurance Contracts webcast which focuses on the current views of the FASB and IASB on key components of the project.
- NAIC meeting notes: Spring 2013
5/8/13 | Insurance
NAIC Spring National Meeting in Houston April 2013. Newsletter contains information on activities that occurred in some of the committees, task forces and working groups that met at the meeting.
- Top Insurance Industry Issues in 2013: Contingent business interruption (CBI) and principles based reserving (PBR)
1/28/13 | Insurance
In the wake of recent natural disasters, CBI has new approaches to modeling and risk assessment. Principles based reserving (PBR) for life products will require many insurers to take a fresh look at their systems, processes, data and governance for both pricing and valuation. read the first two sections of the 2013 edition of Top Issues, which PwC will release in its entirety in March.
- Tax accounting for insurance companies - 2012
11/27/12 | Insurance
This paper discusses the important changes to income tax accounting under statutory accounting principles (SAP), including accounting for uncertain tax positions, which became effective on January 1, 2012.