The Financial Accounting Standards Board’s (FASB) Accounting Standard Update (ASU) 2018-12 on long-duration insurance contracts represents one of the most fundamental updates to life insurance and annuity accounting in over 30 years, and presents a range of challenges to the preparers of financial statements and their users.
This webcast will be relevant to all insurers that issue long-duration contracts and create GAAP financial statements, as a change this broad requires engagement and perspectives from multiple stakeholders.
Our panel share their insights on operational considerations for insurance companies in implementing the new standard and will cover the following topics:
- Overall perspectives on implementing the new standard
- Specific implications on data, actuarial and finance systems
- Tips to overcome implementation challenges
Time your local time
EY Americas Insurance Financial Performance & Risk Leader