May 23, 2017 | FASB Updates, IASB, Insurance Industry
The IASB published its much-anticipated overhaul for insurance accounting, ushering in a major change to how insurers report the risks they take and the promises they make to their customers. The standard aims to offer more transparency into an industry where balance...
Jan 7, 2015 | Insurance, Insurance Industry, Life Insurance, Uncategorized
What tax rate should a small life insurance company use when it records its deferred tax assets and liabilities for GAAP (ASC 740 / FAS 109)? Enacted vs. effective rate. GAAP generally requires that a small life insurance company compute its deferred taxes no...
