Dbriefs Webcast

Special Edition | Implementing the long-duration contracts standard: A strategic view

Insurance

April 11 | 11 a.m. ET | 15:00 GMT

Host: Rick  Sojkowski, partner, Deloitte & Touche LLP
1 Overview CPE credit | Specialized Knowledge

The effective dates for the new Financial Accounting Standards Board (FASB) Targeted Improvements to the Accounting for Long-Duration Contracts (LDTI) standard are approaching quickly for public entities in 2021 and private and mutual companies in 2022. How can insurers prepare for the dramatic transformation to operations, technology infrastructure changes, and technical accounting ambiguity associated with the implementation? We'll discuss:

  • How insurers are mobilizing their implementation programs.
  • Elements of a holistic LDTI implementation plan. 
  • Technology and data solutions needed to enable compliance with the standard.
  • Transition and operational considerations and challenges.

Participants will gain insights into LDTI technical accounting, methodology, technology, and data, including key strategic decisions that require evaluation across the company.