2024-11-08T13:35:08-06:00 2023-12-31 PWC US TAX LLP 2001 MARKET STREET SUITE 1800 PHILADELPHIA PA 19103 990 2023-01-01 310749196 INTERNATIONAL INSURANCE SOCIETY INC % JEFFREY A SCHEIDT INTE 2122775164 720 PROVIDENCE ROAD MALVERN PA 19355 JEFFREY A SCHEIDT TREASURER 6106442100 2024-11-07 true true ALBERT N ANTONELLI P01496650 2673303000 2024-11-01 2023 2024-10-15 13:58:12Z X PETER L MILLER 720 PROVIDENCE ROAD MALVERN PA 19355 1326810 false X WWW.INTERNATIONALINSURANCE.ORG X 1965 DE AN ANNUAL MEETING PROVIDING EXECUTIVES AND ACADEMICS EDUCATIONAL PROGRAMS 5 2 0 0 0 0 0 1026435 1322902 850 2357 14417 1551 1041702 1326810 5000 0 0 0 0 0 0 0 0 1577256 2351121 1582256 2351121 -540554 -1024311 962818 651580 4961067 5674140 -3998249 -5022560 TO FACILITATE THE WORLDWIDE TRANSFER OF IDEAS AND INNOVATIONS AND THE DEVELOPMENT OF PERSONAL NETWORKS ACROSS INSURANCE MARKETS THROUGH A JOINT EFFORT OF LEADING EXECUTIVES AND ACADEMICS ON A WORLDWIDE BASIS. false false 2351121 1324452 ANNUAL SEMINAR OF THE INTERNATIONAL INSURANCE SOCIETY, INC (IIS) BRINGS TOGETHER INSURANCE EXECUTIVES AND ACADEMICS WORLDWIDE FOR EDUCATIONAL PROGRAMS, RECOGNIZES INDIVIDUALS WHO HAVE MADE OUTSTANDING CONTRIBUTIONS TO THE INSURANCE INDUSTRY AND SOCIETY AND SPONSORS RESEARCH ROUNDTABLES TO FOSTER THE DEVELOPMENT OF GLOBAL INSURANCE IDEAS. 2351121 true false false false false false false true false true false false false false false false false true false false true false false false false false false false false true false false false false false false false false false false false false true true true false false false true 0 0 0 false false false false false false false false false false false false X 5 2 false false false false true true true true true false false true true true true true true false false false X JEFFREY A SCHEIDT 6106442100 720 PROVIDENCE ROAD MALVERN PA 19355 PETER L MILLER PRESIDENT & CEO 2.0 51.0 X X 0 2216772 220597 KATHERINE HOROWITZ SECRETARY 2.0 51.0 X X 0 930813 62870 JEFFREY A SCHEIDT TREASURER 2.0 51.0 X X 0 497761 68887 JOSHUA LANDAU PRESIDENT - IIS AND PIC 20.0 0.0 X 0 20000 0 ANDREAS BERGER TRUSTEE 1.0 0.0 X 0 0 0 0 3665346 352354 0 false true false AICPCU 720 PROVIDENCE ROAD MALVERN PA 19355 SHARED RESOURCES 2348483 1 0 MEMBERSHIP DUES 524298 423700 423700 EDUCATIONAL EVENTS 611430 899202 899202 1322902 2357 2357 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 OTHER REVENUE 900099 1551 1551 1551 1326810 1324453 0 2357 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SHARED RESOURCE SERVICES 2348483 2348483 MERCHANT FEES 2937 2937 TRANSLATION LOSS -299 -299 2351121 2351121 0 0 753678 7694 209140 563570 0 0 0 80316 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 962818 651580 4683827 5460266 0 0 277240 213874 0 0 0 0 0 0 0 0 0 0 0 0 4961067 5674140 X -4541948 -5586130 543699 563570 -3998249 -5022560 962818 651580 -1024311 X false true X true false X 0 0 0 0 0 0 1448343 523522 816502 1026435 1322902 5137704 0 0 0 1448343 523522 816502 1026435 1322902 5137704 0 176354 88286 231321 462636 600864 1559461 176354 88286 231321 462636 600864 1559461 3578243 5951 2530 3988 850 2357 15676 0 5951 2530 3988 850 2357 15676 0 94865 103632 86785 14417 1551 301250 1549159 629684 907275 1041702 1326810 5454630 0.65600 0.66975 0.00287 0.00337 X X false 545305 24057 5792 563570 549472 833 5000 545305 543877 5595 549472 541496 2381 543877 541489 5135 5128 541496 0.00000 0.35490 0.64510 false false FORM 990, SCHEDULE D, PART III, LINE 1A Collections - The Society maintains the Insurance