Technical Line - A closer look at how insurers will have to change their accounting and disclosures for long-duration contracts

6 Nov 2020 PDF
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Publications Technical Line


The FASB deferred the effective dates of the new guidance for long-duration insurance contracts by one year. Calendar-year SEC filers that are not smaller reporting companies will be required to adopt the guidance on 1 January 2023. All other calendar-year entities must adopt it on 1 January 2025. Our Technical Line publication has been updated to reflect the revised effective dates and include a new appendix that provides answers to questions that insurers may have when applying the new guidance.

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