US GAAP Targeted Improvements & Disability Income Insurance
13 November 2019
The changes to the measurement and reporting of long-duration insurance contracts will have a profound impact on the emergence and volatility of earnings under US GAAP. This paper illustrates the potential impacts of Accounting Standards Updates 2018-12, Targeted Improvements for Long-Duration Contracts, relative to current US GAAP accounting with respect to products with long claim periods such as individual disability insurance and highlights some practical implementation challenges.
Explore more tags from this article
About the Author(s)
François Dauphin
Contact us
We’re here to help you break through complex challenges and achieve next-level success.
US GAAP Targeted Improvements & Disability Income Insurance
This paper illustrates the potential impacts of Accounting Standards Updates 2018-12, Targeted Improvements for Long-Duration Contracts, relative to current US GAAP accounting with respect to products with long claim periods such as individual disability insurance and highlights some practical implementation challenges.
François Dauphin, William Hines, Dan Skwire