Changes specific to P&C and life insurers
While P&C carriers were exempted from the NOL rules changes, they do need to adapt to a number of other changes. One of these changes involves new methods for calculating loss reserves. Instead of having the option to use their own historical loss payment patterns to calculate reserves, they now must use only the industrywide standards.
This article first appeared in IASA’s June 2018 e-Interpreter newsletter. Learn more at www.iasa.org.