There are a number of challenges and opportunities with implementing ASU 2018-12. The bottom line is that project management and program structure is vital to success in driving decision making, improving efficiency and collaboration, ensuring accountability, and developing capabilities to accurately report and explain results. Our Conversion Methodology is a common, scalable, and consistent approach in use for over a decade. It is based on the philosophy that significant change to insurance entity accounting and reporting is broader than just an accounting exercise.
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Insurance Accounting Change: ASU 2018-12 Long Duration Targeted Improvements (LDTI)
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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
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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
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