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Program Code:
C-21
Date:
Monday, November 8, 2010
Time:
2:00 PM to 3:30 PM
EST
MODERATOR
:
Gareth Kennedy serves as Ernst & Young's International Financial Reporting Standards (IFRS) property and casualty actuarial subject matter professional in the United States. He is also a member of Ernst & Young's Global Insurance Working Group. Gareth has performed research, presented at actuarial conferences and written articles on the possible effects on insurance companies of the proposed IASB and FASB insurance contracts standards. Gareth holds a Master of Physics degree from the University of Lancaster. He is an Associate of the Casualty Actuarial Society (CAS), a Member of the American Academy of Actuaries. He currently serves as the Vice Chair of the Academy's Financial Reporting Committee and a member of the CAS' Accounting Changes Task Force.
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PANELIST
(S):
Henry Siegel, Vice President, Risk Management and Financial Reporting, American Academy of Actuaries
Kris DeFrain, Director, Actuarial and Statistical at National Association of Insurance Commissioners
Nicholas Pastor is the Chief Actuary for QBE the Americas, the US operations for the Australian-based QBE Group. In this role, Nick is responsible for all aspects of actuarial services, including pricing, reserving, catastrophe modeling, and financial modeling. Nick is a Fellow of the Casualty Actuarial Society and a Member of American Academy of Actuaries. He is a former member of the CAS Committee on Ratemaking and currently a member of the CAS' Accounting Changes Task Force.
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Description
The session will give an update of the NAIC's Solvency Modernization Initiative and the AAA's involvement in responding to the NAIC proposals. The session will also provide a summary of the results of the CAS' Accounting Changes Task Force Modeling Subcommittee around the IASB and FASB proposals for accounting for insurance contracts.