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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, ...

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, ...

Ascend, a comprehensive accounting operations platform for insurance, and commercial insurance managing general agent (MGA) and wholesale brokerage QuoteWell have joined hands to enhance MGA ...

A representative in charge of investor relations (IR) at a major domestic non-life insurance company recently received a call from Morgan Stanley. The content was that the accounting treatment method ...

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 ...

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 ...

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 ...