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Insurance: May 2024 SAPWG call

Issues and Trends | May 2024

KPMG reports on actions taken by the Statutory Accounting Principles Working Group on the May 2024 conference call.


  • All insurance companies

Key impacts

The Statutory Accounting Principles Working Group (SAPWG) adopted the following guidance:

  • Revisions to SSAP No. 107 to remove the transitional reinsurance program disclosures and the risk corridor disclosures because both programs have expired.
  • Proposal to revise the Annual Statement Instructions for Schedule BA instructions to further define examples of investments that are reported by type of investment based on underlying characteristics of assets.

The SAPWG exposed revisions to the following guidance.

  • Principles-based bond project issue paper. 

Report contents

  • Meeting highlights
  • Accounting highlights

Download the document:

NAIC May 2024 SAPWG Call

Download PDF

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Meet our team

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Olga Roberts
Managing Director, Dept. of Professional Practice, KPMG US
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Leigh Wilson Gasparovic
Partner, Department of Professional Practice, KPMG US

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