This video by Ryan Kiefer ASA, MAAA provides an overview of the basics of LDTI, the most significant change to GAAP insurance accounting in decades. It covers the key changes to liability for future policyholder benefits, market risk benefits, deferred acquisition costs, and financial statement disclosures. It also highlights some of the challenges and opportunities that LDTI brings to the industry.
Contributors: Ryan Kiefer ASA, MAAA ; Anthony Champi , FSA, MAAA; Ryan Bruner FSA, MAAA; Jon Forster, ASA, MAAA