Solvency II’s Implications for U.S. Based Insurers, and an Update on International Standards for Insurance Accounting and Financial Reporting

February 26, 2015 5:00pm

William F. Costigan
Costigan Law

Stephen Broadie
Vice President, Financial Policy
Property Casualty Insurers Association of America (PCI)

Amine Belahbib
Senior VP – Middle East/North Africa (MENA Region)
McNulty Re Group

Calvin J. McNulty
McNulty-Re Group

  • Assessing the challenges and benefits of Europe’s Solvency II regime; as well as the impacts of Solvency II on the present and future regulation of internationally active insurance companies
  • Taking a comparative look at Solvency II, IAIS solvency standards and other related regulatory developments – what are the common central themes? What are the distinctions?
  • What challenges are being faced by US insurers due to the lack of harmonization of insurance regulation across jurisdictions?
  • How should insurance companies best address these challenges as we approach the formal implementation of Solvency II in January 2016?
  • What is the current status of the U.S./EU Mutual Regulatory Understanding Project?
  • What is the process for assessing equivalence of third countries under Solvency II?
  • What is on the horizon for internationally active insurance companies in 2016?
  • The latest US efforts towards convergence of international accounting and reporting standards
  • Examining the future of statutory accounting and the influence of IFRS
  • The latest COSO developments as they relate to internal controls for financial reporting