Finance, Investments, and Accounting
Loss Disclosures for Short-Duration Insurance Contracts (GAAP Filers)
The Financial Accounting Standards Board has issued ASU 2015-09 for nonpublic, calendar year-end insurance company filers. This Accounting Standards Update requires additional disclosures to provide better insight into an insurer's initial claim estimates and subsequent adjustments and to help financial statements users understand the frequency, severity, and timing of future cash flows related to the estimated claim costs. This article summarizes the new requirements. Read More
Captive Insurance Assets and Investment Policies
It is important for captive board members to be conversant in certain key concepts. This article, fourth in a series, looks at assets of captive insurers and the components of an investment policy. Read More
Uncertain Times Squared: The Future of Investing for Insurers
What new ideas, technologies, and ways of conducting our lives do we see impacting our economy and financial markets? The future of investing for insurers, in the next 7-10 years, will see artificial intelligence and especially machine learning having a very pronounced impact on our careers, companies, and daily life. Read More
831(b) Micro-Captive Challenges
Currently, there is great uncertainty as to how the Internal Revenue Service's challenges to micro-captives will be resolved. With this in mind, a panel of captive insurance experts discussed ways to mitigate the challenges during last month's 2017 World Captive Forum. Read More
What Is FATCA and How Do Captives Handle It?
This article discusses the Foreign Account Tax Compliance Act (FATCA) and how FATCA's requirements affect captives. FATCA's provisions operate to encourage compliance with US information reporting requirements by imposing a withholding tax on those that fail to comply. Read More