The Financial Accounting Standards Board (FASB) issued the targeted improvements to the US GAAP accounting for long duration contracts on Aug 15, 2018. In anticipation of the new guidance PwC surveyed 24 life companies after the FASB's June 6, 2018 meeting. The results provide an overview of how insurance companies are planning to meet and implement the new requirements across their business operations.
US Insurance Practice Leader, PwC US
Richard de Haan
Global Actuarial Leader, PwC US
Managing Director, National Professional Service Group, PwC US