Download or read book Life Insurance Company Financial Statements written by R. Arthur Saunders and published by Precept Press. This book was released on 1986 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Reports of Fire Insurance Companies for Year Ending December 31 written by Spectator Company (New York, N.Y.) and published by . This book was released on 1906 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Financial Statement Analysis for Non Financial Managers written by Hoskin and published by Dog Ear Publishing. This book was released on 2011-07 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: Covers the following areas: overview of the P&C industry; organizational structure of P&C insurers: stock & mutual companies; value drivers in the P&C business; financial reporting requirements for P&C insurers & major financial statements; capital management; GAAP (generally accepted accounting principles) insurance accounting principles; statutory (STAT) accounting principles; rating agencies & ratio analysis. The book uses the actual GAAP and STAT financial statements of Travelers Insurance Company as well as excerpts from the A.M. Best rating report for Travelers to illustrate the concepts and analysis.--P. [4] of cover.

Download or read book Financial Statements of Insurance Companies written by Indiana--Insurance dept and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Handbook of Accounting for Insurance Companies written by Clair J. Galloway and published by McGraw-Hill Companies. This book was released on 1986 with total page 636 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Auditor s Reporting on Statutory Financial Statements of Insurance Enterprises written by American Institute of Certified Public Accountants. Insurance Companies Committee and published by . This book was released on 1995 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Life Insurance Accounting written by Joseph C. Noback and published by Homewood, Ill : R. D. Irwin. This book was released on 1969 with total page 474 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Checklists and Illustrative Financial Statements for Property and Liability Insurance Companies written by and published by . This book was released on 1996 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Financial Statements Insurance written by Alex Dontoh and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The largest corporate bankruptcy filed in the U.S., that of Enron in 2001, was preceded by a string of disclosures about errors in and corrections to their financial statements. The presence of such errors creates uncertainty about the quality of the financial statements, can lead to pricing distortions, and inefficient market allocations. Several causes have been suggested for the current state of affairs. Most important, perhaps, are managers' tendency to inflate stock prices for personal gain through deceit, "cooking the Books" - misrepresentations in financial reporting - and other unethical behavioral practices, and auditors' failure to fulfill their role as independent gatekeepers. Currently, the incentives driving auditors' behavior may not elicit unbiased reports. Auditors are paid by the companies they audit which creates an inherent conflict of interest that is endemic to the relation between the firm (the principal) and the auditor (the agent). Unfortunately, remedying these problems is not simple. Prosecution and punishment may not adequately deter wrongdoing, as intentional misrepresentation is difficult to discover or prove. Overhauling the regulatory structure and adding layers of supervision and monitoring by the government would be inefficient and socially wasteful. In addition, little can be done in the short run to cultivate ethical personalities. Rather, the solution lies in market mechanisms that eliminate the perverse incentives of gatekeepers, most notably the auditors. We present a financial statement insurance institutional mechanism that eliminates the conflict of interest auditors face and properly aligns their incentives with those of shareholders. We show analytically that the introduction of financial statement insurance can significantly mitigate market inefficiencies arising from uncertainty regarding the quality of financial statements. The basic structure of Financial Statement Insurance (FSI) can be described as follows. Instead of appointing and paying auditors, companies would purchase financial statement insurance that provides coverage to investors against losses suffered as a result of misrepresentation in financial reports. The insurance coverage that the companies are able to obtain is publicized, as are the premiums paid for that coverage. The insurance carriers would then appoint and pay the auditors who attest to the accuracy of the financial statements of the prospective insurance clients. Those firms announcing higher limits of coverage and smaller premiums would distinguish themselves in the eyes of the investors as companies with higher quality financial statements. In contrast, those with smaller or no coverage or higher premiums will reveal themselves as those with lower quality financial statements. Every company will be eager to get higher coverage and pay smaller premiums lest it be identified as the latter. A sort of Gresham's law in reverse would be set in operation, resulting in a flight to quality.

Download or read book Annual Report of the Superintendent of Insurance written by New York (State). Insurance Department and published by . This book was released on 1921 with total page 542 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book IFRS 4 Insurance Contracts written by International Accounting Standards Board and published by . This book was released on 2004 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Reports on Audited Financial Statements of Property and Liability Insurance Companies written by American Institute of Certified Public Accountants. Insurance Companies Committee and published by . This book was released on 1990 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Financial Statements of Life Insurance Companies written by Robert Hugh Raymond and published by . This book was released on 1964 with total page 688 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Financial Statements Insurance Company of the West Indies Limited written by Insurance Company of the West Indies and published by . This book was released on 1977 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Checklists and Illustrative Financial Statements for Life and Health Insurance Entities written by and published by . This book was released on 2008 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Financial Statements of Life Insurance Companies in the United States written by Milliman & Robertson and published by . This book was released on 1972 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Financial Audit written by United States. General Accounting Office and published by . This book was released on 1990 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: