A Forum on Fair Value Accounting Standards for Life Insurance Contracts

By Invitation only
TIAA-CREF Headquarters
New York, NY

May 2003 |

Sponsored by the TIAA-CREF Institute, this invitation-only conference provided a forum for discussion and debate on the International Accounting Standards Board’s (IASB) insurance accounting project.

The ultimate goal of this conference was to illuminate the issues involved in fair value accounting and to develop a better understanding of the potential impact on life insurers in the U.S. and abroad.

In particular, conference sessions provided a forum to:

  • Debate the advantages and disadvantages of fair value accounting standards for life insurance contracts
  • Discuss the optimal accounting model for life insurance companies
  • Analyze alternative market mechanisms such as securitization of life insurance contracts
  • Evaluate the potential impact of a movement to fair value accounting standards on the portfolio composition of life insurance companies.

Featuring a mix of paper presentations and panel discussions, this conference was highly interactive. Participants included a group of thought leaders representing a variety of different perspectives and stakeholder groups including those from academia, industry, standards-setting and rating agencies.

The keynote address was delivered by the Honorable Paul Volcker, Chairman of the Trustees of the International Accounting Standards Committee Foundation, the governing body of the IASB. The program agenda (PDF) is available for your review.

Read the Working Paper titled The Impact of Fair Value Accounting Standards on the Portfolio Composition of Life Insurance Companies which was presented by Douglas Fore, TIAA-CREF Institute Senior Research Fellow, at this forum.
 

© 2013 and prior years, Teachers Insurance and Annuity Association - College Retirement Equities Fund (TIAA-CREF), New York, NY 10017