Insurance Accountants unveiled an AMS360 integration to support payment handling and reconciliation for independent ...

The Financial Accounting Standards Board released a long-awaited accounting standards update Wednesday to improve the financial reporting for insurance companies that issue long-duration contracts, ...

The American Institute of CPAs’ Financial Reporting Executive Committee has proposed two working drafts of accounting issues for insurance entities to offer them guidance on implementing the Financial ...

Insurance companies must save a certain percentage of the premiums they receive to pay for claims. The amount set aside, the reserves, must be enough should a large group of policyholders experience a ...

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 ...