New York, NY, April 03, 2019 --(PR.com
)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, announced today that it has scheduled a live webcast entitled: Complying with FASB’s Insurance Accounting Standard: Effective Preparation and Implementation Strategies. This two-hour event is scheduled on Thursday, April 11, 2019 from 12:00 pm to 1:00 pm (ET)
Join Knowledge Group Online CPE Insurance Accounting Webinar. The Financial Accounting Standards Board (FASB) recently released its Accounting Standards Update (ASU) that revamped the financial reporting of insurance companies’ long-duration contracts like life insurance, disability income, long-term care, and annuities. The new accounting standard demands enhanced disclosures, improves uniformity among similar market-based benefits, and sets standard liability discount rate.
The changing FASB standard poses a considerable impact on various stakeholders. Revisiting existing financial reporting practices and integrating a doable strategic plan are imperative for effective and efficient compliance.
Join a panel of key thought leaders and professionals assembled by The Knowledge Group as they provide the audience with an in-depth analysis of the recent developments in FASB's Insurance Accounting Standard. Speakers will also discuss its implications to stakeholders as well as the best preparation and implementation strategies to avoid pitfalls.
This Live Webcast will discuss the following key provisions:
-The Backstory of the New Insurance Contracts Accounting Standard
-FASB Consideration of Industry-Input and Feedback
-Implementing the Spirit of Clarity
-Implementation and On-Going Calculations
-Data Requirements and Governance
-Explaining the Impact to Stakeholders
William Hines, FSA, MAAA
Principal & Consulting Actuary
Emily Cummins, CPA, CIA, CPCU, CISSP, ARM, ARe
Underwriting Administration Specialist
Church Mutual Insurance Company
For an updated list of the faculty panel, please visit:
About The Knowledge Group/The Knowledge Congress Live Webcast Series
The Knowledge Group brings together the world's leading authorities and industry participants through informative two-hour webcasts that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.
Visit http://theknowledgegroup.org/ for further information and inquiry.