JD Supra

Statutory Accounting Principles (E) Working Group to develop SSAP revisions incorporating principles-based bond definition

On August 26, 2021, the Statutory Accounting Principles (E) Working Group (SAPWG) of the National Association of Insurance Commissioners (NAIC) directed a new “43R study group” to continue work on a ...
Houston Chronicle

Reinsurance Accounting Basics

As tort litigation and natural disaster costs increased in the United States, beginning in the early 1990s, reinsurance became more popular as a method of mitigating risks faced by insurance companies ...
Houston Chronicle

The Difference Between Statutory Expense Ratio & GAAP Expense Ratio

Statutory expenses derive from statutory accounting, a system of accounting used by the insurance industry in the United States. Most consider statutory accounting more conservative than accounting ...
JD Supra

New Statutory Accounting Guidance Permits “Look-Through” Treatment for Residential Mortgage Loans Held by Insurers in Qualifying Statutory Trusts

The NAIC Statutory Accounting Principles (E) Working Group has adopted a revised version of Item 2025-13, amending Statement of Statutory Accounting Principles (“SSAP”) No. 37—Mortgage Loans to allow ...