LDTI transformation

In Insurance

More than just an accounting change, US GAAP Long-Duration Targeted Improvements (LDTI) will force insurers to make changes across departments such as actuarial, finance, IT and more.

Senior finance, accounting and actuarial leaders are called upon to master the technical and practical, while piecing together information from external and internal resources in an attempt to minimize the risk associated with future business implications.
While trying to position their companies to accelerate growth in the age of digital transformation, nearly all insurance companies are viewing LDTI as the trigger for long-overdue deferred investments ranging from targeted data, system or process upgrades to full-scale modernization.

EY and SAP bring to market a capability to help insurers transform financial reporting and implement accounting policy changes

Read more