Complimentary White Paper → Principles-Based Bonds for Statutory Insurers

Johnson Lambert provides audit, tax, and advisory services to 750+ insurance companies and related entities. To get a feel for what it would be like to work with us, we invite you to download this exclusive white paper, Principles-Based Bonds for Statutory Insurers.

This guide provides a comprehensive implementation overview for the NAIC’s Principles-Based Bond Definition (PBBD) Project, a significant milestone that modernizes statutory accounting principles for bonds. Effective January 1, 2025, the new definitions require insurance companies to re-evaluate their bond portfolios to ensure compliance with the updated guidance.

Key Points

  • The PBBD provides specific criteria for evaluating bond features and enhances financial statement transparency.
  • Insurers must thoroughly analyze bond characteristics and may need to adjust reporting.
  • Clear documentation and consistent application of the new principles are crucial.
  • The NAIC offers resources for a smooth adoption, with a January 1, 2025 effective date.

Download Now

 

Complete the form below to get your copy.

 

Meet the Team

As you mix and mingle during the conference, we hope you get a chance to meet our medical professional liability practice leaders. Robert Waszak, Mitchell Lipham, and Lauren Rieschman will be onsite, ready to discuss today’s hot topics and current events. Looking for a time to connect one-on-one? Reach out via the links below!

  • Johnson Lambert Audit Principal Robert Waszak, CPA

    Robert Waszak

    Principal

  • Johnson Lambert Audit Senior Manager Mitchell Lipham, CPA

    Mitchell Lipham

    Senior Manager

  • Johnson Lambert BAS Senior Manager Lauren Reischman, CPA

    Lauren Reischman

    Senior Manager

Can't Miss Session

Johnson Lambert’s insurance practice works tirelessly to provide clients and colleagues with informed perspectives on hot-button topics. Don’t miss our 15-minute sponsor spotlight session, covering the importance of an AI risk assessment.

  • May 22, 2025
  • 8:00 am - 8:15 am

A(I) Risk or A(I)sset? The Insurer's Guide to Responsible Implementation

  • Robert Waszak
  • Mitchell Lipham
  • Lauren Reischman

Legacy systems are out, but what if your new AI tech is missing critical training and oversight? Our team will break down the must-know governance steps and share how an AI risk assessment helps avoid the pitfalls of untested deployments.

Additional Resources

Johnson Lambert brings deep industry knowledge and practical experience to the table, offering clear takeaways on timely topics, technical developments, and evolving regulations. These resources reflect our commitment to sharing meaningful guidance shaped by real-world engagement.

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Mitigating Cyber Risks: Preparation Through Resiliency and Planning

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Artificial intelligence for insurance organizations

How Insurance Companies Can Assess and Mitigate AI Risk Factors

As artificial intelligence (AI) becomes integral to various insurance operations—ranging from cust...

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Ready for On-on-One Guidance?

Whether you're navigating Model Audit Rule compliance, strengthening your internal audit program, or addressing cybersecurity and IT risks, Johnson Lambert delivers audit, tax, and advisory services tailored to the distinct needs of MPL insurers. From risk governance and financial reporting to tax strategy and operational support, we’re here to help organizations like yours move forward with clarity and confidence. Schedule a one-on-one conversation with our team via the contact links in our team section above, or explore our menu of tailored insurance offerings to learn how we can support your business needs.