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What does GNAIE stand for?

GNAIE stands for Group of North American Insurance Enterprises

This definition appears frequently and is found in the following Acronym Finder categories:

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  • Business, finance, etc.

Samples in periodicals archive:

insurance trade groups, and a special purpose group called Group of North American Insurance Enterprises, are speaking out in the debate, he said.
9, 2011 /PRNewswire-USNewswire/ -- The Group of North American Insurance Enterprises (GNAIE) commended the Financial Accounting Standards Board (FASB) on today's decision to work with the International Accounting Standards Board (IASB) on a single, high quality, converged accounting standard for insurance contracts.
The Group of North American Insurance Enterprises (GNAIE) said the proposed update fell short of the FASB's objective of providing financial statement users with a more timely and representative description of an entity's involvement in financial instruments while reducing complexity in accounting for them.
htm In an August 19 comment letter to IASB Chairman Sir David Tweedie, the Group of North American Insurance Enterprises (GNAIE)(1), said that the proposed Exposure Draft failed in its original intent of advocating a simplified Alternative Measurement Paradigm for certain short-term insurance contracts whose underlying attributes are best accounted for using a short-term revenue and expense model similar to that currently in use around the world.
Paer, executive chairman of the Group of North American Insurance Enterprises (GNAIE), expressed support for FASB's direction of measuring short-term property/casualty insurance contracts using a non-discounted, ultimate contractual fulfillment model with no risk margins that reflects the ultimate amount expected to be paid.
Paer, executive chairman of the Group of North American Insurance Enterprises (GNAIE), said the decision reflects "a commitment to a deliberate, diligent and participative process that values the input of stakeholders in developing comprehensive accounting standards of the highest quality.