Key takeaways for insurers managing the US GAAP Targeted Improvements
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Insurance companies that issue long-duration contracts (LDTI) can expect volatility, increased data and disclosure requirements, and the potential for a new market for reinsurers thanks to recent accounting changes, according to Milliman\\u2019s William Hines and Francois Dauphin. In the latest episode of Critical Point, Milliman\\u2019s life insurance actuaries discuss key takeaways from the Financial Accounting Standards Board (FASB) Targeted Improvements to the Accounting for Long-Duration Contracts (LDTI), which will require significant risk management and has a go-live date of January 2021.
You can read the episode transcript on our website.