By January 1, 2023, insurers are expected to significantly change their accounting models, transitioning to follow International Financial Reporting Standards 17 (IFRS 17) and the FASB’s Targeted Improvements for Long-Duration Contracts (LDTI) requirements. Insurers face complex challenges to operationalize this fundamental change and navigate the multitude of issues.
Our professionals have collaborated across accounting, actuarial, finance, and technology disciplines to provide practical insights and tools here on the Insurance Accounting Change Hub to help insurers through this accounting change transition.
Resource Hub
Targeted Improvements for Long-Duration Contracts (LDTI)
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People & organizational impacts of insurance accounting change
Getting ready for Business as Usual (BAU)

Insurance accounting change risk and control considerations
US GAAP long-duration targeted improvements

Handbook: Long-duration contracts
Latest edition: Our updated guide for long-duration contracts, with Q&As, interpretive guidance and examples.


FASB ASU defers long-duration insurance contract dates
ASU on long-duration insurance contracts further deferred one year.


Survey shows analysts’ expectations about financials after LDTI
As insurers prepare to adopt the new standard, KPMG survey reveals what analysts want to learn about life insurers’ financials

Illustrative disclosures for insurers adopting ASU 2018-12
The KPMG LDTI Illustrative Disclosures Guide presents one possible format for financial statements of a life insurer applying the requirements of ASU 2018-12

Mini-Roundtable
Long duration targeted improvements featuring insights from Laura Gray and Michael Lammons
International Financial Reporting Standards (IFRS)
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Insurers – Illustrative disclosures
Your essential guide to preparing financial statements under IFRS 17 and IFRS 9


Testing times: feedback from insurers on IFRS 17 implementation programs
Benchmarking insurers’ readiness for IFRS 17 from 18 insurers from around the world.

Getting on the fast track to IFRS 17
IFRS 17 has created an opportunity for insurers to consider transforming their finance and actuarial systems, processes and controls.

IFRS 17 – Interim reporting choices
Choosing how to treat prior period accounting estimates will affect financial performance

IFRS 17: decision time is here
Insurers now have an extra year to implement IFRS17. But what exactly does that entail? And is the answer the same for all?