Overview

Agenda & Preliminary Attendee List

Highlights

The LIC Financial & Tax Accounting Committee Meeting is dedicated to providing information, networking, and practical solutions related to financial and tax accounting needs of small to midsize life insurance companies. Senior-level accounting executives are welcome to sign up and provide input on the topics you’d most like to see covered.

Hear what other companies are experiencing and share practical solutions to common challenges. Topics suggested for this meeting so far include:

How can AI be used in Accounting?
How to make a financial statement results presentation not boring?
What are companies' average RBC ratios? Do they incorporate the RBC ratio within the ERM?
What are some not-so-well-known tips for using Microsoft 365 apps such as Excel, Word, Outlook, etc.?
What are the best Accounts Payable software available for small to medium size insurance companies?
Who's using Workiva as a reporting tool? Do you have someone internally or do you contract with someone to write the reports? Do any companies use Workiva for reporting data from ID3 administrative software?
What is your most trusted source for investment accounting and reporting?

In addition, Larson & Company will provide a presentation offering 1 hr CPE, discussing the impacts on the Asset Valuation Reserve (AVR) and the Interest Maintenance Reserve (IMR) account balances due to the increase in interest rates and the current investment market conditions. There have been on-going discussions in recent NAIC meetings about how to account for negative IMR and if that can be recorded as an admitted asset or not. Bring your questions!

Douglas Brown of Trilogy Actuarial Solutions will explore the development of a performance management dashboard for interest sensitive liabilities.

Tip Tipton of Thrivent Financial for Lutherans will discuss upcoming NAIC changes in accounting standards.

The meeting is open to insurance company executives, with a discounted registration fee for LIC members. Affiliate Members/Vendors must sponsor the meeting in order to attend. Find out about LIC sponsorship opportunities.

Registration

LIC Committee Meetings are open to insurance companies/fraternals. Vendors/service providers must be a meeting sponsor in order to attend.

LIC Member: $29
Nonmember: $44
Group Discount: After two paid registrations, use code GRPCOMP for the third and additional attendees to attend for free.
Fraternals: AFA Member Societies attend for free - register at the AFA Website.
Sponsorship will be billed separately (see LIC Sponsorships).
Conference Call Sponsorship Only: $75 LIC Member/$150 Nonmember
Accounting Committee 2023 Sponsorship: $250 LIC Member/$450 Nonmember
Register one included attendee with SPONSORINCLUDED code; additional attendees pay applicable Registration Fee

Cancellation Policy

All cancellations/substitutions and refund requests must be received in writing - please submit your request to customer.service@limra.com. A full refund is available until one day before the meeting, May 24, 2023). For cancellations received after that date, registration fees will not be refunded. If for any reason a meeting is cancelled, LIC will refund the total registration fee.