PwC's US GAAP long duration targeted improvement survey 2018 -- Key findings from the insurance industry
Our survey results provide an overview of how insurance companies are planning to meet and implement the new requirements across their business operations.
Overview
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.
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