Eagle Technology Management Download Enewsletter PDF
Page 1 2 3 4 5 0 January 2011

Changes are in the air.

One, near-term and evolutionary; the second, long-term and revolutionary.

By Layton Olson
Senior Vice President

It's January, 2011, the beginning of a new year and a new decade. It's the time of year when the statutory reporting stakeholders have to contend with the near-term, evolutionary NAIC changes to the 2010 Annual Statement year-end filing.
It's also the right time of the new decade for these same stakeholders to be thinking anew about the long-term and revolutionary changes that are taking place in the wonderful world of technology, most notably what's happening in the Cloud.

Near-term and evolutionary changes: It seems that every year the NAIC updates get more numerous, and this year is no exception, with hundreds of revisions—some large, some small, some obvious, some less so.

Most of you are probably familiar with the high-level revisions that are required this year, but as a service to those who will be burning the midnight oil over the next weeks, we have gathered the details for you. We've drilled down into each change for your statement type, and have dissected it to clearly explain its impact. We would like you to have a copy of our analysis, with our compliments. Not all changes may apply to you, so you can probably skim the document in 15-30 minutes to cull just the tidbits relevant to you.

We are offering three ways to access these changes as effortlessly as possible. First, you can access the summary on our website by clicking the link in the right column. Second, you can attend the SNL webinar by clicking the link also on the right. Finally, you can contact Randy Hefel, the author of this summary at (319) 739-3528, or email him at randy.hefel@byetm.com.

As you begin to work your way through the next few weeks of long days and lots of coffee and look forward to a breath of fresh air in March, you may want to shift your focus to thinking about the future. There’s an old African proverb that says, "For tomorrow belongs to the people who prepare for it today."

Long-term and revolutionary changes: It appears that the advantages and benefits of tomorrow are reserved for those among us who are preparing for the latest, greatest change that will consume the population in general, business in particular, and in due time the insurance industry as well.

Click HERE to read more about Changes are in the air.

Time for Change
Layton Olson
NAIC Updates

Click HERE to access our website for a detailed explanation of the 2010 NAIC updates.

Click HERE to register for a special webinar sponsored by ETM and the SNL Center for Financial Education on Thursday, February 3, 2011, at 2:00 PM to 3:00 PM EST to review the 2010 updates.

  Page 1 Changes are in the air.
Page 2 Changes are in the air (continued).
Page 3 Interview: Renee Campbell, Senior Statutory Accountant, RiverStone Resources LLC
Page 4 Interview: Anna Franzis, Senior Accountant, Aspen Specialty Insurance Company
Page 5 Interview: Dale Clouse, CPCU & Senior Staff Accountant, GUARD Insurance Group

Eagle Technology Management, Inc.
Company Website: www.byetm.com

1425 60th Street NE, Suite 400
PO Box 11100
Cedar Rapids, IA 52410-1100

General: 319-739-3500
Sales: 800-975-3245
Fax: 319-447-2330