Actuary, Scott D. Hougton discusses setting assumptions for LDTI (Long Duration Targeted Improvements) products; including term life insurance, whole life, long term care, and disability income.
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Setting assumptions for GAAP Long Duration Targeted Improvements (LDTI) Products
While the timing of the implementation of the standard has been well known, time is now of the essence.
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IFRS 17 – Race to the Finish – Disruption and Transformation at Your Doorstep
While the timing of the implementation of the standard has been well known, time is now of the essence.
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IFRS 17 – The Race to the Finish – The Standard vs. Implementation Realities
interpreting the requirements of the standard into actual operationalized procedures is a much more complex exercise..
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IFRS 17 – The Race to the Finish – Technology Solution Point-to-Point vs. Data Hub
Compliance can’t be achieved without substantial alignment of supporting IT systems..
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IFRS 17 – Race to the Finish – Don’t Underestimate the Complexity, Even for P&C
For most short-term business, the premium allocation approach (PAA) can be used and it generally gives bottom- line results similar to current practice.
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IFRS 17 – Race to the Finish – The Right Strategy for Data
By now, most insurers have established an IFRS 17 implementation plan and are working on the design of their solution.
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IFRS 17 – Race to the Finish – Actuarial Work and IFRS 17
Model changes sometimes sound simpler than they really are. One constant in our IFRS 17 projects is that change ends up being more complex and require more resources than anticipated.
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IFRS 17 – Race to the Finish – The Link Between IFRS 17 and IFRS 9
When many insurers think of implementing IFRS 17, they may not recognize there other standards that may also need to be applied—including IFRS 9..
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