In the third of a series of EY webcasts on the targeted improvements to long-duration insurance contracts, we address the strategic considerations involved with the transition to Financial Accounting Standards Board (FASB) Accounting Standard Update 2018-12 (ASU 2018-12). In earlier webcasts, we covered the technical and operational aspects of implementation; and in this webcast, we outline high-level strategies for a coordinated response to the significant effects expected from these accounting changes.
This webcast will be relevant to all executives in actuarial, finance, investor relations, and IT at insurance companies that issue long-duration contracts, including universal life insurance, whole life insurance, term life insurance, long-term care, long-term guarantees, and similar products.
- How to optimize financial results by making strategic accounting decisions
- How to establish business strategies that enhance risk management
- How to explain the impacts to investors and other external stakeholders
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