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  • GAAP Long-Duration Targeted Improvements: Whether Largely a Compliance or Modernization Exercise, the Considerations for the Modeling Actuary are Numerous
    principles (GAAP) for long-duration contracts. For U.S. reporting companies, LDTI is one of the most significant ... actuarial software providers. Further, a company’s particular set of circumstances, such as being a public ...

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    • Authors: Ryan Laine, Dave Czernicki, Jean-Philippe Larochelle
    • Date: Apr 2021
    • Competency: Strategic Insight and Integration
    • Publication Name: The Modeling Platform
    • Topics: Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]; Modeling & Statistical Methods>Modeling efficiency
  • GAAP Accounting for Long-Duration Contracts: Ramifications for the Modeling Actuary
    common variable annuity (VA) and fixed indexed annuity (FIA) MRBs in Table 1. Table 1 Common Market ... historical assumptions, which includes loading mortality rates, coding dynamic lapse formulas and implementing ...

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    • Authors: Jean-Philippe Larochelle, Ryan Laine, Dave Czernicki
    • Date: Apr 2019
    • Competency: External Forces & Industry Knowledge; Technical Skills & Analytical Problem Solving
    • Publication Name: The Modeling Platform
    • Topics: Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]; Modeling & Statistical Methods