This is one of the most critical issues facing actuaries and yet it may be one of the easiest to ignore or
overlook. As companies expand globally, IASB and FASB are compelled to develop standards that apply
to these companies in all markets.
Since health insurance is peculiar to the U.S., it may appear that these standards will have little effect on
health carriers. Nothing could be further from the truth. Actuaries need to participate in this process to
ensure that these standards reasonably apply to the health insurance business. These developments
represent significant opportunities for health actuaries to demonstrate their expertise at an international
level.
This session will give you an understanding of what the IASB and FASB are doing and why, and will
make them aware of any associated problems (including the risk of inaction) or opportunities for the
health industry.