On August 15, 2018, the FASB issued Accounting Standards Update 2018-12, Targeted Improvements to the Accounting for Long-Duration Contracts ("LDTI"). Since then, many companies and industry stakeholders have been analyzing the standard and conducting impact assessments to prepare for this significant change.
Since July 2018, PwC has advised most of the early movers on their approach to implementation and has developed relationships with several technology vendors on developing LDTI solutions and tools. We have learned much about the expected and unexpected complexities of this standard, and in our December 10, 2018 webcast, we discussed the early discoveries and lessons learned to date. Matt Adams, PwC’s US Insurance Practice Leader, hosted the webcast, which focused on five key areas:
Download our detailed summary of webcast topics and technical content.
US Insurance Practice Leader, PwC US
Insurance Assurance Leader, PwC US
Richard de Haan
Global Actuarial Leader, PwC US
Insurance Advisory Leader, PwC US
Insurance Tax Leader, PwC US
Managing Director, National Professional Service Group, PwC US