Hall of Fame, which contains portraits of the laureates of the Hall of Fame. ASC 958-605-25, states contributions of works of art, historical treasures and other similar assets may, but need not, be recognized as revenue and capitalized if the donated items are added to collections that are (a) held for public exhibition, education, or research in furtherance of public service rather than financial gain and (b) are preserved, cared for, kept unencumbered and protected. These items maintained by the Society are not capitalized and, accordingly, are not reflected in the accompanying financial statements. FORM 990, SCHEDULE D, PART III, LINE 4 The artwork collection is for public exhibition and consists of portraits painted of each inductee into the Insurance Hall of Fame. The Hall of Fame honors the insurance industry globally. FORM 990, SCHEDULE D, PART V, LINES 3A & 4 The IIS has restricted funds that have been designated for a particular use by the donor for the purpose of rewarding research activities in insurance to academics or researchers and for our Honors program. North America 0 0 Program Services MEMBERSHIP DUES 0 East Asia and the Pacific 0 0 Program Services MEMB.DUES/EVENT EXPS 223400 Sub-Saharan Africa 0 0 Program Services MEMBERSHIP DUES 0 Europe (Including Iceland and Greenland) 0 0 Program Services MEMBERSHIP DUES 0 Middle East and North Africa 0 0 Program Services MEMBERSHIP DUES 0 0 0 0 0 223400 223400 false false true false false true false true false false false false false false false PETER L MILLER PRESIDENT & CEO 0 1214396 1000000 2376 204613 15984 0 2437369 JEFFREY A SCHEIDT TREASURER 0 383385 112000 2376 52800 16087 0 566648 KATHERINE HOROWITZ SECRETARY 0 547376 375000 8437 48000 14870 0 993683 FORM 990, SCHEDULE J, PART I, LINE 3 AS PROVIDED IN THE FORM 990, SCHEDULE J INSTRUCTIONS, SINCE THE ORGANIZATION RELIES ON A RELATED ORGANIZATION, WHICH USES ONE OR MORE OF THE METHODS DESCRIBED ON LINE 3 TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION, THIS QUESTION HAS BEEN LEFT UNANSWERED. REFER TO SCHEDULE O FOR A DESCRIPTION OF THE COMPENSATION REVIEW AND APPROVAL PROCESS. FORM 990, SCHEDULE J, PART I, LINE 4B A RELATED ORGANIZATION, THE AMERICAN INSTITUTE FOR CHARTERED PROPERTY CASUALTY UNDERWRITERS, MAINTAINS A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN (THE "PLAN") SUBJECT TO INTERNAL REVENUE CODE SECTION 457(F). UNDER THE PLAN, THE ENTIRE ACCRUED BENEFIT BECOMES 100% VESTED AFTER 3 YEARS OF SERVICE. PARTICIPANTS MUST REMAIN IN CONTINUOUS EMPLOYMENT FOR TWELVE (12) CONSECUTIVE MONTHS TO RECEIVE CREDIT FOR ONE (1) YEAR OF SERVICE. AN ACCRUED BENEFIT UNDER THE PLAN SHALL BE DISTRIBUTED ON THE DATE OR DATES ON WHICH THE ACCRUED BENEFIT BECOMES VESTED. TERMINATION OF SERVICES WILL RESULT IN FORFEITURE. PETER MILLER ACCRUED A BENEFIT OF $150,000 UNDER THE PLAN DURING CALENDAR YEAR 2023 AND THIS AMOUNT IS INCLUDED ON SCHEDULE J, PART II. FORM 990, PART VI, SECTION A, LINES 1A, 6, 7A, AND 7B THE AMERICAN INSTITUTE FOR CHARTERED PROPERTY CASUALTY UNDERWRITERS ("THE INSTITUTES") AND THE INTERNATIONAL INSURANCE SOCIETY ("IIS") ENTERED INTO AN AFFILIATION AGREEMENT (THE "AGREEMENT"), EFFECTIVE MARCH 15, 2018, AND A SHARED RESOURCES AGREEMENT ("SRA"), IN ORDER TO SERVE AS A POWERFUL, UNITED VOICE TO SIGNIFICANTLY INFLUENCE INSURANCE EDUCATION, AND WORK TOGETHER TO PROMOTE THE STUDY AND TEACHING OF RISK MANAGEMENT AND INSURANCE BY PROVIDING INSURANCE EDUCATION AND TOOLS FOR HIGHER EDUCATION INSTITUTIONS, PROFESSORS, STUDENTS, AND INSURANCE EDUCATION FOR PUBLIC POLICY MAKERS AMOUNG OTHER ACTIVITIES. THE INSTITUTES, AS OF THE EFFECTIVE DATE OF THE AGREEMENT, HAS THE SOLE AUTHORITY AND RIGHT TO (I) ELECT IIS' BOARD OF TRUSTEES; (II) AMEND IIS' ARTICLES OF INCORPORATION; (III) MERGE OR DISSOLVE IIS, AND; (IV) AMEND IIS' BYLAWS. