Insurance Contracts Webcast – June 12, 2013

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Webcast By Insurance

Webcast summary 

Watch PwC's Insurance Contracts webcast which focuses on the current views of the FASB and IASB on key components of the project.

Webcast details

Watch this recorded webcast

PwC 's Insurance Practice invites you to watch this Insurance Contracts webcast.

The webcast focuses on the current views of the FASB and IASB on key components of the project, with a focus on the FASB model and will provide observations on key differences from existing US GAAP and various business considerations and challenges. We discuss:

  • Current status
  • Scope
  • Current value measurement model (“building block approach”)
  • Simplified measurement model (premium allocation approach)
  • Reinsurance
  • Presentation and disclosure
  • Transition

Background

In 2008, the FASB joined the IASB in a joint project to develop a common standard on insurance contract accounting covering recognition, measurement, presentation, and disclosure. The key objective of the project is to simplify and improve financial reporting for insurance contracts and provide investors with more decision useful information. After much re-deliberation on the discussion paper issued in 2010, the FASB intends to issue an exposure draft by the end of June. The IASB plans on issuing a revised exposure draft, on which they are expected to ask for specific feedback on five topics, also by the end of June. The FASB and IASB are expected to have a 120 day comment period. For a PwC summary of the project redeliberations to date, please visit:
www.pwc.com/us/en/insurance/publications/IASB-FASB-insurance-contracts-project.jhtml

CPE credit:

Participation in the live webcast qualifies for up to 1.5 CPE credits.

Please note that CPE credit can only be given to individuals who remain logged into the LIVE webcast and respond to the polling questions provided during the webcast. If you are viewing this webcast in a group, everyone in the group can receive CPE Credit. Also, those who dial in via telephone are NOT eligible for CPE credit. Please note that this is a NASBA (not PwC) requirement.

If you have any questions concerning continuing professional education (CPE), you can find answers here to frequently asked questions concerning CPE webcast participation.