Industry News

  • GAAP Targeted Improvements Software Releases

    FASB’s objective of targeted improvements to the existing recognition, measurement, presentation, and disclosure requirements for long-duration contracts has a major impact on the actuarial software industry in all four categories. PolySystems best-in-class GAAP LDTI software uses our proven methods for combining policy history and projections. Partner with our team of U.S. GAAP experts to plan […]

  • Register for the 2019 Reserves Seminars

    Reserves Seminars 2019 Join PolySystems and the Society of Actuaries in June for our annual series of Reserves Seminars. PolySystems specifically designed these seminars to demonstrate how to apply the fundamental principles of reserving to the practical, on-the-job demands of statutory, GAAP, and tax financial reporting. The concentrated syllabus and classroom style atmosphere of these […]

  • 2019 US GAAP Basics Webcast Series - Save the Date!

    Save the Date for the 2019 US GAAP Basics Webcast Series PolySystems has partnered with the SOA to provide a series of webcasts on GAAP reserving principles. Mark you calendar for the following dates: Traditional Life Wednesday, July 31, 2019 12:00-1:30 P.M. EST For more information, click here. Universal Life Wednesday, August 7, 2019 12:00-1:30 […]

  • Register for the New VM-20 Modeled Reserves Session at the 2018 Reserves Seminars

    PolySystems is excited to announce a new session on VM-20 Modeled Reserves at our annual Reserves Seminars this June!

    Cosponsored with the Society of Actuaries, this session offers a comprehensive and introductory-level session on U.S. statutory reserving principles for modeled reserves on life insurance products under VM-20.

  • Guide for VM-20 in PolySystems Now Available

    VM-20 is a significant addition to principles-based reserves; generally applicable for life insurance products, it applies a joint formulaic and modeled cashflow framework for calculating reserves. PolySystems offers the most comprehensive solution to VM-20 in the industry with point-in-time valuation and asset-liability projection capabilities for all lines of business.

  • PolySystems Testing Services for Tax Reserve Impacts

    The new tax law changes how reserves are computed for the purpose of determining taxable income. All policies in all lines of business are affected.

    These changes happened quickly. Many are now left wondering what the impact might be as we go into year-end work. These changes will not impact the 2017 tax returns, but some ponder how cashflow testing will be influenced.