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Session 31: Impact of FASB Targeted Improvements (ASU 2018-12) on VA/FIA Product Development and In-force Management

Session 31: Impact of FASB Targeted Improvements (ASU 2018-12) on VA/FIA Product Development and In-force Management The Financial Accounting Standards Board (FASB) recently introduced the Target ...
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Description: The Financial Accounting Standards Board (FASB) recently introduced the Target Improvements for Long-Duration insurance Contracts (ASU 2018-12), including creation of the market risk benefits product category. The presenters will review and summarize the FASB target improvements and discuss its impact on variable annuities and fixed indexed annuity in-force management and product development.
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- Authors: Robert E Winawer, Kenneth Scott Birk, Yuan Tao
- Date: Jun 2019
- Competency: External Forces & Industry Knowledge
- Topics: Financial Reporting & Accounting

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Session 31: Impact of FASB Targeted Improvements (ASU 2018-12) on VA/FIA Product Development and In-force Management