Cape Cod Method: What it Means, How it Works, Criticism

The Cape Cod method is used to calculate loss reserves. It uses weights proportional to loss exposure and inversely proportional to loss development.
JD Supra

IRS issues key audit directive for life insurers

The Internal Revenue Service (IRS) Large Business and International (LB&I) division recently released an Industry Director’s Directive (IDD) that provides key guidance for life insurers. 1 The IDD is ...
Insurancenewsnet.com

Rev. Rule No. 2020-19: Section 807 — Rules for Certain Reserves

WASHINGTON, Sept. 29-- The U.S. Department of the Treasury's Internal Revenue Service issued the following revenue ruling (No. 2020-19): In the situations described below, is there a change in basis ...