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Critical Point Episode 15: Key takeaways for insurers managing the US GAAP Targeted improvements01 July 2019 - By William C. Hines and François Dauphin - Article

Insurance companies that issue long-duration contracts (LDTI) can expect volatility, increased data and disclosure requirements, and the potential for a new market for reinsurers thanks to recent accounting changes, according to Milliman’s William Hines and Francois Dauphin. In the latest episode of Critical Point, Milliman’s life insurance actuaries discuss key takeaways from the Financial Accounting Standards Board (FASB) Targeted Improvements to the Accounting for Long-Duration Contracts (LDTI), which will require significant risk management and has a go-live date of January 2021.

Observations on Emergence of Earnings under US GAAP Targeted Improvements01 April 2019 - By François Dauphin and William C. Hines - Article

This paper illustrates the potential impacts of Accounting Standards Update 2018-12, Targeted Improvements for Long-Duration Contracts relative to current US GAAP accounting with respect to four blocks of business: level term insurance, single premium immediate annuities, long-term care insurance and universal life insurance.

One year to go: An ORSA checkup20 March 2014 - By Aaron C. Koch and François Dauphin and William C. Hines - Article

What practical steps can insurers take to prepare for ORSA to satisfy regulators and enhance market value and solvency position?

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