We’ve added a new chapter to our Insurance contracts guide to include perspectives on statutory accounting guidance and insights from recent consultation trends. Read it today.
This guide was partially updated in January 2021.
PwC’s updated accounting guide, Insurance contracts, addresses the accounting by insurance and reinsurance entities for insurance contracts under US GAAP. It includes guidance on recognition, measurement, presentation, and disclosure for short duration and long duration contracts under the new long duration standard (ASU 2018-12).
It also includes a new statutory accounting chapter, which incorporates perspectives on statutory accounting guidance and insights from recent consultation trends.
© 2016 - 2021 PwC. All rights reserved. PwC refers to the US member firm or one of its subsidiaries or affiliates, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details.