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Implementation considerations for FASB updates to long-duration insurance contracts

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.

Key takeaways

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

Presenters

Chad Runchey
EY Americas Insurance Financial Performance & Risk Leader

Webcast

Time your local time

Browse additional resources to help with a coordinated response to ASU 2018-12.

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Webcast replays

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Strategic considerations for FASB updates to long-duration insurance contracts

Strategic considerations involved with the transition to Financial Accounting Standards Board (FASB) Accounting Standard Update 2018-12 (ASU 2018-12).
Webcast
Time
- your local time

Presenters

FASB’s targeted improvements to long-duration insurance contracts

How Financial Accounting Standards Board’s (FASB) Accounting Standard Update (ASU) 2018-12 impacts long-duration insurance contracts.
Webcast
Time
- your local time

Presenters

Chad R. Runchey

EY Americas Insurance Financial Performance & Risk Leader