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International Solvency and Accounting (E) Working Group
Financial Condition (E) Committee

2008 Charges

  1. Critically review and provide input and drafting to the International Association of Insurance Supervisors Solvency and Actuarial Issues Subcommittee on Standards and Guidance papers expected to follow from the structure paper.
  2. Monitor the developments of the International Accounting Standards Board (IASB) and the International Association of Insurance Supervisors as they relate to insurance accounting issues;
  3. Monitor the IASB and Financial Accounting Standards Board (FASB) joint convergence projects;
  4. Provide the IASB/IAIS with comments on insurance accounting issues and actively provide input to the IAIS Insurance Contracts Subcommittee on future papers for the IASB on liability measurement;
  5. Coordinate, review, and comment on developments with the International Insurance Relations (G) Committee; and
  6. Report findings relative to these developing issues to the Accounting Practices and Procedures (E) Task Force.

There are no related topics at this time.

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There are no related topics at this time.
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Regulators may access meeting minutes through MyNAIC.org. Non-Regulators may purchase meeting minutes through NAIC Store.

March 29, 2008 Meeting

  1. Agenda
  2. Jan. 16 Minutes
  3. IAIS Solvency - Paris
  4. IAIS Solvency - Malaysia
  5. SOA IFRS Study
  6. IASB Update

January 16, 2008 Conference Call

December 2, 2007 Meeting

Sept. 30, 2007 Meeting

Interim Meeting
August 22-23, 2007

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IAIS Solvency Subcommittee Meeting Updates:

  1. June 2006: Rio
  2. September 2006: Quebec
  3. November 2006: Rotterdam
  4. January 2007: Johannesburg
  5. March 2007 : Tokyo
  6. June 2007: London
  7. Sept. 2007: Sydney
  8. December 2007: Paris

IAIS Solvency Subcommittee papers

  1. March 2008 Cover Letter
  2. Structure of regulatory capital - Draft Standard, March 2008
  3. Structure of regulatory capital - Draft Guidance, March 2008
  4. Enterprise risk management - Draft Standard, March 2008
  5. Enterprise risk management - Draft Guidance, March 2008
  6. Internal models - Draft Standard, March 2008
  7. Internal models - Draft Guidance, March 2008
  8. IAIS Guidance on Structure of Capital Requirements - Final 10/07
  9. IAIS Guidance on Risk Management - Final 10/07
  10. IAIS Guidance on Internal Models - Final 10/07
  11. IAIS Position Paper on Technical Provisions - Final 10/07
  12. IAIS Structure Paper - Final 2/07
  13. IAIS ALM Standard - Final 10/06
  14. IAIS ALM Issues Paper
  15. IAIS Cornerstones - Final 10/05

EU Solvency II:

  1. Nov 2005: Introduction
  2. May 2006: Update
  3. Sept 2006: Update
  4. Dec 2006: Update
  5. March 2007: Update
  6. September 2007: Update
  7. March 2008: Framework Directive

IAIS & IASB Insurance Contracts

  1. IAIS Second Liabilities Paper - final
  2. IASB Fair Value: Issues
  3. IASB Fair Value: SFAS 157
  4. Discussion Paper: Preliminary Views on Insurance Contracts Part 1
  5. Discussion Paper: Preliminary Views on Insurance Contracts Part 2 - Appendices
  6. Tentative Positions on IASB Phase II Insurance Contracts
  7. IAIS Comments on IAIS Phase II Insurance Contracts as of Dec. 4, 2007

IAA Solvency & Accounting

  1. NAIC Overview of IAA RMWG earlier draft
  2. IAA Current Estimates & Risk Margin draft 10/23/07
  3. IAA Internal Models draft 10/07
  4. IAA Enterprise Risk Management draft 8/07
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Robert M. R. Esson
Senior Manager, Global Insurance Markets
Financial Regulatory Services Division
Phone: 816-783-8131
Kris DeFrain, FCAS, MAAA, CPCU
Sr. Manager & Chief Property/Casualty Actuary
Financial Regulatory Services Division
Phone: 816-783-8229
Please see the current Committee List for a complete list of committee members.