June 9, 2026, 8:30-4:30pm CT (continental breakfast and lunch provided)
June 10, 2026, 8:30-12:15pm CT (continental breakfast provided)
Located at Maggiano's Little Italy, Chicago
Gain a perspective of the actuarial impact on U.S. GAAP and statutory financial statements. Our course materials emphasize obtaining simple, conceptual knowledge of actuarial concepts rather than detailed calculations.
Who Should Attend: Accountants, auditors, analysts, and others who want to understand better the actuarial impact of key factors driving life insurance company financial results
Prerequisites and Advance Preparation: The role of an actuary in assessing risk is fundamental to life insurance company operations. We recommend that participants unfamiliar with the life insurance industry and its accounting and financial reporting consider taking our Accounting and Financial Reporting seminar before enrolling in this course. No advance preparation is required.
Program Level: Basic
Field of Study: Accounting
- Identify the principal actuarial assumptions required to price and reserve for life insurance contracts - statutory and U.S. GAAP - statutory will include a discussion on principle-based reserves
- Identify and apply U.S. GAAP and statutory guidance for policy acquisition costs (DAC)
- Identify and apply U.S. GAAP and statutory guidance for contract holder reserves
- Identify the impact of DAC and reserves on profit emergence
- Identify the impact of LDTI on GAAP accounting
- Define the terms "duration," "convexity," and "cash flow testing" as used in the context of a life insurance company's asset/liability management program
Chicago, IL
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