This video is on US GAAP Deferred Acquisition Costs (DAC) and Market Risk Benefits (MRBs) presented by the Society of Actuaries. Michael Lockerman, a Principal at PwC, discusses the changes due to LDTI, which is now live for insurers reporting on a US GAAP basis. The video covers the capitalization and amortization of DAC, as well as the assessment and measurement of MRBs, providing valuable insights for actuaries and insurance professionals.
Contributors: Michael Lockerman, FSA, MAAA; Darryl Wagner, FSA, MAAA; Shirly Wu, FSA, MAAA; Jon Forster, ASA, MAAA