With Goals Achieved, GNAIE Ends Successful Role As Influence On Accounting, Solvency Standards
|PR Newswire Association LLC|
GNAIE has served as the voice of the U.S. life, property/casualty and reinsurance companies on international accounting standards and solvency issues. Its members include companies who are the largest global providers of insurance and substantial multi-national corporations.
"GNAIE established a unique space in the international community of people and organizations dedicated to the creation of high quality accounting standards and solvency regulations," said GNAIE executive chairman
Beginning in 2003, GNAIE achieved its goals through modeling of proposed accounting standards and solvency regulations, analysis, comment, and coordination with various end users of financial reports.
The organization developed highly productive relationships between insurers doing business in
Among GNAIE's noteworthy contributions are the development of life and non-life insurance accounting principles and guidance designed to serve as the basis for preparing international insurance accounting standards and the commission of original research studies, including the Development of Alternative Accounting Methodology for Life Insurance and Similar Products prepared by
"GNAIE's research, analysis and commentary has made an enduring contribution to the global conversation of thoughtleaders and policymakers on accounting and solvency issues of critical importance to the insurance industry," said