DURHAM, N.C., June 2, 2008 (PRIME NEWSWIRE) -- IASA is pleased to announce the addition of a newly-developed risk-focused examination seminar to the association's existing educational offerings. The seminar, produced in conjunction with Bowne Insurance Division and with content considerations from the National Association of Insurance Commissioners (NAIC), contains important and timely content for insurance company executives who coordinate and facilitate financial examinations.
IASA and Bowne Insurance Division have partnered to produce detailed insurance accounting seminars complete with the latest information and changes from the NAIC for many years and are pleased to be able to present this unique educational offering. Insurance company executives and audit firm personnel interested in learning more about this burgeoning trend will have several opportunities to attend. The risk-focused seminar program will be presented this fall in key cities around the country. The current dates include October 16-17 in New York City, November 20-21 in Las Vegas, and December 9-11 in Dallas, Texas.
"The financial examination process has been under scrutiny recently by the NAIC," said Joe Pomilia, IASA Executive Director. "That scrutiny has resulted in recommendations for how to complete more effective and efficient examinations of insurers which many state insurance examiners have already begun to adopt. With risk-focused examinations becoming an accreditation standard in 2010, this seminar is on the leading edge when it comes to providing practical information for those deeply involved in the financial examination process."
In addition to providing instruction on how to effectively prepare for and manage a risk-focused examination and how to properly interface risk-focused examinations into the company's overall risk management strategies and objectives, this two-day seminar provides insight into the rationale behind and timing for this sweeping conversion in the insurance examination process. Additionally, this seminar will identify various risks faced by an insurance company which are typically evaluated by financial examiners and help insurance company executives understand how financial examiners will analyze the company's current and future solvency using the risk-focused surveillance approach.
For more information about the Risk-Focused Examination Seminar please contact Joe Pomilia, IASA Executive Director, via email at jpomilia@iasa.org or via phone at (919) 489-0991 (x207), or Ed Wiley, Bowne Insurance Division General Manager, via email at ed.wiley@bowne.com or via phone at 800-234-6859.
About IASA
The Insurance Accounting & Systems Association, Inc. (IASA) is a non-profit, education association that strives to enhance the knowledge of insurance industry professionals, and participants from similar organizations closely allied with the insurance industry by facilitating the exchange of ideas and information. IASA is one of the insurance industry's largest, and most well represented trade association. IASA membership includes insurance companies of all types (Property & Casualty, Life, Health, Fraternal, HMO and others) as members, as well as companies serving the insurance industry, regulators and also organizations more broadly representative of the financial services industry, including banks and investment brokerage firms. Learn more about the IASA by visiting our website at www.iasa.org or by calling (919) 489-0991.
About Bowne
Bowne & Co., Inc. is a global leader in providing high-value solutions that empower our clients' communications. The company provides financial printing, digital printing and electronic delivery of personalized communications, and a broad range of globalization/localization services. As a part of Bowne & Co., Bowne Insurance Services is committed to providing you not only the highest quality printed statement, but also with an unmatched variety of services and resources year-round. With Bowne's 45 facilities throughout North American, you are afforded the extra security of regional support that is particularly welcome at Annual Statement time. Contact Bowne Insurance Services today by calling 800-234-6859 or visit Bowne on the web at www.Bowne.com/insurance.