The GNAIE formally responds to requests for comment from a variety of standard-setters and interested organizations:

Financial Accounting Standards Board

The US Financial Accounting Standards Board (FASB) is the setter of US Generally Accepted Accounting Principles (US GAAP) as recognized by the US Securities and Exchange Commission.  The seven-member board meets weekly in Norwalk, CT.  The board has several insurance related projects on its agenda and more on the near horizon.  The projects are related to both its commitment to converge with international standards and to independent efforts. 

International Accounting Standards Board

The International Accounting Standards Board (IASB) is the setter of International Accounting Standards (IAS) recognized as a Key Standard by the Financial Stability Forum, and adopted by the European Union for use by companies listed on EU exchanges.  The fourteen member board meets monthly in London.  The board passed phase I of the insurance contracts standard as an interim measure before EU implementation.  Phase II intended to create a more comprehensive standard is currently under development. 

Solvency

European and international regulators and standard setters have undertaken far-reaching efforts in the Solvency II Project. GNAIE has formed the Solvency Committee to represent the North American industry’s views on international standards for solvency regulation and the convergence to U.S. regulation.

Other Organizations

The GNAIE also Comments to other organizations such as the International Association of Insurance Supervisors (IAIS), the National Association of Insurance Commissioners (NAIC) and the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS).

Presentations

The Members and staff of GNAIE give presentations on the issues important to us to meetings and organizations around the globe.  Following are the presentation materials from some of those meetings.