Dbriefs Webcast

ASU 2018-12 implementation: Benefiting from the FASB extension

Insurance

November 8 | 12 p.m. ET

Host: Matthew Clark, principal, Deloitte Consulting LLP
1 Overview CPE credit | Accounting

The FASB has proposed extending the effective date for its Accounting Standards Update (ASU) 2018-12, Targeted Improvements to the Accounting for Long-Duration Contracts (LDTI), standard to 2022 for public entities and to 2023 for private and mutual companies. How can insurers take advantage of the extra time FASB has provided? We'll discuss:

  • A review of FASB expectations concerning the pace of implementation.
  • Considerations for optimizing the extended time frame.
  • How to determine where to invest strategically so day two issues are minimized.

Participants will examine the parameters of the proposed extension and develop a perspective of technical accounting, methodology, technology, and data considerations for their extended LDTI implementation.
 

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Matthew Clark

Matthew Clark

Principal | Deloitte Consulting LLP

Matt is a Principal with Deloitte Consulting in the US. He has more than 20 years of experience in the financial services industry. His work experience covers a range of services including actuarial t... More

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