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What’s New In the PaperExamplesFinancial ReportingAppendix III—addresses various issuesFrequently Asked QuestionsThroughout the paper©2007 KPMG LLP, the U.S. member firm of KPMG International, a Swiss cooperative. All rights reserved. FOR INTERNAL USE ONLY.4
The Problem<strong>Actuaries</strong> often lack a thorough understanding of theaccounting implicationsLack of communication and/or understanding betweenactuaries and accountantsInconsistent guidance and practicesThe white paper gives examples to provideinsight into PDR process and implications©2007 KPMG LLP, the U.S. member firm of KPMG International, a Swiss cooperative. All rights reserved. FOR INTERNAL USE ONLY.5
Page 1 and 2: FINANCIAL RISK MANAGEMENTPremium De
Page 3: Another PDR Paper?!NAIC Discussions
Page 7 and 8: GAAP Accounting PerspectiveFocus on
Page 9 and 10: Authority over PDRThe PDR is an act
Page 11 and 12: General PrinciplesWhen judging Meth
Page 13 and 14: Company PerspectiveHow?•Time Hori
Page 15 and 16: Business to Be IncludedNew Business
Page 17 and 18: Contract GroupingTesting LevelRepor
Page 19 and 20: Factors Affecting Contract Grouping
Page 21 and 22: Projection PeriodsRemainder of a co
Page 23: Premium Deficiency ReservesQuestion

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