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES ("COVERED OFFICIALS) ON AN ANNUAL BASIS. EACH COVERED OFFICIAL MUST COMPLETE AN ANNUAL CONFLICT OF INTEREST STATEMENT OF DISCLOSURE. IF A CONFLICT IS IDENTIFIED, IT IS EVALUATED AND MAY BE APPROVED IF IT IS DETERMINED TO BE JUST, FAIR, AND REASONABLE TO THE ORGANIZATION. IF IT IS DETERMINED THAT THE CONFLICT IS NOT JUST, FAIR, AND REASONABLE TO THE ORGANIZATION, APPROPRIATE ACTION IS TAKEN TO ELIMINATE THE CONFLICT, WHICH CAN INCLUDE ASKING THE INDIVIDUAL TO END A CONFLICTING BUSINESS ARRANGEMENT, RETURN REMUNERATION TO THE ORGANIZATION, OR OTHERWISE DISCONTINUE THE ARRANGEMENT CAUSING THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THIS ORGANIZATION IS AN AFFILIATE OF THE AMERICAN INSTITUTE FOR CHARTERED PROPERTY CASUALTY UNDERWRITERS ("THE INSTITUTES"). COMPENSATION ARRANGEMENTS INVOLVING ANY OF THE ORGANIZATION'S OFFICERS AND/OR KEY EMPLOYEES ARE ESTABLISHED BY THE INSTITUTES PURSUANT TO A PROCESS THAT SATISFIES THE REBUTTABLE PRESUMPTION PROCEDURE AVAILABLE FOR IRC SECTION 4958 EXCESS BENEFIT TRANSACTION TAX PURPOSES, WHICH REQUIRES A REVIEW OF COMPENSATION DETERMINATIONS BY DISINTERESTED PERSONS, USE OF APPROPRIATE COMPARABILITY DATA, AND CONTEMPORANEOUS DOCUMENTATION OF THE PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. PACIFIC INSURANCE CONFERENCE LLC 720 PROVIDENCE ROAD MALVERN PA 19355 882730437 EDUCATION DE 40000 816481 IIS AICPCU 720 PROVIDENCE ROAD MALVERN PA 19355 231352012 EDUCATIONAL PA 501(C)(3) 10 NA false SOCIETY OF CHARTERED PROPERTY & CASUALTY 720 PROVIDENCE ROAD MALVERN PA 19355 231552247 MEMBER ASSOC. PA 501(C)(6) N/A AICPCU false GRIFFITH INSURANCE EDUCATION FOUNDATION 720 PROVIDENCE ROAD MALVERN PA 19355 316052801 EDUCATIONAL OH 501(C)(3) 10 AICPCU false THE INSTITUTES RISKSTREAM COLLABORATIVE 720 PROVIDENCE ROAD MALVERN PA 19355 822367323 MEMBER ASSOC. DE 501(C)(6) N/A AICPCU false THE PACIFIC INSURANCE CONFERENCE LTD 18 CHATER ROAD CENTRAL HONG KONG HK EDUCATION HK AICPCU false INSURANCE INFORMATION INSTITUTE INC 720 PROVIDENCE ROAD MALVERN PA 19355 131912455 INSURANCE ED. NY 501(C)(6) N/A AICPCU false CATASTROPHE RESILIENCY COUNCIL 720 PROVIDENCE ROAD MALVERN PA 19355 871626866 INSURANCE ED. DE 501(C)(6) N/A AICPCU false BLACK INSURANCE INDUSTRY COLLECTIVE 720 PROVIDENCE ROAD MALVERN PA 19355 881174446 MEMBER ASSOC. DE 501(C)(6) N/A AICPCU false INSURANCE ACCOUNTING AND SYSTEMS ASSOC 720 PROVIDENCE ROAD MALVERN PA 19355 561526114 EDUCATION NC 501(C)(3) 10 AICPCU false IIS LONDON LTD THE ST BOTOLPH BUILDING HOUNDSDITCH LONDON UK EC3A 7AR EDUCATIONAL UK IIS C CORP true IIS GLOBAL INSURANCE LTD 9 TEMASEK BOULEVARD SUNTEC TOWER TWO SN 038989 EDUCATIONAL SN IIS C CORP true RISK KNOWLEDGE GROUP 720 PROVIDENCE ROAD MALVERN PA 19355 844678397 EDUCATION DE AICPCU C CORP false RISKSTREAM GLOBAL INITIATIVES 720 PROVIDENCE ROAD SUITE 100 Malvern PA 19355 844685676 INSURANCE DE AICPCU C CORP false RISKSTREAM LABS 720 PROVIDENCE ROAD SUITE 100 MALVERN PA 19355 844706483 INSURANCE DE AICPCU C CORP false TI TRAVEL INC 720 PROVIDENCE ROAD SUITE 100 MALVERN PA 19355 844623544 INSURANCE DE AICPCU C CORP false false false false false false false false false false false false false false false false false false true true