The current Generally Accepted Accounting Principles (GAAP) practice presents a variety of challenges for organizations implementing Long Duration Targeted Improvement (LTDI) for reinsurance. In the Account Standards Update #2018-12, it does not explicitly address reinsurance accounting changes. However, the revisions in accounting policies for the underlying direct policies have prompted organizations to revisit their approaches for reinsurance accounting.
During this webcast, the presenters will explore:
• Challenges faced by the industry
• Reinsurance accounting guidance through the lens of LDTI
• Implementation strategies, from the perspective of ceding companies and reinsurers
At the conclusion of the webcast, attendees will be able to:
• Understand the unique challenges for implementing changes for reinsurance accounting under the LDTI guidance
• Develop a better understanding of the US GAAP accounting guidance for reinsurance
• Survey implementation strategies