Program Description

In order to team effectively with other professionals, the actuary needs to understand the context within which their work is to be used. The financial reporting context within which an actuarial estimate will be used must be considered when evaluating the “best estimate” within a range. Actuaries whose work is used within a financial reporting context need to keep current on relevant accounting standards and interpretations. An actuary also must be able to clearly communicate the scope of the actuary’s analysis (what is estimated and what is not, including key assumptions) to the actuary’s principal(s) and to provide a meaningful work product to his/her principal(s) while ensuring that his/her work product will not be misused.
This webinar will enable attendees to (1) articulate key US GAAP and Statutory accounting policies that affect actuarial analyses; (2) evaluate whether his/her actuarial analyses might be modified to better serve their principal(s)’ intended purposes; and (3) better protect against potential misuse of the actuary’s work product

Intended Audience

This webinar is open to CAS Members and Non-Members. Members whose responsibilities include Accounting/Financial Reporting, Management of Actuarial Units, Strategic/Financial Planning, Regulation, Reserving, Risk & Capital Management and Valuation are encouraged to attend.