NAIC

ANNUAL STATEMENT

Enterprise Risk Management (ERM) More Important Than Ever

Recently StoneRiver conducted an online survey which asked respondents about their company’s Enterprise Risk Management (ERM) process. Half of the respondents said they have an ERM process, but of those, 23% said it isn’t a formal process with reporting. Another 12% indicated they currently did not have a formal ERM process, but were developing one, 24% indicated their company did not have an ERM process and 15% of the respondents indicated they didn’t know.

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NASVA Updates

Julie Kramer Julie Kramer, Financial & Compliance Product Director

Melissa Monaghan, a Statutory Accountant working with our eFreedom Annual Statement product, recently attended the 2012 Annual North American Securities Valuation Association (NASVA) Conference held May 15 - 17 in Louisville, Kentucky. As an Annual Statement software vendor, we feel that it is important to keep up with what is happening within the investment arena.

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Wanted: One Crystal Ball

Anyone involved with regulatory financial reporting and accounting knows that changes within both are fairly common. However, the changes that are now being contemplated by the NAIC are beyond the “normal” changes we have all become accustomed to. So what are those possible changes, and why are they being considered?

Be sure to check out the new issue of NAIC Focus,

There will be a lot of other activity occurring throughout the year and the NAIC Focus is the place to bookmark for current information.

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Do-It-Yourself Checklist

It’s here! The time we all live for. Year end. This issue of NAIC Focus is a handy checklist of NAIC changes. Note the ones that apply to your company, and you’ll have a much smoother Annual Statement season. Pay special attention to a tricky last minute change to Note 20 for the disclosure of fair value measurements. You’ll see what I mean…

Be sure to check out the new issue of NAIC Focus,

There will be a lot of other activity occurring throughout the year and the NAIC Focus is the place to bookmark for current information.

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Audits, Controls, Compliance – The New Requirements and What They Mean


Don Goodenow
Director, Product Management, Reinsurance & Collections
StoneRiver

The world of audits, controls and compliance is not what it used to be. It changed dramatically in 2002 with the passage of Sarbanes-Oxley (SOX). It changed again for many insurers when the NAIC adopted a replacement of its Model Audit Rule (MAR), in June of 2006.

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