Insights for the future
Preparing for LDTI
Since the issuance of ASU 2018-12, Targeted Improvements to the Accounting for Long-Duration Contracts (LDTI), there has been a significant increase in activity from insurers impacted by the standard. Insurance companies are gearing up their change programs and thinking with purpose about how they should implement the new standard.
At this point, it is important to pause and consider how to respond to the challenge of the new reporting standard. Based on KPMG professionals’ experience working with insurers in the U.S. and around the world on a wide range of complex transitions, such as IFRS 17, Solvency II implementation, postmerger integration, and a variety of finance and actuarial transformation initiatives, we offer our thoughts on possible next steps for the future when planning for LDTI implementation.
Dive into our thinking:
Insights for the future
Download PDFExplore more
Insight
Illustrative disclosures for insurers adopting ASU 2018-12
The KPMG LDTI Illustrative Disclosures Guide presents one possible format for financial statements of a life insurer applying the requirements of ASU 2018-12
Insight
Survey shows analysts’ expectations about financials after LDTI
As insurers prepare to adopt the new standard, KPMG survey reveals what analysts want to learn about life insurers’ financials
Insight
LDTI Insurance accounting change
ASU 2018-12 Long Duration Targeted Improvements (LDTI)
Insight
Insurance accounting change risk and control considerations
US GAAP long-duration targeted improvements
Insight
People & organizational impacts of insurance accounting change
Getting ready for Business as Usual (BAU)
Meet our team
