Accounting Standard Updates
NAIC SAPWG Accounting Update Matrix, Summer 2024 National Meeting
Hot Take:
JLK Rosenberger brings you the latest 2024 NAIC SSAP adoptions and exposures emanating from the recent 2024 NAIC National Summer meeting decisions through September 12, 2024, along with our “What’s the Rub” perspectives.
Key features include Principle-based Bond Project activity, removal of “R” identifier in SSAPs, Schedule BA updated reporting, Embedded Derivative accounting, Crypto asset accounting, and many more.
Full Article
JLK Rosenberger regularly attends the National Association of Insurance Commissioners (NAIC) meetings. To the left, you will find a recap of items brought before the Statutory Accounting Principles Working Group (SAPWG) during the meeting.
In addition to the standard update matrix provided by the NAIC, we have included commentary on each item and have organized the various categories by color code into high, moderate, and low priority based on the potential impact on insurers. Highly narrow topic items, as far as impact, are generally categorized as low priority.
The Fall National Meeting is scheduled for November 16 – 19 in Denver, Colorado. Look for a newly updated matrix shortly after the meeting.
