Insurance: May 2024 SAPWG call
Issues & Trends | May 2024
KPMG reports on actions taken by the Statutory Accounting Principles Working Group on the May 2024 conference call.
Applicability
- 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 PDFExplore more
Resource
Insurance: February 2024 SAPWG call
KPMG reports on actions taken by the Statutory Accounting Principles Working Group on the February 2024 conference call.
Resource
Insurance: NAIC 2024 Spring meeting
We report on actions and discussions on conference calls, and at the NAIC 2024 Spring meeting.
Meet our team
Subscribe to stay informed
Receive the latest financial reporting and accounting updates with our newsletters and more delivered to your inbox.
Accounting Research Online
Access our accounting research website for additional resources for your financial reporting needs.